/biz/ - Business & Finance

>>3708882

Listen very carefully to what I'm about to say.

Ambrosos wants to represent external data (food) on the blockchain.

Walton wants to represent external data (RFID tags) on the blockchain.

Ripple wants to represent external data (financial transactions) on the blockchain.

These use cases are ENTIRELY contained within ChainLink.

ChainLink is the skeleton key that makes all these proects obsolete. It gives every company the building blocks to use oracles that represent ANY data, not just single use cases like food/RFID/financial transactions, however they want.

>>3571612

This speaker is Sergey Nazarov the creator of ChainLink.

SWIFT, the agency literally used in the examples, is already internally USING SmartConract.com as a centralized Oracle and will use ChainLink as a decentralized Oracle.

>>3534055

When you went to sign up for the ChainLink sale it asked you if you want to be a node operator. The reason they want node operators is because they want the most secure network which means more nodes which means more decentralized which means more impervious to attack.

ChainLink, as a decentralized Oracle service -- the first decentralized oracle service--brings you the ironclad network that you can trust. The data you represent will be untouchably secure.

When you want to confirm huge fiat transactions or confirm flight patterns or shipping containers or RFID tags, do you want each of these companies to make their own McBlockChain? Chase bank creates their own blockchian and who the fuck is securing it? Who are the node operators? A blockchain where 95% of the chain is run by one party isnt a blockchain and its not secure.

This is why SWIFT -- Society for Worldwide Interbank Financial Telecommunications -- and a global provider of secure financial messaging services that processes 90% of traditional international GLOBAL trade transactions per year is not only a paying customer of SmartContract.com but is setting up an oracle to run on the ChainLink network when it releases.

>>3534212

Wrong. These are my words. Try again.

>>3534196

Wrong. Many ICOs look like they're dumping when they're really just pumping less. If the ICO price of something is $1 and the first candle on the exchange is red, going from $7 to $4, brainlets think there isa dump when really the ICO buyers at worst just 4x. And thats for ICOs that aren't hyped like this one. The good ICOs sell out and keep going up. See: 0x.