/biz/ - Business & Finance

>>52931146
>doesn't apply to the retarded power fantasy discussed in any way?
Except it does apply that the power fantasy.
See pic for instance, it's Chainlink's smart bond proof of concept. The same principles that apply to the price feeds will also apply to the interest rate fees.

>>22229347
This.

>>20234747
the network has to get built first. no neet is going to be able to stake forst month of it. maybe you can a little with linkpool. the neet node dream is kinda over or at least going to take longer then we thought.

>>17569351
>none of them use it. simply blog posts larping about partnerships.
turbocope

>>15877547
>don't need Link for smart bonds
t. not Swift

>>15708548
You have no idea what you're talking about.
Even if Swift uses a permissioned chain, you still need oracles.

>>15499086
>>15499266
>>15499262
Even if all Chainlink is doing with Swift is giving them their very own separate oracle; you have to realize that such "centralized" oracles are definitely also part of the Chainlink ecosystem.
Chainlink is all about options and (third-party) customization, and users should definitely also have the option of just using ONE oracle.

That said; look at pic related, which was the main slide in Sergey's 2017 Sibos presentation.
Notice how there are Chainlink oracles between:
1) the banks and the "market rate smart contract"
2) S&P and the smart bond
3) the smart bond and Swift (in both directions)
And I'm pretty sure there's supposed to be one between the "market rate smart contract" and the smart bond too.

These are multiple different kinds of sources, and each of these may choose to apply their own preferred Chainlink oracle node, with their own reputation history and staking system.
Not to mention the computational load.
There is very little chance "Swift's own smart oracle" will be able to fulfill all of these different roles, given the large variety of data providers.

Will chainlink omega pump or omega dump?

Ari. Friend or foe.. plz god, I hate you and you hate me, but please just leave me the fuck alone and let this work out. I swear I'll sell all my linkies if you let this pump hard.

>>15471271
>still not one single interesting smart contract.
lmao, pic related isn't "interesting" enough for you?

1) it's about a massive legacy finance use case (bonds)
2) it involves both oracles connected to multiple different sources, and multiple oracles connected to similar sources
3) it was actually devised and showcased by one of the most influential financial institutions (Swift), and not just some far-fetched and deeply hidden concept

>>15471070
You're missing the point.
Oracles aren't just going to talk to external sources to trigger contracts, they're also going to be doing a LOT of talking among themselves.
For instance the reputation contracts, aggregation contracts, order-matching contracts, threshold signatures, ... all involve oracles working for other oracles.

This is called "network effect", and it's what makes the difference between a "decentralized oracle NETWORK" and "Oraclize but with a bunch of oracles in parallel".

>>15464678
Based


GPI LINK = CHAINLINK OR PART OF IT. IT WILL RUN ON THE CHAINLINK NETWORK.

>>15415772
>hurrr Swift is "working with" SmartContract, not Chainlink!!
Pic is the main slide from Sergey's Sibos 2017 presentation.

Count how many times it says "Chainlink".
Protip: it's 6.
6 times.

>>15182774
Look at pic related, it's the main slide from Sergey's Sibos conference.

Every Chainlink cube represents a different oracle (ideally you'd have multiple for each instance).
As you can see there are a variety of participants in this one transaction (smart bond).

Now imagine if all of these oracles were from different providers.
Nobody would trust the outcome.

http://www.nasdaqtrader.com/TraderNews.aspx?id=fpnews2019-3

https://twitter.com/bravenewcoin/status/1044013772929732608

>>12763810
>for everything else you don't fucking need oracles.
Until you do your research, and then you'll realize you need oracles for anything non-deterministic.

>>12763830
>in your head.
Oh sure.
Pic related.

>what they actually depend on is trust and a legal system
Get a load of this faggot lmao.

>>12611662
>Maybe smartcontracts.com made something for Swift
This is a slide from Sergey's SIBOS presentation.
Notice any logos?

>>12610434
>The chainlink PoC wasn't even decentralized oracles.
You sure?

>>12034868
>which is literally all they need to not have to use the public network
>they need only 1 node that they know and trust.
Not exactly.

Pic related for instance takes a lot more than one node.

>>11940490
The Chainlink network was always meant to be as diverse and customizable as possible.
From public to private, from readymade contracts to custom contracts, etc.

One of the very first use cases for Chainlink was smart bonds for Swift on Hyperledger Fabric, which is a permissioned chain.
Guess what, that still used Chainlink nodes, see pic related which is a slide from Sergey's Sibos presentation.

And there are many ways to write to a permissioned blockchain. Like getting permission.

And Kaleido plugs into the public ETH chain, so it's not just about the private part.

https://financialit.net/news/banking/swift-creates-financial-sector-api-blueprint

Taste of the fucking Success.

>ripple normies are creaming themselves over the idea of a Swift partnership

Enjoy

Anon, please don't be a brainlet. It is so obvious...

https://www.youtube.com/watch?v=QrLr7MdyyLg&t=921s

https://www.nasdaq.com/article/how-smart-contracts-can-help-businesses-provide-better-customer-service-cm1030345