Hong Kong Official Praises ChainLink's Role in DeFi at 2024 SmartCon Conference

According to Odaily, during the 2024 Hong Kong SmartCon conference hosted by ChainLink, Hong Kong's Deputy Secretary for Financial Services and the Treasury, Chen Haolian, commended ChainLink for its technical support in decentralized finance (DeFi), blockchain networks, and open-source technology infrastructure. He emphasized the critical role of oracles in connecting blockchain networks to off-chain data and computational resources. Chen stated, 'Decentralized finance (DeFi) places a high value on consistency and anti-fragility, and the entire DeFi infrastructure relies on secure oracles to operate.' Additionally, he mentioned that the number of fintech and Web3 companies in Hong Kong has exceeded 1,100, marking an approximate 15% increase compared to last year. Hong Kong is actively promoting the development of top-tier financial services, which is expected to reshape the future financial landscape.