/biz/ - Business & Finance

>If the PoC goes well it could become the SWIFT standard by 2020 (not long left anon)
>Within the decentralized oracle network ChainLink has little to no competition and a first-mover advantage

*they* didn't want you to get a slice of the pie, but understand that decentralization is what makes this trustless network work.

Anyone who understands this is still accumulating and NEVER SELLING

I looked up Siemens, which I never heard of before and apparently they are a German conglomerate company headquartered in Berlin and Munich and the largest industrial manufacturing company in Europe

Also, i looked up Digital Asset and they are a financial technology company that builds products based on distributed ledger technology (DLT) for regulated financial institutions, such as financial market infrastructure providers, CCPs, CSDs, exchanges, banks, custodians and their market participants. The company has raised $107.2 million in three rounds of funding. Guess who gave them that funding:

To date, over $115M in funding has been raised from fifteen investors (ABN Amro, Accenture, Australian Securities Exchange, BNP Paribas, Broadridge, Citi, CME Group, Deutsche Börse Group, Depository Trust & Clearing Corporation, Goldman Sachs, IBM, JPMorgan Chase, NEX, PNC Financial Services, and Banco Santander). The company has strategic business relationships with Accenture, Broadridge, IBM and PwC to help scale and accelerate the adoption and deployment its technology.

This is even more big names then I originally thought when I saw IBM, Intel, Microsoft, Cisco, JP Morgan.

Need more research on Fidelity Labs, Cypherium, and Chain

What year will Chainlink hit $30?
What makes you think that?

Hi Anons,

Serious questions and topics only. I'll start.

The current state of the blockchain is for users to buy/sell/transfer tokens only. However, cryptocurrency caught a lot of companies and individuals by surprised because people thought bitcoin was a scam and didn't really pay attention.

This is when ethereum was introduced and took crypto to new heights, capturing the attentions of institutions at large. Companies are interested in the smart contract functionality in which ethereum, hyperledger and other blockchain provides.

Finally, so how can companies utilizes ethereum or any other smart contract platform/blockchains for cost-cutting/real use case purposes when all we can do is buy,sell, or transfer tokens. This is where Chainlink comes in to provide a decentralized oracle network to connect blockchains to REAL WORLD and LIVE data with 100% up-time that is secure end-to-end.

Just like SWIFT ISO 20022, there has to be industry standards to make sure data is tamper-proof or it defeats the propose of smart contracts in the first place.

Sergey said "After working closely with SWIFT and multiple financial institutions on smart contract securities, the larger financial industry seems to be in clear agreement with us on a smart contract securities need for key inputs/outputs, the initial implementation presented at SIBOS is something we are currently in conversations about turning into a larger implementation for both SWIFT, and multiple large institutions."

Chainlink appears to be the key to unlocking Enterprise Smart Contracts. If you disagree, what do you think will be the key to mainstream smart contracts that will be useful to corporations and enterprises?