Search

Browse Subject Areas

For Authors

Submit a Proposal

Decentralized Finance and Blockchain

A Game Changing Duo

Edited by Renuka Sharma, Kiran Mehta, Vishal Vyas and Vinod Kumar Shukla
Copyright: 2025   |   Status: Contracted
ISBN: 9781394242658  |  Hardcover  |  
218 pages

One Line Description
Unlock the potential of decentralized finance (DeFi) and blockchain with this
comprehensive guide that demystifies their transformative impact on industries,
providing cutting-edge insights for professionals, academics, and innovators.

Audience
Professionals in finance, technology, and blockchain industries, such as financial analysts, blockchain developers, fintech entrepreneurs, and business executives, as well as academic researchers, graduate students, and educators specializing in finance, blockchain, and decentralized technologies.

Description
In the ever-evolving digital age, the intersection of blockchain technology and decentralized finance (DeFi) is revolutionizing the global financial landscape in ways previously unimagined. This book drills into the dynamic interplay between these innovations, exploring how they are fundamentally reshaping the financial future. By eliminating traditional intermediaries, DeFi harnesses the inherent strengths of blockchain to forge a financial ecosystem that is more accessible, cost-efficient, and inclusive. This paradigm shift not only renders financial services more affordable but also extends them to previously underserved populations, particularly in regions where access to conventional banking has long been limited. As a result, blockchain and DeFi are not just transforming how we engage with financial systems—they are democratizing access, ensuring that opportunities for economic empowerment are within reach for all.
The chapters highlight diverse applications and implications of blockchain and DeFi, including their role in green finance, healthcare interoperability, and the transformation of marketing strategies. The work also investigates the economic impact of cryptocurrencies and explores the potential of decentralized finance to disrupt traditional banking systems. This book is a must-read for academics, financial practitioners, technologists, and policymakers, offering a comprehensive understanding of the technological, economic, and social implications of blockchain and DeFi. It is an essential resource for anyone interested in the future of financial systems and their potential to foster global economic inclusion.
Readers will find the book: offers an in-depth understanding of DeFi and blockchain, unraveling their core principles and mechanisms; examines the challenges and opportunities of DeFi and blockchain adoption, offering strategies for sustained innovation; explores real-world applications, such as decentralized exchanges, smart contracts, tokenized assets, and yield farming, showcasing their transformative potential; and discusses the evolving legal and regulatory frameworks for DeFi, ensuring readers understand compliance and risk management.

Back to Top
Author / Editor Details
Renuka Sharma, PhD is a Professor of Finance at Chitkara Business School with over 23 years of teaching and research experience. She has authored one and edited over 20 books, developed study materials and online courses, and presented at over 100 conferences on the subject of finance. Her research interests include FinTech, green finance, and blockchain.

Kiran Mehta, PhD is a professor and Dean of Finance at Chitkara Business School with over 23 years of teaching, research, and consultancy experience. She has published one book, five edited volumes, 12 case studies, and over 20 textbooks. Her areas of interest include FinTech, green finance, blockchain, and investment analysis.

Vishal Vyas, PhD is an assistant professor at the ABV-Indian Institute of Information Technology and Management and specializes in financial econometrics and finance. He consults with Indian small and medium enterprises on fundraising strategies, business plans, and financial products, and frequently contributes to faculty development programs and collaborative research with several institutions. His research focuses on financial risk management, derivatives, portfolio management, and investment analysis.

Vinod Kumar Shukla, PhD is an associate professor and Head of Academics for Engineering, Architecture, and Interior Design at Amity University with over 16 years of experience. He has authored numerous research papers published in esteemed journals and conferences, as well as edited books. His research interests include the semantic web, ontology, and the Internet of Things.

Back to Top

Table of Contents
Preface
1. A Comprehensive Analysis on Cross-Chain Interoperability in Blockchain
Cyriac Philip Alexander and Tabitha Durai
1.1 Introduction
1.1.1 Decentralized Finance (DeFi)
1.1.2 Blockchain
1.1.3 Cross-Chain Interoperability in Blockchain
1.2 Communication Protocol
1.2.1 Atomic Swap
1.2.2 Cross-Chain Communication
1.2.3 State Pinning
1.2.4 Cross-Chain Mechanisms
1.2.5 Notary Mechanism
1.2.6 Sidechain
1.2.7 Hash Lock
1.2.8 Distributed Private Key
1.3 Challenges of Cross-Chain Interoperability in Blockchain
1.3.1 Cross-Chain Interaction Protocol
1.3.2 Consortium Chain Extensibility
1.3.3 Privacy Leaking in Cross-Chain
1.3.4 Fairness in Cross-Chain Technologies
1.3.5 Wormhole Attack
1.3.6 Timing Attack
1.3.7 Fraud-Proof Attack
1.4 Implication to Investors
1.5 Implication to Regulators and Government
1.6 Trends and Future Development in Cross-Chain Interoperability
1.6.1 Hybrid Connectors
1.6.2 Supporting Technologies and Standards
1.6.3 Governance and Supervision
1.6.4 Data Model Innovation
1.6.5 Relationship with IT Technologies
1.7 Conclusion
References
2. Artificial Intelligence and Decentralized Finance
Asheetu Bhatia Sarin
2.1 Introduction
2.2 Background
2.2.1 Evolution of Blockchain
2.2.2 Decentralized Finance
2.3 Evolution of Artificial Intelligence
2.4 The Intersection of DeFi and AI
2.5 DeFi Real Life Examples
2.5.1 Nectar DAO – Token Weighted Voting with AI Analysis
2.5.2 PieDAO – AI-Managed Index Funds
2.6 Future Trends and Possibilities
2.6.1 Forecasting the Future of AI-DeFi Integration
2.6.1.1 Potential Areas of Growth and Innovation
2.6.1.2 Regulatory and Legal Considerations
2.7 Conclusion
2.7.1 Key Findings
2.7.2 Recommendation and Implications
References
3. Exploring the Synergy Between Fintech and Green Finance: A Catalyst for Sustainable Development
Renuka Sharma, Kiran Mehta and Yashica
3.1 Introduction
3.1.1 Climate Change and Sustainable Development
3.1.2 Fintech and Green Finance
3.1.3 Green Financing Strategies
3.2 Understanding the Fintech Landscape Today: Paving the Path for Sustainable Development
3.3 Fintech’s Evolution: Phases of Transformation and Future Horizons
3.3.1 Phase One: Digital Disruption (1998–2008)
3.3.2 Phase Two: Mobile and Social Adoption (2009–2014)
3.3.3 Phase Three: Relevance and Scale (2015–2021)
3.3.4 Phase Four: The Path Ahead (2022 and beyond)
3.4 Global Fintech Adoption Trends
3.5 Trends and Insights Across Diverse Sectors
3.5.1 Banking and Payments
3.5.1.1 Digital Payments: A Global Phenomenon
3.5.1.2 The Decline of Cash Usage
3.5.1.3 Regional Variances
3.5.1.4 India’s Unique Case
3.5.2 Lending and Credit
3.5.2.1 Global Momentum in Fintech Lending
3.5.2.2 India’s Remarkable Fintech Lending Growth
3.5.3 Wealth Management (Robo-Advisor)
3.5.4 Real Estate (Proptech)
3.5.4.1 Proptech’s Disruptive Potential
3.5.4.2 Proptech’s Financial Trajectory
3.5.4.3 Rental Revolution
3.5.4.4 Smart Buildings as the Foundation
3.5.4.5 Proptech’s Flourishing Ecosystem in Israel
3.5.4.6 The Promise of Proptech
3.5.5 Green Finance and Sustainability
3.5.5.1 Sustainable Economic Growth through Green Finance and Fintech
3.5.5.2 Unlocking Sustainable Development: Harnessing Fintech Opportunities
3.5.6 Challenges in Fintech Adoption for Green Finance: A Catalyst for Sustainable Development
3.5.6.1 Regulatory and Oversight Challenges
3.5.6.2 Incorporating Green Finance into Regulatory Frameworks
3.5.6.3 Data Privacy and Sustainability Reporting
3.5.7 Data Privacy and Security Concerns
3.5.8 Competition from Big Tech
3.5.9 Interest Rate Volatility
3.5.10 Collaborative Solutions
3.5.11 Conclusion
3.5.12 Recommendations
References
4. Decentralized Finance: Blockchain “Money Lego” System
Shivani Bajaj, Anupam Sharma and Ankit Saxena
4.1 Introduction
4.1.1 Understanding Decentralized Finance
4.2 Review of Literature and Methodology
4.2.1 Blockchain Technology
4.3 Problem Statement, Study Questions, and the Structure of Analysis
4.4 DeFi in the Real World
4.4.1 DeFi and its Main Benefits
4.4.2 Layers of DeFi: The Idea of Money Lego
4.4.3 Advantages and Opportunities of DeFi
4.4.4 Fundamental Risk Factors of DeFi
4.5 Results and Findings
References
5. Blockchain and Cryptocurrency: Introduction to Decentralized Finance (DeFi)
Sonal Trivedi, Vinita Choudhary and Neha Kamboj
5.1 Introduction
5.1.1 Key Characteristics of Decentralized Finance Include
5.1.2 Examples of Decentralized Finance
5.2 Blockchain Technology
5.2.1 Key Features of Blockchain Technology
5.2.2 Decentralized Finance and Blockchain
5.3 Cryptocurrency
5.3.1 Key Features of Cryptocurrencies
5.3.2 Decentralized Finance and Cryptocurrency
5.4 Relationship Between Blockchain and Bryptocurrency
5.5 Implications of Decentralized Finance
5.5.1 Relationship Between Decentralized Finance, Blockchain, and Cryptocurrency
5.5.2 Development of Blockchain, Cryptocurrency and Decentralized Finance
5.5.2.1 Blockchain
5.5.2.2 Cryptocurrency
5.5.2.3 Decentralized Finance
5.5.2.4 Process of Blockchain, Cryptocurrency and Decentralized Finance
5.5.3 Implementation of Decentralized Finance
5.6 Current Trends in Decentralized Finance
5.7 Future Scope in Decentralized Finance
5.8 Conclusion
References
6. Unraveling the Impact of Cryptocurrencies on the Indian Economy: A PESTLE Approach
Jyoti Verma, Gagandeep and Anjali Sharma
6.1 Introduction
6.2 Evolution of Cryptocurrency
6.2.1 Early Days of Bitcoin (2009–2013)
6.2.2 The Rise of Altcoins (2011–2015)
6.2.3 Smart Contracts and Ethereum (2015–Present)
6.2.4 Institutional Adoption and Regulatory Developments (2017–Present)
6.3 Blockchain Technology and its Role in Cryptocurrencies
6.4 Economic Implications of Cryptocurrency
6.5 PESTLE Analysis
6.5.1 Political Factors
6.5.2 Economic Factors
6.5.3 Sociocultural Factors
6.5.4 Technological Factors
6.5.5 Legal Factors
6.5.6 Environmental Factors
6.6 Conclusion
References
7. The Role of Blockchain in Disrupting Traditional Banking with Decentralized Finance
Tarun Kumar Vashishth, Vikas Sharma, Kewal Krishan Sharma, Bhupendra Kumar,
Sachin Chaudhary and Vineet Kaushik
Abbreviations
7.1 Introduction
7.1.1 Significance and Background of Blockchain Technology
7.1.2 Overview of Traditional Banking and its Limitations
7.1.3 Introduction to Decentralized Finance and its Potential Benefits
7.2 Blockchain Technology in Banking
7.2.1 Explanation of Blockchain Technique and its Key Features
7.2.2 Application of Blockchain in Traditional Banking Processes
7.2.3 Benefits and Issues to Use Blockchain in Traditional Banking
7.3 Decentralized Finance
7.3.1 Definition and Principles of DeFi
7.3.2 Overview of DeFi Ecosystem and its Components
7.3.3 Comparison of DeFi with Traditional Financial Systems
7.3.4 Advantages and Potential Risks of DeFi Applications
7.4 Disruptive Potential of Blockchain and DeFi in Traditional Banking
7.4.1 Disintermediation: Removing Intermediaries and Reducing Costs in Financial Transactions
7.4.2 Financial Inclusion: Outspreading Access to Financial Facilities to Unbanked and Underbanked Populations
7.4.3 Transparency and Security: Enhancing Trust and Reducing Fraud through Blockchain’s Immutability and Lucidity
7.4.4 Liquidity and Market Efficiency: Enabling New Forms of Asset Tokenization and Improving Market Liquidity
7.5 Challenges and Risks in Implementing Blockchain and DeFi in Banking
7.5.1 Regulatory and Compliance Disputes: Addressing Legal and Regulatory Frameworks for DeFi Applications
7.5.2 Security Concerns: Mitigating Risks Associated with S-Contract Weaknesses and Hacking Occurrences
7.5.3 Scalability and Interoperability: Overcoming Limitations in Blockchain Scalability and Ensuring Interoperability Between Different DeFi Platforms
7.5.4 Governance and Risk Management: Establishing Robust Governance Mechanisms and Risk Management Frameworks for DeFi Protocols
7.5.5 User Education and Adoption: Overcoming Barriers to User Understanding and Adoption of Blockchain and DeFi Applications
7.6 Future Perspectives and Recommendations
7.7 Conclusion
7.7.1 Recap of Key Findings and Insights
7.7.2 Summary of the Disruptive Potential of Blockchain and DeFi in Traditional Banking
7.7.3 Final Remarks for the Future of Banking with Non-Centralized Finance
References
8. Kinship of Decentralized Finance (DeFi) and Blockchain: Empowering Safe-Haven Assets
Chitra Devi Nagarajan and Jenifer Rajkumar
8.1 Introduction
8.2 DeFi as Safe-Haven Assets
8.2.1 DeFi Crypto Tokens
8.2.2 Stablecoins
8.2.3 Synthetic Assets
8.2.4 Wrapped Assets
8.3 Challenges of DeFi as Safe-Haven Assets and Blockchain Solutions
8.3.1 Transparency
8.3.2 Fraud
8.3.3 Volatility
8.3.4 Liquidity
8.3.5 Accountability
8.3.6 Regulations
8.3.7 Trust
8.3.8 Inflexibility
8.4 Conclusion
References
9. DeFi-Powered Marketing: Unleashing the Prowess of Decentralized Finance for Revolutionary Customer Experiences
Roop Kamal
9.1 Introduction to DeFi
9.1.1 Key Principles of DeFi
9.1.2 Decentralized Finance in Various Sectors
9.2 Traditional Financial Systems
9.2.1 Components of Traditional Financial Systems
9.2.2 Decentralized Finance in Traditional Financial Systems
9.3 Decentralized Finance in Marketing
9.3.1 Importance of Decentralized Finance in Marketing
9.3.2 Impact of Decentralized Finance in Marketing
9.4 Tokenized Incentives and Loyalty Programs
9.4.1 Functions of Tokenized Incentives and Loyalty Programs
9.4.2 Importance of Tokenized Incentives and Loyalty Programs
9.5 Decentralized Advertising Networks Due to Decentralized Finance
9.5.1 Challenges and Advantages of Decentralized Advertising Networks
9.6 Groundbreaking Potential of Smart Contract-Driven Campaigns
9.6.1 Advantages of using Smart Contracts to Streamline Marketing Processes
9.7 Community Funding and Crowdfunding Initiatives in Marketing
9.7.1 Impact of Community Funding and Crowdfunding on Marketing
9.8 Decentralized Finance’s Blockchain in Marketing
9.8.1 Impact of Decentralized Finance’s Blockchain in Marketing
9.8.2 Challenges of Decentralized Finance-Powered Marketing
9.9 Regulatory Compliance in Decentralized Finance-Powered Marketing
9.10 Conclusion
References
10. The Finance Face-Off: Decentralized Finance and Centralized Finance Explained
Gitika Arora and C. A. Nitin Arora
10.1 Introduction
10.2 Centralized Finance
10.2.1 Overview and Characteristics of Centralized Finance
10.2.2 Key Players in Centralized Finance
10.2.3 Advantages of Centralized Finance
10.2.4 Disadvantages of Centralized Finance
10.3 Decentralized Finance
10.3.1 Overview and Characteristics of Decentralized Finance
10.3.2 Key Players in Decentralized Finance
10.3.3 Advantages of Decentralized Finance
10.3.4 Disadvantages of Decentralized Finance
10.4 Difference Between Centralized Finance and Decentralized Finance
10.5 Case Study Analysis
10.5.1 Case Study of Uniswap–Decentralized Exchange
10.5.1.1 Overview and Characteristics of Uniswap
10.5.1.2 Advantages of Uniswap
10.5.1.3 Disadvantages of Uniswap
10.5.2 Case Study on Centralized Finance–Binance
10.5.2.1 Overview and Characteristics of Binance
10.5.2.2 Advantages of Binance
10.5.2.3 Disadvantages of Binance
10.6 Conclusion and Recommendations
References
11. An Empirical Study of Environmentally Efficient Precursors of Green Foreign Direct Investment to Achieve Sustainable Development
Manoj Mishra and Shefali Saluja
11.1 Introduction
11.2 Review of Literature
11.2.1 Green FDI
11.2.2 Conceptual Framework of Antecedents to Attract Green FDI
11.3 Research Methodology
11.3.1 Objectives of the Study
11.3.2 Universe and Population of the Study
11.3.3 Sample and Response Rate of the Study
11.3.4 Sources of Data Collection
11.3.5 Statistical Techniques Used in the Study
11.4 Data Analysis and Interpretation
11.4.1 To Identify Antecedents in Attracting Green FDI into the Country
11.4.2 To Identify Environmentally Efficient Antecedents
11.4.2.1 Measurement Model
11.4.2.2 Structural Model
11.4.3 Impact of Environmentally Efficient Antecedents on Green FDI and Sustainable Development
11.4.3.1 Measurement Model
11.4.3.2 Structural Model (Path Model)
11.5 Results and Conclusion
References
12. AI and Blockchain in Healthcare: A Systematic Literature Review through Network Analysis
Payal Bassi, Cheenu Goel and Pankaj Kathuria
12.1 Introduction
12.2 Review of Literature
12.3 Research Methodology
12.4 Data and Network Analysis
12.4.1 Depictive Analysis
12.4.1.1 Substantive Information
12.4.1.2 Year-Wise Publication
12.4.1.3 Publications by Type
12.4.1.4 Publications by Source
12.4.2 Bibliometric Analysis
12.4.2.1 Publications Based on Documents by Author
12.4.2.2 Authors’ Productivity Overtime
12.4.2.3 Local Impact of Authors
12.4.2.4 Local Impact of Sources
12.4.3 Scientific Production of Countries
12.4.3.1 Publication Based on Countries
12.4.3.2 Country-Wise Scientific Production of Research Documents
12.4.3.3 Corresponding Author’s Countries
12.4.3.4 Top 10 Most Contributing Organizations
12.4.3.5 Keyword Analysis
12.4.3.6 Network Analysis
12.4.3.7 Bibliographic Coupling of Documents
12.4.3.8 Bibliographic Coupling of Authors
12.4.3.9 Bibliographic Coupling of Countries
12.4.3.10 Co-Citation with Cited Authors
12.5 Conclusion
References
Index

Back to Top



Description
Author/Editor Details
Table of Contents
Bookmark this page