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/biz/ - Business & Finance

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14646754 No.14646754 [Reply] [Original]

What we're seeing in parallel to the development of Chainlink is 3 major transitions in the banking sphere. These are
>1) The standardisation of SWIFT messaging standards called ISO20022.
>2) The standardisation of derivatives instruments.
>3) And the release of banking APIs to the open market called "open banking" (PSD2 in Europe).
In regards to the first point SWIFT's 11,000 banks are transitioning to a new uniform messaging standard (for securities and bond payments mostly), and Chainlink has been specifically demonstrated to be able to trigger payments using that messaging standard.
In regards to the second point one of Chainlink's major initial applications is the settlement of global derivatives contracts, and this will be far easier with uniform global standards for the format of these instruments.
In regards to the third point the publication of banking APIs to facilitate new fintech startups will have Chainlink perfectly positioned as the secure API connector that will allow this new industry to leverage the benefits of DLT in their offerings.

The convergence of all of these factors indicates that Chainlink will be the adaptor connecting these new uniform global banking standards to the emerging industries of blockchain and distributed ledger technology, and that this will be the case regardless of whether an institution is using a public decentralised platform or a private, permissioned consortium chain.

>> No.14646770

>>14646754
tl;dr

ETH doesn't scale and blockchain agnostic only applies to the team, not your shittokens. Thanks for the seed money.

>> No.14646776

>>14646754
>>14646770
This. Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth. Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons. Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story. The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes. In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

>> No.14646797

>>14646754
I’m not reading all of this bullshit. I know enough about decentralized oracles and smart contracts at this point that it’s spilling out of my fucking years. Two and a half of years of this bullshit and we can barely break $5. REEEEEEEEEE

>> No.14646822
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14646822

>itt small brains try to understand link

>> No.14646856

>>14646754
Once I had a dream that I was on the way home from work and I went through the McDonald's drive-thru. As I pulled up to the window the man handing me my Big Mac, french fries, and ice cold Coca-Cola was none other than Sergey Nazarov. I said I recognized him and asked why he was working at a McDonald's. He said he didn't work there (even though he was dressed in the full uniform) but was just there to do a tech demonstration of chainlink oracles. "Your order is actually the first", he said, smiling and handing me the bag. "Now let me just link that in." I gave him a high five and started driving away when I realized that I didn't get my big mac, I got 2 snack wraps with big mac filling (not even on the menu). I was pissed, and went back but the line for the drive thru was now about 50 cars deep. I parked to go inside, furious at this seemingly impossible turn of events (the drive thru was desolate when I had first ordered). As I approached the front door I saw Sergey's silhouette standing behind the glass in a dimly lit interior. He switched the open sign to "closed". I increased my pace and yelled to him while pointing at my bag. He made eye contact with me and then slowly turned around and disappeared into the dark recesses of the McDonald's kitchen.

>> No.14646871

>>14646770
>>14646776
Back at it again with the same old tired copypasta. Jesus take the wheel and drive these cretins over a cliff.

>> No.14646916
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14646916

>>14646856