Decentralization Technologies

This book connects decentralization technologies with the world of finance and financial services. Increasingly, the financial sector is data-driven, with tensionsarising between technical innovations and regulators' and consumers' expectations. Fundamentally, financial markets are competitive data markets. The authors of this edited book first identify where changes in the regulatory and business regime give rise to novel requirements and needs for these data markets. Next, the authors introduce three key decentralization technologies -decentralizeddigital identities, distributed ledger technologies, and federated learning. They discuss privacy-enhancing technologies such as zero-knowledge proofsand illustrate the demands of practical applications. The authorsfurtherprovide explicit application examples to illustrate where and how these decentralization technologies allow to reflect business, customer, and regulatory requirements amid competitive markets. The volume concludes with an outlook on governance and the sustainability implications of decentralization.