Authors :
Chetankumar Prajapati
Volume/Issue :
Volume 10 - 2025, Issue 5 - May
Google Scholar :
https://tinyurl.com/5693c5wy
DOI :
https://doi.org/10.38124/ijisrt/25may1833
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
This paper investigates the global awareness and understanding of Decentralized Finance (DeFi) by analyzing the
perceptions of diverse demographic groups. Using a qualitative methodology based on interviews with blockchain professionals
and users from multiple countries, this study identifies knowledge gaps, regional differences, and educational factors impacting
DeFi adoption. The findings indicate that while awareness is increasing in technologically advanced regions, substantial
educational and infrastructural barriers persist in developing countries. Participants shared varied experiences ranging from
comprehensive DeFi usage to initial confusion regarding its core concepts, highlighting the uneven distribution of blockchain
literacy. Moreover, cultural perceptions, local economic conditions, and trust in traditional financial systems significantly
influence the degree of DeFi adoption. Key factors such as language accessibility, availability of localized content, community
engagement, and government stance on digital assets also contribute to shaping user attitudes. This paper contributes to the
growing body of literature on DeFi by offering practical insights into how global awareness initiatives can support equitable
adoption and engagement with decentralized financial systems. It further emphasizes the importance of coordinated efforts
between industry stakeholders, educators, and regulators to design scalable and inclusive educational programs that address
global disparities in DeFi comprehension and foster informed participation in the decentralized financial landscape.
Keywords :
Decentralized Finance (DeFi), Global Awareness, Blockchain Literacy, Digital Inclusion, Crypto Education, Financial Technology, Emerging Markets, Socioeconomic Barriers, Trust in Institutions, Fintech Adoption.
References :
- Ozili, P. K. (2022). Decentralized finance: Innovations, risks, and challenges. Journal of Financial Technology, 4(1), 15–32.
- Ramos, C., & Zanko, M. (2020). Education and blockchain awareness: A global study. International Journal of Digital Finance, 3(2), 145–160.
- Taherdoost, H. (2023). Understanding technology adoption through digital literacy. Journal of Information Systems and Technology Management, 20(1), 22–38.
- Prajapati, C. (2025). Decentralized finance (DeFi) and cryptocurrencies: The latest thinking of people towards the blockchain and FinTech industry (Publication No. 3204323253) [Doctoral dissertation, University of the Cumberlands]. ProQuest Dissertations & Theses Global. https://www.proquest.com/dissertations-theses/decentralized-finance-defi-cryptocurrencies/docview/3204323253/se-2
- Prajapati, C. (2025). AI and blockchain integration in finance. International Journal of Innovative Science and Research Technology, 10(3), 2537–2538. https://doi.org/10.38124/ijisrt/25mar1105
This paper investigates the global awareness and understanding of Decentralized Finance (DeFi) by analyzing the
perceptions of diverse demographic groups. Using a qualitative methodology based on interviews with blockchain professionals
and users from multiple countries, this study identifies knowledge gaps, regional differences, and educational factors impacting
DeFi adoption. The findings indicate that while awareness is increasing in technologically advanced regions, substantial
educational and infrastructural barriers persist in developing countries. Participants shared varied experiences ranging from
comprehensive DeFi usage to initial confusion regarding its core concepts, highlighting the uneven distribution of blockchain
literacy. Moreover, cultural perceptions, local economic conditions, and trust in traditional financial systems significantly
influence the degree of DeFi adoption. Key factors such as language accessibility, availability of localized content, community
engagement, and government stance on digital assets also contribute to shaping user attitudes. This paper contributes to the
growing body of literature on DeFi by offering practical insights into how global awareness initiatives can support equitable
adoption and engagement with decentralized financial systems. It further emphasizes the importance of coordinated efforts
between industry stakeholders, educators, and regulators to design scalable and inclusive educational programs that address
global disparities in DeFi comprehension and foster informed participation in the decentralized financial landscape.
Keywords :
Decentralized Finance (DeFi), Global Awareness, Blockchain Literacy, Digital Inclusion, Crypto Education, Financial Technology, Emerging Markets, Socioeconomic Barriers, Trust in Institutions, Fintech Adoption.
