Babbitt SheKnows Coin Research Institute: DeFi will not replace traditional finance in the short term, and both will penetrate each other in the long run.

On the evening of June 13, the representatives of the Credit Research Institute team said in the second half of the fourth phase of SheKnows that DeFi will not replace traditional finance in the short term, and both will penetrate each other in the long run. We now see the blockchain's native application want to grab the traditional financial cake, and the traditional financial industry is also trying to use the blockchain to transform some links, the two genes are not the same. In the long run, the two "worlds" are expected to get together, or at least the boundaries between the two "worlds" should become permeable. For products in the traditional financial world, we expect that key pricing mechanisms such as insurance, asset management and even LIBOR will undergo major reforms based on blockchain technology in the next 10 years.