The technical core of DeFi (Decentralized Finance) is a secure multi-party computation system based on blockchain technology. The goal of DeFi projects is to leverage world-leading technologies and engineering capabilities to evolve from a distributed version of Sesame Credit to an Ant Financial service operating on the blockchain, serving the 2 billion people in Southeast Asia who are currently underserved by traditional financial services. This approach aligns with the original mission of blockchain technology: to serve the next billion users.
In B2B scenarios, DeFi can facilitate data sharing among financial institutions, which can help reduce the operational risks associated with bad debts and improve profits. It can also enhance sales conversion rates, thereby increasing revenue. In C2C scenarios, the personal data wallet feature of DeFi returns data ownership to individuals, allowing them to benefit from the value generated by the use of their data. These two scenarios are interconnected, and multi-party secure computation technology based on blockchain can address issues of mutual distrust among data owners. It ensures data security and privacy while enabling both institutions and individuals to participate in secure computations together.