BEIJING, CHINA / ACCESSWIRE / June 10, 2019 / Blockchain finance shows a positive improvement in the traditional finance pattern.
Financial institutions are connected by data flows and capital flows. All acts in financial ecology are performed through capital flows and reflected in flow trajectories. It is fair to say that the capital flow is the blood of a financial system. Capital flows occur together with the generation, receipt and flow of data, which is called as data flow.
In the traditional financial system, data flows and capital flows are blocked due to the relative isolation among institutions and among regions. Capital island (premium) and data island (information asymmetry) accordingly took place.
This issue can be solved by blockchain technology, which naturally meets the financial demands thanks to its features of decentralization, tamper-resisted, data transparency, and consensus mechanism.
DeFi, trend of future financial development
DeFi, i.e. Decentralized Fintech, refers to a type of fintech that has been decentralized. It forms new business patterns such as digital currency payment, stable coin, digital currency lending, and digital currency asset management by choosing and combining corresponding financial data and protocols based on the underlying consensus mechanism in public blockchains.
DeFi is a disruptive innovation in the financial sector. It positively improves the traditional financial pattern and represents the trend of future financial development.
The underlying technology of DeFi is public blockchain and decentralized storage. The base protocol of DeFi can be divided into financial protocol and data protocol depending on whether it is relevant to capital flows or data flows. Financial protocol is the realization of capital flows. These two kinds of chain protocols can serve as the carrier of capital flows or data flows and facilitate capital flows or data flows in financial system with the underlying technology of blockchain. In this way, unblocked capital flows and data flows in the traditional financial system can become smooth.
DFG, i.e. Decentralized Finance Group, has developed strong technical strength, marketability and a large scale of users thanks to our first-mover advantage and experience of deep ploughing in digital currency sector. The digital currency financial holding group starts taking shape. DFG makes an early layout of DeFi and aims to lead and promote the realization of DeFi as "consciously evolving" ecology.
DFG - leader in future finance DeFi
DFG, Digital Currency Financial Holding Group, integrates digital assets investment, exchange ecology and global payment system. DFG was founded by world-class hackers and experts in various fields such as quantitative finance, blockchain and cryptography. They have worked as senior executive managers in top institutions including Goldman Sachs, Citigroup, Google, Tesla, etc. and have accumulated rich career experience in fintech and developed global perspectives.