CHRISTO DE WIT: DeFiant crypto applications
Financial rule writers could never have imagined self-executing software code displacing traditional financial players
19 June 2025 - 05:00
Traditional companies have founders, employees and service providers managing daily operations. Decentralised companies only have founders. Instead, programmable smart contracts on blockchains handle everything humans do in centralised companies: clearing transactions, checking orders, managing any definable parameter against set criteria.
This fundamentally differs from our current financial system, which relies on CEOs, executive boards, employees, and often public shareholders to run businesses. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.