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Bankless

190 - Sergey Nazarov on Chainlink’s CCIP

Bankless

Bankless

Tech News, Technology, News

4.71.2K Ratings

🗓️ 2 October 2023

⏱️ 98 minutes

🧾️ Download transcript

Summary

Sergey Nazarov is the co-founder of Chainlink. Chainlink, you might know as the price oracles for DeFi… providing DeFi with the data it needs to know prices. More ambitious than just prices, Chainlink is aiming to become the interoperability layer between all of TradFi and all of DeFi, acting as a gateway between onchain and offchain data. We’re going to explore that vision today on Bankless. 

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https://www.bankless.com/debrief-sergey-nazarov-chainlink 

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TIMESTAMPS

0:00 Intro
7:30 The Chainlink Vision 
13:59 Offchain Computation 
20:35 Why Chainlink Is Here
28:20 Offchain Trust Maximization Technicalities 
31:31  Oracle Networks 
38:53 Dynamic Automated Inception Marketplaces
45:45 CCIP 
1:08:20 Why Swift Is Important
1:14:45 Banks to Blockchains 
1:25:18 DTCC Explained 
1:31:58  5 Levels of Crosschain Security 
1:38:40 Crypto in 2030 
1:44:40 Closing & Disclaimers 

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RESOURCES

Chainlink
https://chain.link 

CCIP 
https://chain.link/cross-chain 

The Five Layers of Cross-Chain Security
https://blog.chain.link/five-levels-cross-chain-security/  

SmartCon Virtual Signup 
https://smartcon.chain.link/virtual 

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures 

Transcript

Click on a timestamp to play from that location

0:00.0

We want the whole world to run on blockchains, which means the whole world's

0:06.2

value has to go into blockchains, which means banks, asset managers, sovereign

0:11.6

wealth funds, family offices, everybody has to be connected to and utilizing

0:17.2

blockchains for their favorite flavor of financial products. So this is about

0:23.2

as big an opportunity as I can imagine for banks because they're going to be

0:26.8

able to generate huge amounts of assets, put them on chain, and give them to a

0:31.6

global market as long as that global market can connect to their chain, which is

0:36.4

by the way what CCIP does. Welcome to Bankless, where we explore the front

0:41.2

here of Internet money and Internet finance. This is how to get started, how to

0:44.6

get better, how to frontrun the opportunity. This is Ryan Sean Adams. I'm here

0:48.3

with David Hoffman and we're here to help you become more bankless. Bring

0:52.8

banks to blockchains. How do banks and crypto networks communicate? And why

0:58.1

should they? What's the prize available for both of them? We brought on Sergey

1:02.0

Nazarov from Chainlink to help answer that question a few takeaways for you in

1:06.4

today's episode. Number one, why banks and crypto live in separate worlds and

1:10.0

how to bridge them. Number two, we talk about bank or tech. What is Swift? What's

1:15.2

the DTCC? How you've even heard of that acronym? Number three, what do

1:19.8

decentralized Oracle networks like Chainlink have to do with any of this?

1:23.2

Number four, why uniting banks and blockchains can produce a $100 trillion

1:27.9

market maybe higher? What Sergey calls securitization 2.0? Number five, what

1:34.2

makes a decentralized network? Sergey has five levels of security that you need

1:38.8

to hear. And number six, will crypto happen fast? Or will it happen slow? Of

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