Podcasts Real Vision Daily Briefing: Finance & Investing Deep Dive: Chainlink in 2024 w/ Sergey Nazarov

Episode Summary

Jul 09 2024 . 55 MIN
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Deep Dive: Chainlink in 2024 w/ Sergey Nazarov

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Show Notes

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Chainlink, the blockchain oracle protocol, has been expanding its partnerships with TradFi behemoths such as Swift and DTCC. Ash Bennington sits down with co-founder Sergey Nazarov for an update on their work to bring real-world assets on-chain and the journey to institutional adoption. Recorded June 24, 2024.

Timestamps:

00:00 - Sponsor: Token2049

01:04 - Introduction of Sergey Nazarov and Chainlink overview

01:35 - Explanation of what Chainlink does and why it matters

02:09 - Comparison of blockchain industry with and without Oracle networks

02:45 - Chainlink's role in enabling transaction value

03:17 - Discussion on traditional finance adoption of blockchain

03:48 - Smart contracts in banking and capital markets

04:57 - Shift in the global financial system towards blockchain

06:09 - Growth of blockchain activities in public and private sectors

07:22 - Interaction between bank chains and DeFi protocols

08:18 - Development of a global internet of contracts

08:50 - Pilot projects with SWIFT and DTCC

09:57 - Details on SWIFT and DTCC projects and their significance

11:44 - Tokenization of funds and its importance

12:23 - Synchronizing data and value across chains

14:05 - Establishing global standards for blockchain interactions

15:11 - Infrastructure and systems in financial markets

16:09 - Transition timeline for blockchain adoption in finance

17:18 - Increased focus on practical applications of blockchain

18:22 - Efficiency and data sharing improvements in financial systems

19:24 - Tipping point for new financial products on blockchain

20:30 - Future growth and value migration in blockchain

21:40 - Real-world assets trading on blockchain

22:20 - Current state of real-world assets vs. DeFi

23:18 - Chainlink's role in verifying real-world assets

24:48 - Blockchain's potential for greater transparency

25:16 - Avoiding financial crises with blockchain technology

27:00 - Transparency in banking and asset management

28:07 - Access to information and market stability

29:17 - Understanding blockchain transactions and data

30:22 - Ensuring data accuracy and transparency

31:27 - Framework for constructing consensus on data

32:33 - Aggregating reliable data sources for blockchain

33:07 - Process of creating reliable blockchain data

34:09 - Challenges and solutions for off-chain data aggregation

35:17 - Importance of decentralized Oracle networks

37:05 - Clarifying the origin of DeFi data

37:38 - Role of off-chain data in blockchain applications

38:53 - Growth of Chainlink Oracle networks

40:05 - Evolution of Chainlink beyond data aggregation

41:50 - Analogy of smart contracts without Oracle networks

42:20 - Automation solutions for smart contracts

43:18 - Configurability of decentralized Oracle networks

44:25 - Decentralization and its impact on speed and performance

45:28 - Bottlenecks in blockchain technology

46:32 - Role of LINK token in Chainlink ecosystem

47:29 - Signals of widespread blockchain adoption

48:02 - Interaction between real-world assets and DeFi

49:05 - Growth of traditional financial systems on blockchain

50:12 - Collision of public and private blockchain worlds

51:27 - Building a single internet of contracts

52:26 - Final thoughts on the future of blockchain

53:37 - Importance of reliability in the blockchain industry

54:07 - Conclusion


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Hosts

Ash Bennington headshot

Ash Bennington

Maggie Lake headshot

Maggie Lake

Raoul Pal headshot

Raoul Pal

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