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‘Real World DeFi’ refers to a decentralized project that can be used to solve everyday issues affecting people globally, and in that sense, there currently exist just a select few DeFi applications that actually have the potential to facilitate real-world change. Centrifuge and MakerDAO are two examples of projects that fit the bill perfectly, with the latter having paved the way for other similar projects since it was the first to feature its very own stablecoin that could be used for things like payments, invoice issuance, transfer of assets — all using crypto assets. Centrifuge helps bridge the gap that currently exists between the digital token market, DeFi and physical assets such as real estate.
In addition to all of the features that have been outlined above, it also bears highlighting that Centrifuge’s privacy-enabled NFTs are designed to serve as tokenized representations of individual assets, thereby allowing for some of their attributes to be stored on a peer-to-peer (p2p) protocol as well as a public, decentralized ledger. As a result of such a unique structure, it is possible for users to share their data with third parties on a totally need-to-know basis.
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