Effectiveness of multi-stakeholder discussions for decentralized finance: A conference report of codefi 2020

Abstract

After the invention of Bitcoin[1], the decentralization of the finance system became a big trend in technology, business, and regulation points of view. On the one hand, the decentralization manner of technology development is the right solution for innovation dilemma, but on the other hand, it makes for regulators to achieve regulatory goals. This is an existing problem for communication technology, especially for the global Internet, but this is a new problem for the financial industry and regulators. Lack of well-organized collaboration among stakeholders, there were many scams, and financial crimes were occurred based on blockchain technology. This article summarizes the needs of multi-stakeholder discussion, the background of the CoDeFi 2020 workshop, and unconference style discussions by all stakeholders.