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What is ‘DeFi’, and how might the blockchain tech behind bitcoin cost bankers their jobs?

Imagine a world where you can purchase a house directly from the seller, without needing to go through banks, lawyers and real estate agents.

That idea sounds like heaven for some people.

It might be possible to cut out all those middlemen one day, thanks to an idea called de-centralised finance (“DeFi”) — which runs on blockchain (a technology that powers digital currencies like bitcoin).

This recent prediction from an English professor (specialising in blockchain) sums up what the future could look like:

“For example, you will probably be able to purchase a piece of land or house on a

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