/biz/ - Business & Finance

>>58451139
https://www.youtube.com/watch?v=rZK__sWFTUU


You can complain about the speed but Enterprise adoption is in no way a flop. They're more excited for blockchain tech than ever.

>>58384386
>I fell hard for the "I'm in it for the tech" meme that's exactly why I bought Crypto to begin with. Nobody cares about the tech, and realistically nobody ever did.

How about I interest you in learning smart contract development?

https://www.youtube.com/watch?v=umepbfKp5rI

If you actually used it yourself, you'd see why this industry didn't die off 8+ years ago and has only grown since.

>>57875900
Eventually, yes.

>>57712457
A quick example from pic related is tokenizing real estate. Instead of looking for a single buyer to purchase a house, you could tokenize the house and sell it piecewise on the market. This would allow money to come in faster (though it remains to be seen how much more effective this is than dropping your asking price down to attract buyers and closing a sale that way).

The thing to note is that trading on the blockchain is a massive improvement from the current system. There's a lot of logistical and administrative overhead to contend to that are completely eliminated with using a smart contract and with the blockchain being online 24/7.

https://www.youtube.com/watch?v=rZK__sWFTUU

Watch the video to get a sense of how far back into the stone age people are.

>>57687079
>So people can then buy not just a fraction of the property, but the entire thing and the seller is able to dump it without slippage or worrying about finding a cash buyer. This can be applied to any RWA token.

This is a really good point regarding RWAs in real estate. I wouldn't say this is going to totally replace looking for a singular seller to buy out the property outright at a reduced price but this is an amazing new market to be created.

>>57557640

full report here

https://rsch.baml.com/access?q=s-i517792VNkDKydHLEioQ

>-Is there a need to tokenise this?

tokenization of assets allow for more liquidity and more investment avenues. Blockchains allow for 24 hour trading. It's a massive opportunity of a lifetime.

>-Custodian. Who would be holding these assets? Would an external company hold them? Who would be in charge?

Banks are never going to die

>-Authenticity. How to verify these are real and legimately what they say they are. Buying properties in Vietnam that say they are one thing only to be a shithole.

The current entities that already hold assets will need to upgrade their legacy infrastructure to connect to blockchain tech. Using Chainlink.

>>57427589
Launch some NFT that's pegged to some real world asset. Maybe it has sensitive info you don't want broadcasted to the entire blockchain, you gotta use DECO. You want to trade it on some dapp that has CCIP integrated so that it accesses the liquidity from multiple and all blockchains connected to it. Wait, you also need a system in place to keep track of the effects of the real world asset so it can be properly reflected in the NFT; you need Proof of Reserves.

Just imagine the sheer amount of integrations you need to recreate this without Chainlink. Is it really feasible at scale?

>>57262912
>What demand is there for chainlink CCIP? What can the average user do with it?

Ethereum is just one many, many blockchains. There is a bigger private world of blockchains that would love a common interface so they can interact with one another seamlessly. I invite you to read up on Bank of America's report on blockchain uses today (well, from last year) where they go over its being currently used in manufacturing, what banks are doing with the tech presently, and what they want to achieve.

https://rsch.baml.com/access?q=s-i517792VNkDKydHLEioQ

But a quick quick use for CCIP is to consolidate all the blockchains under a single interface so that developers don't have to deploy the same dapp on different blockchains and manage each version independently; where they'd have siloed liquidity (Aave on ETH, Fantom, Polygon, etc all have separate liquidity pools). Through CCIP you don't need to worry what blockchain you're on.

>>56993162
On the banking side, it's already being adopted and tested and they're moving to production. Also remember there are two separate CCIP networks. One for banks with an undisclosed number of blockchains. And the public one we're using now.

>>56917499
Soon enough you will understand.

>>56730853
>What we need is a chain with NO incentive. The best incentive is no incentive. Does such a chain exist?

No.

If it can be exploited, there will be some asshole who exploit the system to reap the rewards at the detriment of others. You must have some kind of incentive for people to do the right thing and have guard rails to prevent assholes from doing the wrong thing.

>>56584953
>Avalanche is very needed. Thats where all these Banks will run their own Chains.

Anon, they'll run some EVM private chain. Whatever scaling or TPS Avax is touting, they won't care because their own chain will be fast enough to handle the amount of clients to tend to.

>>56147733
implying banks will use Avalanche's blockchain?

>>56034581
You're late. First of all, Link is the (((their))) coin. Banks run their own blockchains and issue their own stable coins backed to their own assets. Chainlink already announced there are two separate CCIP networks, one for banks and one for the public blockchains.

So it suffices to say, they're embracing stables, but not the ones out in the public market now.

>>56012966
> The important people, the experts, all know that most of the shit coming is useless vapourware and the incesant decentralisation/tokenisation of everything is ridiculous
My my how things have drastically changed over the course of half a decade.

>>56005593

They recognized that blockchains are the next evolution of finance but they don't want to put their stuff on some public blockchain Ethereum that they don't fully control. They want to use their own blockchain. And each bank wants full control of their blockchain so each own their own private blockchain which leads to a blockchain interoperability problem; how do different blockchains communicate with each other?

So (((They))) created Chainlink as a solution.

>>55961718
>Care to provide a few examples of said defi apps that are changing the world?

It's not even a few defi apps changing the world, it's the access of blockchain tech in general that is changing how people do transactions. People in Africa are using Binance to get paid in US stablecoins over their own currency. Pic related talks about what banks are working on right now while they eagerly wait for regulations to be sorted out so they can connect to Aave (here, an example for you.). And lending is a MASSIVE industry that is easily poised to be disrupted by blockchain tech. A big hurdle right now is that only overcollateralized lending is viable and that can be solved by Chainlink's DECO to allow people to use their credit scores for undercollateralized loans.

You have to try this for yourself so you can understand it.

>>55961793
>dismissing the fact that DeFi loans from shady, illiquid protocols is literally suicidal,

I've taken out and paid back loans from solid protocols. And (((they))) can try and but they're not going to be able to stop what's already deployed on the blockchain.

>>55936743

for you bois

>>55855338
They have their own blockchains and their own personal CCIP network running right now. The identity source isn't as big of a limiter as you make it out to be.

>>55773769
real world assets.

>>55622144

I hope you have your own portfolio that is 100% link then.

>>55619067
>It seems like all that has happened is that they've abstracted away the need for bridges and made cross-chain transactions programmatically more accessible to the masses??

That and security. Yes anon, that's the objective.

For Web3 developers who have protocols (Aave, Uniswap, whatever), this means that they no longer have to manage their protocol on each blockchain independently. This is a major reduction in development resources required as a user can access the exact protocol from any chain and not different versions as it was before. Aave can share their liquidity between Ethereum, L2, FTM, Binance instead of needing liquidity pools for each chain.

Now how new use cases that were impossible before (besides bank chains in pic related), dunno.

>>55583212