DeFi: “No central authority controls them”

New technologies have entered the financial sector with force. Decentralised Finance (DeFi) is the spearhead of a fintech revolution that is ousting traditional banking. As Albert Chic, a member of the 11Onze team of agents, explains, we are facing a paradigm shift.


The decentralisation of the financial system is already a palpable reality. The rise of cryptocurrencies seems unstoppable and even central banks are launching their own digital currencies in order not to lose relevance in a world that they had controlled, but which they are gradually seeing slip out of their hands. “It’s a paradigm shift, no central authority controls them,” says Chic.

The agility provided by the combination of technology and financial services is taking over a market that is especially young, hyper-connected, and has never understood the slowness, unnecessary complication, and exorbitant fees associated with traditional banking. Moreover, many of these new financial tools are based on blockchain technology, which makes them more secure when it comes to protecting us from cyber-attacks. As Albert Chic explains, “so far, they have proven to be more resilient networks against cyber attacks“.

Today, there is practically a decentralised alternative for most financial services. If you want to know more, watch the video below, where Albert Chic explains it briefly.

11Onze is the community fintech of Catalonia. Open an account by downloading the super app El Canut for Android or iOS and join the revolution!

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  1. Joan Santacruz CarlúsJoan Santacruz Carlús says:
  2. Pere SorianoPere Soriano says:

    Gràcies per la informació.

    • Jordi CollJordi Coll says:

      Faltaria, estem aquí per informar a la Comunitat de 11Onze. Moltes gràcies pel teu comentari, Pere!!!

      2 years ago
  3. alicia Coiduras Charlesalicia Coiduras Charles says:
  4. Mercè ComasMercè Comas says:

    Complicat, pero com que no es tracta de fer un exàmen, pregunto: aquestes tecnologies deixen completament fora la persona?
    Per exemple, a l’hora de demanar un crèdit només es tè en compte el perfil del contractant q respon a les preguntes d’una màquina?
    No hi ha marge de negociació o de rectificació?

    • AlbertAlbert says:

      Totes les regles, obligacions i drets, estan inclosos als contractes intel·ligents, que són públics i inalterables. Quan el servei és controlat per una DAO (Decentralized Autonomous Organization), sí que t’hi pots dirigir, perquè és una organització de persones, però que es regeix pels principis DeFi. Per tant, el marge de negociació o rectificació depèn del servei, depèn de si aquest servei és gestionat per una DAO i depèn també de si el servei és totalment descentralitzat o parcial. És certament complex.
      Gràcies per plantejar-ho, Mercè!

      2 years ago
  5. Manuel Bullich BuenoManuel Bullich Bueno says:

    Gràcies Albert, 0er e picar-nos d’una manera planera les noves tecnologies. Desitjant q el Canut ofereixi aquest producte.

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