/biz/ - Business & Finance

>>55320195
Massive consulting firms like Capgemini are devoting entire reports to smart contracts, specifically mentioning Smartcontract.com (= Chainlink) and Sergey Nazarov by name as the sole smart contract solution that can use external data thanks to oracles.
Source: https://www.febelfin.be/sites/default/files/InDepth/smart-contracts.pd_.pdf

Excerpts:
>Sometimes, external inputs such as prices, performance, or other real-world data may be required to process a transaction, and oracle services help smart contracts with inputs such as these.

>Smart contracts will also need to be able to work with trusted external data sources if they are to utilize external information. Smart contracts can achieve this with the help of oracles – programs providing smart contracts with the data they need from the external world or carrying the commands they need to send to other systems. Sergey Nazarov, Cofounder and CEO, smartcontract.com – a startup specializing in building oracles – outlines how connectivity with real-world data will be key.

If you don't know what Capgemini is: https://en.m.wikipedia.org/wiki/Capgemini

Back in 2015 the World Economic Forum also mentioned smartcontract(s).com by name:http://www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf#page=24

>>16288892
>According to the commit history Thomas Hoodges commited first time July 10 ( https://github.com/smartcontractkit/bea-adapter/commits?author=thodges-gh )
>While somoe nigger cuck namex boxhock or whatever, he is some jew, commited 3 days later ( https://github.com/smartcontractkit/bea-adapter/commits?author=boxhock )
>I dont even think he did anything apart from sucking cocks btw

interesting. that boxhock might be one of their recent hires.

I just started following the best methods. When the green candle was at its highest, I bought. When the red candle was at its lowest, I sold. Easy

>itt: we analyze the hype & aftermath
>also:
Did anyone post a "Night before Christmas"-style poem on the night leading up to SIBOS (SIBOS Eve)? I was going to, and fired up 4chan & Binance, but then got incredibly stoned and sucked into Minecraft, so, eh, I'm still holding 20,000 LINK.

>>3894091

>>3888519

It's the first time I'm all in. It literally can only go up in the next three days.

>>3870864
Probably best fud because I'm laughing so hard 9/10

>>3867732
>>3867723
>>3867715
>>3867709
>>3867696
>>3867686
>>3867677


2. It is possible to use external data to inform these contracts, but right now that process is centralized. This is a problem. Lets say the external data is a transaction of Dollars for ETH. So you send 300$ to bank account X, and then I send one Eth to your address. Right now you either do that through a third party (CoinBase), OTC (LocalBitcoins) or whatever else centrlized system you want to use.

Knocking out that centralization, where you have to trust someone, is THE key to SmartContracts having a real world use case. But how do you get that information -- the fact that the $300 has been sent -- onto the blockchain using data that the smartcontract understands?

3. Oracles. Right now the answer is "hey we can hire Oracle X to do the translation to represent this bank dollar transaction on the blockchain." The "oracle problem" with this is that you are 100% TRUSTING that oracle to act prudently. That they don't tamper with the data. So we can kill coinbase but now we have to trust the oracle instead of coinbase .This is a HUGE problem for Banks who want to get into blockchain but have to trust a centralized oracle to translate data. This Oracle can be hacked, falsified, defrauded, really all the problems that come with centralization.
4. ChainLink - this service DECENTRALIZES that translation process of the Oracle. Now, the translation is trustless, and you have a trustless data feed that informs the trustless smart contract.

Multibillion dollar institutions can rely on distributed blockchain technology and know the data that informs their smart contracts is tamperproof.

>>3847915
>>3847903
>>3847898
>>3847888

Massive consulting firms like Capgemini are devoting entire reports to smart contracts, specifically mentioning Smartcontract.com (= Chainlink) and Sergey Nazarov by name as the sole smart contract solution that can use external data thanks to oracles.
Source: https://www.febelfin.be/sites/default/files/InDepth/smart-contracts.pd_.pdf

Excerpts:
>Sometimes, external inputs such as prices, performance, or other real-world data may be required to process a transaction, and oracle services help smart contracts with inputs such as these.

>Smart contracts will also need to be able to work with trusted external data sources if they are to utilize external information. Smart contracts can achieve this with the help of oracles – programs providing smart contracts with the data they need from the external world or carrying the commands they need to send to other systems. Sergey Nazarov, Cofounder and CEO, smartcontract.com – a startup specializing in building oracles – outlines how connectivity with real-world data will be key.

If you don't know what Capgemini is: https://en.m.wikipedia.org/wiki/Capgemini

Back in 2015 the World Economic Forum also mentioned smartcontract(s).com by name:http://www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf#page=24

>>3838921

>>3836602
I absolutely love it. Corporal reporting in, I'm such a small fish but I gotta do my part.

SERGEY NAZAROV THE GREAT HERO

>BUY LINK ON BINANCE EXCHANGE

We are rebounding after last weekend's traditional dip with a new all time high this week.

There shall be another dip next weekend.

Sell @ ATH this week or HODL in order to avoid risking FOMO?

This will probably happen anyway, but would the kindly anon(s) planning to stream video from inside SIBOS (or simply record for a later release) be so nice as to give us a heads up when the time comes so that we can enjoy the show?

>idgaf how 'boring' it will be
>actually could you just record video from behind the podium of the crowd reacting?

It...just kinda has to happen, right?

>no fud
>no shill
>only chill

>mfw this was the first image clicked out of thousands in my folder

>>3751393
Travel ahead twelve days; describe SIBOS.

>>3747560
sage

>>3746613
WE MADE IT

KEEP. BUYING.

> IRON FUCKING HANDS /BIZ/

>>3746999

How would I go about running a LINK node? Is it not possible yet?

Either way, I would appreciate if someone can explain.

>>3728746
After SIBOS