/biz/ - Business & Finance

;)

>>58048402
It’s over

>>58048402
How does Canton interoperate with participants who are not in the Canton network?

>>58048402
>pilot
Great, more dumping from the chainlink team to pay for these “pilots”

You’re losing the narrative advocates, be careful there

>>58048402
dude this has nothing to do with canton

>With public blockchains and the first enterprise blockchains, the idea was to have extensive networks where industry participants could share data, trade and settle transactions. Instead, today there are a large number of permissioned blockchain networks, pretty much one for every application. Given there are so many of them operating as islands, only a few have gained traction.

>Individually connecting networks through bridges or other means is relatively costly. Plus, it risks recreating many of the maintenance issues that exist in the current infrastructure

>What’s needed is the ability to transact across networks. For example, using a tokenized asset on one network as collateral for a transaction on another. Or enabling tokenized cash on one network to atomically settle a tokenized asset transfer on another.

jus' 'ate chainlink
simple as

So are they just gonna hide the fact they're using Chainlink in all the world's financial systems forever then?

>>58048465
By speaking Cantonese

>>58048570
https://www.canton.network/

>>58048465
there are other oracle networks out there anon. chainlink will have competition. sergey knows this ands its one of the greatest fud. first to market might not be chainlink

>>58048402
>However, it only supports applications using Digital Asset’s DAML smart contract language and the Canton blockchain.
OP, we discussed the cantoncrap already. Token is needed.

>>58048666
>ands its one of the greatest fud
no its not, the greatest fud is that it won't pump because it simply got fudded to the ground for years and it gets 0 interest when any other l2 and dog coin pumps

>>58048454
Lmao read it again, slowly

>The Canton Network provides that connectivity. However, it only supports applications using Digital Asset’s DAML smart contract language and the Canton blockchain.

just like intranets died so too will this stuff
they will be connected by ccip

>>58048744
https://www.youtube.com/watch?v=4BsAI58KJNo&ab_channel=Chainlink

>>58048626
I actually already checked this out a few days ago when I first saw this article
I haven't really gone in depth yet but the whole thing looks like a coverup of Chainlink CCIP which will be what legacy systems with private blockchains use. I didn't get the whitepaper yet though for schizo reasons so if it says otherwise or actually does name drop Chainlink I am interested
the biggest clue for me was that this pilot launched in July right when CCIP mainnet was launched
maybe it's all really obvious in which case I feel dumb even thinking about it
>ITS REAL???
>ITS A SCAM???
etc

>>58048666
I'm asking how data *inside* the Canton network interoperates with data *outside* the Canton network. Can Canton network interact with Bitcoin, Ethereum, or CBDCs which don't participate in the Canton network? How does off-chain data get into the Canton network? The whitepaper I read doesn't say anything about it.

>>58048910
yeah I feel dumb now it really is obvious
so anyways when does the price go up?

>>58048910
Canton has nothing to do with Chainlink. I've been on webinars with the Canton folks and the specifically avoid mentioning Chainlink. They'll mention Axelar, LayerZero and others but never Chainlink. They hate Chainlink.

>>58048920
Yes and more. Canton network wins and chain link loses

>>58048402
>the shadow fork was real

ohhhhhhhh linkieeeesssss

>>58048967
OK, but how? Ian Keane worked at Digital Asset for a year and he said Canton could use Chainlink to pull in data from outside the Canton network. Canton has never said they can interact with Bitcoin or Ethereum, let alone non-Canton CBDCs.

>>58048402
>Canton allows previously siloed financial systems to connect
This is a flat-out lie.

Canon only connects its own subnets, like Avax.
"Previously siloed systems" would all have to switch to a Canton subnet first before they can actually interconnect.

Which "solves" the interoperability problem the same way killing everyone on earth solves murders.

>>58048934
>>58049264
Alright let's say Canton doesn't use Chainlink at all
Why did many of the companies that Chainlink is working with also participate in this pilot (paxos, State street, BNY Mellon, BNP Paribas, dtcc, etc)?
Would there not be some interaction, or are they completely separate initiatives? these companies just happen to be doing two similar tests with similar technologies but one is interoperable and one is "interoperable"?

>>58049297
If Canont wants to use external data or talk to other chains, it needs oracles. Simple as.

>>58048402
Why is link pumping right now?

>>58049424
It is a $19-20 stablecoin it's just returning to peg.

>>58048934
both axelar and layerzero are dependent on chainlink and stated so in the past
canton can not avoid CCIP and link even if they wanted to

>>58049297
exactly
it makes no sense

>>58049297
these big guys have more money than you can imagine to throw around on pocs and trials
even if they learn a few new things in a new area it's worth the money for them
that's what makes LINK so impressive with what they've had SWIFT saying about them, multiple pocs, years of relationship building and now statements that they're working to implement it all

lmao

>>58049743
what does it mean anon, I'm too retarded to get this.

>>58049743
based
81k is programmed

struggling a lot to pay for my university semester exam fees. Can any anon enough kind to help me with $1.7k?

I badly want to complete my graduation anon

>>58048402
holy shit I remember Melon. I did a fuckton of research on them like what? 5 years ago?
That was when that big crypto that did physical assets crashed to 0. I forget It's name, but it was a bird or something. Had two tokens.
Used to have general threads here all the time. lol.
Haven't thought about that in years. Thanks man.
BTW melon is just a family office that had a an ERC-20 token. Lmfao

>>58049798
$1.7k sent. Enjoy your university semester exam, anon

>>58049820
You didn't even asked for my wallet address. Nice joke anon!

>>58048402
Chainlink not mentioned. They write some good open source code tho so some of that may be used but on private networks, no tokens needed really

>>58049825
enjoy your ban, anon

>>58049825
Oh sorry I forgot. Sent another $1.7k to make up for it.

>>58049642
>.. they're working to implement it all
I doubt it bc it's legal to do "insider trading" when it comes to crypto, if there are people out there with actual knowledge about Chainlink integration in some deep money pond, they could buy Chainlink on the open market, totally legal, which should be noticeable by the price-action - which it isn't.

If CL ever get adopted by and utilized in the financial infrastructure, the price would barely move, bc it would already moved prior to it becoming a reality.

>>58048465
Why would they?

>>58050855
so that they can connect with chains that aren't on the canton network

>ctrl F chainlink
>0 results

>>58050945
Why would they?

>>58050968
cause it would be cool and stuff

>>58050855
why would banks want to work with other banks?

is that the question?

kek chainlink baggies

>>58051044
It appears this test is the banks trialling out a shared network. Why would they ever conceivably want that secure and useful network to connect with cumchain.

>>58051059
do you think every single bank is going to use the canton network?

>>58048402
>ctrl + f cardano
>0 results
what are you even talking about

>>58051085
JP Morgan is using its Onyx platform. Looks like they won't be able to do any business with the ones on the Canton list. What a shame. If only there were some way to connect these disparate systems together in a secure manner?

>>58049297
I know nothing about this topic but I have worked at large companies for 20 years and it's very plausible that they did PoCs with different providers/technologies. I'm currently working at a large fintech in EU and whenever we want to pick a strategic partner for something, we always do an internal PoC with at least 2 other competitors too to make sure we're making the right choice and not just trusting salespeople making deals based on false promises

>>58048570
How did you get that from this article

>>58048934
>"i hate link"
checks out
>>58049785
it means they're 10 years behind sergey and haven't solved shit or even conceptualized how to solve it

Token *clap* not *clap needed *clap*