/biz/ - Business & Finance

>So this is your standard meal, right? And if I'm a buyer, I want an even exchange of value... of currency to goods, right? Now I can give the cashier US dollars, but if I give the cashier US dollars then something might go wrong with my order, what can I do about that? You didn't enter any kind of agreement with what will happen if the order is messed up somewhere along the line, right? But with a smart contract, the food and the money would be put up front, and the order would only execute when a third party verifies that everything checks out. So what do we need to do this? To do this, we need a decentralized network of oracles, all checking the data for the transaction to independently verify that both signers of the contracts are fulfilling their end, right?

>That's where Chainlink comes in. The node operators on the Chainlink network will see your cash input and verify that it's the right amount, and will check the McDonalds to ensure that they remembered your big mac, your fish fillet, your soda etcetera. This way there are no problems, right? And compared to the old way of doing business, this will simplify the process while also introducing added trust for high volume orders, such as the one I'm holding in my hands. Thank you.