The technical core of Defi (Decentralized Finance, decentralized finance) is a secure multi-party computing system based on blockchain. Ant Financial on the blockchain serves the 2 billion ordinary people in Southeast Asia who have not been covered by traditional financial services, returning to the original intention of serving the next billion on the blockchain.
In the 2B application scenario, Defi can promote data sharing among financial institutions. On the one hand, it can reduce the operational risk caused by bad debts and increase profits; on the other hand, it can increase sales conversion rate and increase revenue. In the 2C application scenario, Defi's personal data wallet function realizes the return of data ownership to individuals, so that individuals can enjoy the benefits brought about by the use of data. The two scenarios are linked with each other, and the blockchain-based multi-party secure computing technology can solve the problem of mutual mistrust among data owners. On the premise of ensuring data security and privacy, institutions and individuals can jointly participate in multi-party secure computing.