{"id":162075,"date":"2022-03-09T06:00:00","date_gmt":"2022-03-09T11:00:00","guid":{"rendered":"https:\/\/www.ict-pulse.com\/?p=162075"},"modified":"2022-03-09T06:16:55","modified_gmt":"2022-03-09T11:16:55","slug":"ictp-194-defi-and-how-it-will-revolutionise-how-we-manage-our-money-with-kimberly-adams-of-bridge-network","status":"publish","type":"post","link":"https:\/\/ict-pulse.com\/2022\/03\/ictp-194-defi-and-how-it-will-revolutionise-how-we-manage-our-money-with-kimberly-adams-of-bridge-network\/","title":{"rendered":"ICTP 194:  DeFi, and how it will revolutionise how we manage our money, with Kimberly Adams of Bridge Network"},"content":{"rendered":"\n<p><em>Decentralised Finance, or DeFi, is taking the world by storm, and seems to be among the fastest growing fintech segments. Kimberly Adams, of Bridge Network, helps us to better understand: what DeFi is and ways in which it can be leveraged; the impact DeFi <em>could<\/em><\/em> <em>have on the Caribbean region; and at the same time, how ready the Caribbean region is for DeFI.<\/em><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"166\" scrolling=\"no\" frameborder=\"no\" allow=\"autoplay\" src=\"https:\/\/w.soundcloud.com\/player\/?url=https%3A\/\/api.soundcloud.com\/tracks\/1229006752&amp;color=%23ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false&amp;show_teaser=true\"><\/iframe><div style=\"font-size: 10px; color: #cccccc;line-break: anywhere;word-break: normal;overflow: hidden;white-space: nowrap;text-overflow: ellipsis; font-family: Interstate,Lucida Grande,Lucida Sans Unicode,Lucida Sans,Garuda,Verdana,Tahoma,sans-serif;font-weight: 100;\"><a href=\"https:\/\/soundcloud.com\/user-673719274\" title=\"ICT Pulse Podcast\" target=\"_blank\" style=\"color: #cccccc; text-decoration: none;\" rel=\"noopener\">ICT Pulse Podcast<\/a> \u00b7 <a href=\"https:\/\/soundcloud.com\/user-673719274\/ictp-194-defi-and-how-it-will\" title=\"ICTP 194: DeFi, and how it will revolutionise how we manage our money, with Kimberly Adams, of Bridge Network\" target=\"_blank\" style=\"color: #cccccc; text-decoration: none;\" rel=\"noopener\">ICTP 194: DeFi, and how it will revolutionise how we manage our money, with Kimberly Adams, of Bridge Network<\/a><\/div><\/p>\n\n\n\n<p><strong>This episode is also available on <a href=\"https:\/\/soundcloud.com\/user-673719274\" target=\"_blank\" rel=\"noreferrer noopener\">SoundCloud<\/a>,&nbsp;<a href=\"https:\/\/itunes.apple.com\/us\/podcast\/ict-pulse-podcast\/id1373550291\" target=\"_blank\" rel=\"noreferrer noopener\">Apple iTunes<\/a>, <a href=\"https:\/\/playmusic.app.goo.gl\/?ibi=com.google.PlayMusic&amp;isi=691797987&amp;ius=googleplaymusic&amp;apn=com.google.android.music&amp;link=https:\/\/play.google.com\/music\/m\/Icau5acn2xiyl5yjuh7orl2mt54?t%3DICT_Pulse_Podcast%26pcampaignid%3DMKT-na-all-co-pr-mu-pod-16\" target=\"_blank\" rel=\"noreferrer noopener\">Google Play Music<\/a>, <a href=\"https:\/\/open.spotify.com\/show\/3d0U4ZYX80e5lenYLdzyX4\" target=\"_blank\" rel=\"noreferrer noopener\">Spotify<\/a>, <a href=\"https:\/\/music.amazon.com\/podcasts\/3f727ec1-de7d-416f-8bdc-31d9a911a09e\/ict-pulse-podcast\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"Amazon Podcast\">Amazon Music<\/a> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">(NEW!)<\/mark> and on <a href=\"https:\/\/www.stitcher.com\/podcast\/ict-pulse-podcast?refid=stpr\" target=\"_blank\" rel=\"noreferrer noopener\">Stitcher<\/a>!<\/strong><\/p>\n\n\n\n<p>Two recurring themes in many of our podcast episodes this year, which also seems to be a growing trend, is democratisation and decentralisation \u2013 across a broad range of systems. &nbsp;In many instances, control of systems, processes, platforms and applications is shifting away from a central unit or hub, and increasingly, the decisions and transactions are being effected directly between end-users, without need for an intermediary, or a third party to approve transactions.<\/p>\n\n\n\n<p>Blockchain technology is one of the key drivers of the democratisation and decentralisation trend, and as such is evident in areas such as cryptocurrencies, non-fungible tokens (NFTs) and decentralised finance.<\/p>\n\n\n\n<p>Decentralised Finance, or DeFi, is an emerging digital financial infrastructure, which \u2013 at least in theory \u2013 eliminates the need for an intermediary, such as banks, central bank, brokerage firms for financial exchanges to approve financial transactions. DeFi platforms facilitate peer-to-peer transactions, including but not limited to: the lending or borrowing funds, trading cryptocurrencies; insuring against risks; earning interest in savings-like accounts; and speculating on price movements on assets using derivatives. According to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-20\/defi-tops-100-billion-for-first-time-as-cryptocurrencies-surge\" target=\"_blank\" rel=\"noreferrer noopener\">Bloomberg<\/a>, and as of October 2021, the value of assets used in decentralized finance amounted to USD 100 billion.<\/p>\n\n\n\n<p>In this podcast episode, we will be discussing DeFi generally, and will be highlighting Bridge Network, a Barbados-based business, that seeks to be a decentralized cross-chain hub for the DeFi ecosystem.<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Introducing our guest<\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright size-full is-resized\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"162073\" data-permalink=\"https:\/\/ict-pulse.com\/kimberly-adams-k-adams_cropped\/\" data-orig-file=\"https:\/\/i0.wp.com\/ict-pulse.com\/wp-content\/uploads\/2022\/03\/Kimberly-Adams-K-Adams_cropped.jpeg?fit=640%2C640&amp;ssl=1\" data-orig-size=\"640,640\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Kimberly-Adams-K-Adams_cropped\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ict-pulse.com\/wp-content\/uploads\/2022\/03\/Kimberly-Adams-K-Adams_cropped.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ict-pulse.com\/wp-content\/uploads\/2022\/03\/Kimberly-Adams-K-Adams_cropped.jpeg?fit=640%2C640&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/fgd.dfv.mybluehost.me\/.website_c81a1e61\/wp-content\/uploads\/2022\/03\/Kimberly-Adams-K-Adams_cropped.jpeg?resize=300%2C300&#038;ssl=1\" alt=\"\" class=\"wp-image-162073\" width=\"300\" height=\"300\" srcset=\"https:\/\/i0.wp.com\/ict-pulse.com\/wp-content\/uploads\/2022\/03\/Kimberly-Adams-K-Adams_cropped.jpeg?w=640&amp;ssl=1 640w, https:\/\/i0.wp.com\/ict-pulse.com\/wp-content\/uploads\/2022\/03\/Kimberly-Adams-K-Adams_cropped.jpeg?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/ict-pulse.com\/wp-content\/uploads\/2022\/03\/Kimberly-Adams-K-Adams_cropped.jpeg?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/ict-pulse.com\/wp-content\/uploads\/2022\/03\/Kimberly-Adams-K-Adams_cropped.jpeg?resize=440%2C440&amp;ssl=1 440w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption>Kimberly Adams<\/figcaption><\/figure><\/div>\n\n\n\n<p><strong><a href=\"https:\/\/www.linkedin.com\/in\/kimberlyadams15\/\" target=\"_blank\" rel=\"noreferrer noopener\">Kimberly Adams<\/a><\/strong> is the Co-Founder of Bridge Network, a cross-chain super decentralised application (dApp) protocol focused on building tools for cross-chain transactions. With over seven years in crypto growth strategy and product development, Kimberly has successfully taken crypto exchange Smart Valor to profit, and has worked alongside the innovators behind the concept of central bank digital currencies (CBDCs) at bitt.com.<\/p>\n\n\n\n<p>Kimberly is mostly known for her work at DigitalBits Foundation, a layer 1 focused on branded currencies, in which she restructured the organisation and contributed to the tremendous growth in her short time there. Kimberly exited DigitalBits Foundation to build Bridge Network, and has since deployed three cross-chain tools, which amassed more than 300,000 transactions less than two weeks of launching.<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Insights into our conversation<\/h2>\n\n\n\n<p>DeFi is a really exciting segment of the fintech space, and it appears to have considerable potential for the Caribbean region \u2013 for individual users, entrepreneurs and start-ups, and even more seasoned businesses. However, and as Kimberly highlighted during our discussion, the region has not yet begun to have the conversations needed in order to establish the requisite policies and structures that could allow DeFi to thrive.<\/p>\n\n\n\n<p>Clearly, there is still a lot of scepticism and concern around blockchain technology, which to a considerable degree, has its source among policymakers and the traditional financial services sector. However, platforms and services that are leveraging blockchain tend to offer greater transparency and accountability for similar services provided by traditional banks and financial institutions, which in turn is driving the considerable growth that is being experience in the fintech space.<\/p>\n\n\n\n<p>Below is a list of key questions posed to Kimberly during our conversation:<\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"1\"><li>So, to start us off, what is decentralised finance, and how does it work?<\/li><li>Tell about your entrepreneurial journey, and how you arrived at Bridge Network?<\/li><li>Talk to us about Bridge Network. When was it established, and what is the problem it is trying to solve?<\/li><li>What are the products or services Bridge Network is bringing to market?<\/li><li>How is DeFi useful in borrowing and lending?<\/li><li>From the Caribbean context, what impact could DeFi have?<\/li><li>What are some of the challenges or disadvantages of DeFi?<\/li><li>How ready is the Caribbean region for DeFI?<\/li><\/ol>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>We would love to hear from you!<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\">Do leave us a comment either here beneath this article, or on our <a href=\"https:\/\/www.facebook.com\/ICTPulse\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Facebook<\/strong><\/a> or <a href=\"https:\/\/www.linkedin.com\/company\/ict-pulse-consulting-limited\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>LinkedIn<\/strong><\/a> pages, or via Twitter, <a href=\"https:\/\/twitter.com\/ICTPulse\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>@ICTPulse<\/strong><\/a>.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>Also, if you or a member of your network is interested in joining us for an episode, <a href=\"https:\/\/fgd.dfv.mybluehost.me\/.website_c81a1e61\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">do get in touch<\/a>. <br>Let\u2019s make it happen!<\/em><\/strong><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"select-links\">Select links<\/h2>\n\n\n\n<p>Below are links to some of the organisations and resources that either were mentioned during the episode, or otherwise, might be useful:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.linkedin.com\/in\/kimberlyadams15\/\" target=\"_blank\" rel=\"noreferrer noopener\">Kimberly Adams<\/a><\/li><li><a href=\"https:\/\/www.bridgenetwork.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bridge Network<\/a><\/li><li>The Nassau guardian article, <a href=\"https:\/\/thenassauguardian.com\/cryptocurrencies-nfts-could-pose-new-aml-cft-risks-notes-ag\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Cryptocurrencies, NFTs could pose new AML\/CFT risks, notes AG<\/em><\/a><\/li><li>Time article, <a href=\"https:\/\/time.com\/6146749\/cryptocurrency-laundering-bitfinex-hack\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Inside the Chess Match That Led the Feds to $3.6 Billion in Stolen Bitcoin<\/em><\/a> &nbsp;<\/li><li>New York Times article, <a href=\"https:\/\/www.nytimes.com\/2022\/02\/13\/nyregion\/bitcoin-bitfinex-hack-heather-morgan-ilya-lichtenstein.html\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Inside the Bitcoin Laundering Case That Confounded the Internet<\/em><\/a><\/li><li><a href=\"https:\/\/testnet.bridgenetwork.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bridge Network Testnet<\/a><\/li><\/ul>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><em>Images credit:&nbsp; K Adams;&nbsp; <a href=\"https:\/\/www.flickr.com\/photos\/money-transfers\/\">Monito <\/a><a href=\"https:\/\/www.flickr.com\/photos\/money-transfers\/\" target=\"_blank\" rel=\"noreferrer noopener\">&#8211; Money Transfer Comparison<\/a> (flickr); <a href=\"https:\/\/flickr.com\/photos\/30478819@N08\/\" target=\"_blank\" rel=\"noreferrer noopener\">Marco Verch Professional Photgrapher<\/a> (flickr); Austin Distel (<a href=\"http:\/\/unsplash.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Unsplash<\/a>); Gerd Altmann (<a href=\"http:\/\/pixabay.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Pixabay<\/a>)<\/em><\/p>\n\n\n\n<p><em>Music credit: The Last Word (Oui Ma Che\u0301rie), by Andy Narrell<\/em> <\/p>\n\n\n\n<p><em>Podcast editing support:  Mayra Bonilla Lopez<\/em><\/p>\n\n\n\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Decentralised Finance, or DeFi, is taking the world by storm, and seems to be among the fastest growing fintech segments. Kimberly Adams, of Bridge Network, helps us to better understand: what DeFi is and ways in which it can be leveraged; the impact DeFi could have on the Caribbean region; and at the same time, how ready the Caribbean region is for DeFI.<\/p>\n","protected":false},"author":2,"featured_media":162074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[355],"tags":[336,71,358,357,15],"class_list":["post-162075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcast","tag-blockchain","tag-businesses","tag-financial-technology","tag-interviews","tag-trends","et-has-post-format-content","et_post_format-et-post-format-standard"],"jetpack_publicize_connections":[],"aioseo_notices":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ict-pulse.com\/wp-content\/uploads\/2022\/03\/Featured-Image-DeFi-Kimberly-Adams.jpg?fit=1024%2C576&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p2iE1G-Ga7","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/ict-pulse.com\/wp-json\/wp\/v2\/posts\/162075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ict-pulse.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ict-pulse.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ict-pulse.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ict-pulse.com\/wp-json\/wp\/v2\/comments?post=162075"}],"version-history":[{"count":5,"href":"https:\/\/ict-pulse.com\/wp-json\/wp\/v2\/posts\/162075\/revisions"}],"predecessor-version":[{"id":162092,"href":"https:\/\/ict-pulse.com\/wp-json\/wp\/v2\/posts\/162075\/revisions\/162092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ict-pulse.com\/wp-json\/wp\/v2\/media\/162074"}],"wp:attachment":[{"href":"https:\/\/ict-pulse.com\/wp-json\/wp\/v2\/media?parent=162075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ict-pulse.com\/wp-json\/wp\/v2\/categories?post=162075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ict-pulse.com\/wp-json\/wp\/v2\/tags?post=162075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}