Deputy Secretary for Financial Services and the Treasury of Hong Kong: The infrastructure of the DeFi system relies on secure oracles to operate

Odaily News At the 2024 Hong Kong SmartCon held by ChainLink, Chan Ho-lim, Deputy Secretary for Financial Services and the Treasury of Hong Kong, highly praised ChainLink for its technical support as an oracle for decentralized finance, blockchain networks, and open source technology infrastructure. The role of oracles in connecting blockchain networks to off-chain data and computing resources is crucial. He said, "Decentralized finance (DeFi) pays great attention to consistency and anti-fragility, and the entire DeFi infrastructure relies on secure oracles to operate." In addition, he mentioned that the number of fintech and Web3 companies in Hong Kong exceeds 1,100, an increase of about 15% compared to last year. Hong Kong is promoting the development of top financial services, which will reshape the future financial landscape.