DeFi, or decentralized finance, is a broad term for a number of financial applications based on blockchain technology. Alexander Pack, a venture capitalist focused on the cryptocurrency space, explains why DeFi has the potential to reshape many of the financial services we use every day.

Forbes Defined is an original show where industry experts define and contextualize the buzziest and most often misunderstood terms and concepts of today. This straight-to-camera series puts the expert in the professor’s seat, allowing them to teach our audience in an accessible, video-first format. In Season 2, Forbes will cover everything from Lidar to UBI and even the MPA Rating System. Tune in every Monday at 4pm for a new episode.

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