Deep Dive: Chainlink in 2024 w/ Sergey Nazarov

Real Vision: Finance & Investing

Real Vision

Business News, Business, Investing, News

4.1 • 1.1K Ratings

🗓️ 9 July 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

🔥 Visit www.realvision.com/token2049 for 15% off tickets, only with the code 'REALVISION’. 🔥 Get FREE ACCESS to Real Vision https://rvtv.io/41tyn6M 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 Elevate your brand with Real Vision. Connect with us at partnerships@realvision.com to explore advertising possibilities. Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Join over 20,000 attendees for the world's largest crypto event,
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0:08.3	Bilage Shrino Vossin, Salanas Anatoli, Arthur Hayes, and over 250 others will hit the stage as
0:15.3	token 2049 takes over the iconic Marina Bay Sands in Singapore.
0:21.2	With over 500 side events during token 2049 week, Singapore will transform into a crypto hub
0:28.3	from the 16th to the 22nd of September, capped off by after 2049 and the Formula One Grand Prix Race Weekend.
0:37.0	Everyone will be there. This is the one event you can't miss this year.
0:41.0	Visit Real Vision.com, token 2049 for 15% off tickets only with the code Real Vision.
0:48.1	Link in description. Welcome back to Real Vision crypto, I'm Ash Bennington. Today I'm joined once again by Sergei Nasrov co-founder of Chainlink.
1:05.0	Sergei, welcome back to the show.
1:07.0	Great to be here.
1:08.0	Thank you once again for having me.
1:10.0	Always a pleasure to have you.
1:11.0	Sergei, I know there's a lot of new ground to cover,
1:13.7	but I want to do the 50,000 foot overview for people
1:16.3	who may need a little bit of a refresher
1:18.0	on what you guys are doing over at Chainlink.
1:20.4	50,000 foot chain link, what does it do, why does it do?
1:23.0	Why does it matter?
1:26.0	Sure, so Chainlink is infrastructure
1:29.0	that makes smart contracts go to the next level of their capabilities.
1:33.8	It connects them to data, it connects them to other chains,
	...

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