Zhu Jiawei: CeFi is suitable for difficult financial situations, and DeFi is suitable for more practical and easy to use situations.

From October 27-28, the 7th Annual Huobi Conference invites industry dignitaries to discuss business development under the theme "Infinite Future - The Search for the Best of Blockchain 2020". Huobi Group COO Zhu Jiawei delivered a speech in the “Tools, Logic and Approval of Product Processing Capabilities” section of this conference. Zhu Jiawei said that DeFi and CeFi are both available to meet the needs of customers, but they provide services to users in various ways. CeFi is needed for tough financial situations, providing better scores and better risk assessment to users through human and heuristic judgment, and has many advantages of product copy service in terms of ease and performance. And DeFi is suitable for easier and more versatile applications, such as digital asset lending. In simpler mode, DeFi makes the whole process more efficient and reduces costs.