/biz/ - Business & Finance

I already have maximum confidence in ChainLink and I don't need faggot LARPers whoring themselves for attention. kys

>>8833865
Let's hear what you have Chainlink LARP senpai. I'm all ears.

>>8833865
This is now theoretically a cheese thread

Yesss another LARP to make my heart swell with joy before bed

...I'm listening

>>8833865
we love a good story

>>8833888
I'm checking these

Op will surely deliver

If this is a larp mods please give us IP

>>8833865
Opening with the swift logo is a big oof anon,
this better be good...

Innnnnn

>>8833881

Double Quarter Pounder > Big Mac

>>8833901
goddammit

I'm surprised all you missed this. Swift held the Swift Business Forum Canada 2018 in Toronto at the end of March. Luckily for us this website live blogged.

https://www.finextra.com/newsarticle/31839/swift-business-forum-canada---live-blog

So much goods in here but the main takeaway comes from Ryan Masters, Executive Director, Strategic Relationships at SWIFT.

10.52: Masters begins by asking that, with such a lot of noise in the market, what is really happening behind the scenes and which new technologies we should really be excited about.

11.10: Masters moves the discussion to blockchain, and asks Cadieux where he sees the most value for this technology. He says that smart contracts are key - they can put applications on the blockchain and choose who they want to trust in the transaction landscape.

Also API technology is talked about mostly.

you realize if swift was to use chainlink, the whole part about decentralization and tokens wouldn't even come into play. centralized data sources don't and will not hold any tokens.

>>8833928
"Blockchain has moved beyond proof-of-concept [PoC], says Cadieux. He adds that technology moves so quickly, from PoC to available on the market and the norm."

I sexually Identify as a stinky linky. Ever since I was a boy I dreamed of delivering tamper-free smart contracts for individuals and institutions alike . People say to me that a person being a smart contract is Impossible and I’m fucking retarded but I don’t care, I’m beautiful. I’m having a plastic surgeon install 6 flat sides, a big mac and a permanent plaid shirt on my body. From now on I want you guys to call me “Linky” and respect my right to provide middleman free agreements and immediate resolution. If you can’t accept me you’re a linkophobe and need to check your blockchain privilege. Thank you for being so understanding.

>>8833928
Ok thats fine. We know swift are pushing DLT hard, thats never been in doubt

Bump. We are going to fucking make it boys.

>>8833928
Thanks OP. Any more info to share?

>>8833979
A LOT Stick around

Explain for a brainlet. SWIFT is using DLT? Is this just a reaffirmation of what we know from before?

>>8833928
Worthless information
Go find something else to attention whore

So when can we 100% without a doubt know that Swift is using smartcontract.com and link token? When mainet is out?

1k eoy

>>8833987
At least it is confirmation Swift is big on APIs, smart contracts, and blockchain. They also talk about POCs moving on quickly behind the scenes.

>>8833994

I like the info and look forward to what else anon has.

Stop being a scared little faggot just because you are taking forever to accumulate with your Mickey D's paycheck.

>>8833987
Yes. Swift are publicly v bullish on DLT. We have known this for months or more. Chainlink is only one possible partner.

https://news.law.fordham.edu/jcfl/wp-content/uploads/sites/5/2017/06/Surujnath-Note_pdf_publishing.pdf

https://www.waterstechnology.com/trading-technologies-and-strategies/3514836/isda-seeks-to-standardize-derivatives-tech-with-regnosys-partnership

https://www.isda.org/a/6EKDE/smart-contracts-and-distributed-ledger-a-legal-perspective.pdf

https://create.smartcontract.com/#/contracts/ac345213037240b1bfeaf32c7aae0ba7
read the supporting materials

>>8834009
>>8834030
Any idea of other potential partners SWIFT could have?

Nothing better than a night reading another LINK larper. Keep them going son. I was going to watch a movie but this is fake entertainment too.

Cracking open a bottle of merlot with dick in hand. this better be good

>>8834046
so...?

>>8834009
>POCs
>Persons Of Color
nice

>>8834049
They completed a NOSTRO pilot with IBM or someone recently. They're just super big on blockchain in general RN

>>8834046
The report from Linklaters mentions Oracles. They recently joined the Accord project which is about bringing legal standards to smart contracts. Not much to do with LINK and has already been posted on biz before.

The smart contract on smartcontract.com is from 2016....

The other two also have nothing to do with Link...

>>8833865
best LINK threads have been coming out before bed these past few days. almost like a good bedtime story

>biggest banks in the world successfully test the buying selling and distributing of bond dividends at SIBOS 2017 using chainlink
>basically confirmed chainlink will be used to make the multi trillion bond market faster
>other big asset managers like Vanguard or BlackRock are super bullish on smart contracts wanting to implement them for asset management which is also a multi trillion dollar market
>token still at .30 cent

lol

https://wiki.hyperledger.org/groups/requirements/requirements-wg/minutes

"Agreed to treat payment and other systems feeding data from the world to the blockchain as participants on the chain; avoid calling them oracles"

Really think about this one

>>8834119

>>8834009
Realistically LINK will never go over a dollar again. Why? Because If Swift hasn’t directly endorsed link by now nobody else will touch it.
>but muh ctrl-F “oracles”
>muh ctrl-F “smart contracts”
Biz is like a 15 year old virgin hamstering up a reason why his crush COULD be into him based on eye twitches and breathing patterns but is ignoring the fact that she ends conversations early and makes excuses for any occasion where she could be alone with him.

https://www.synswap.com/

>>8834119
None of that money would move through chainlink
Chainlink is just a fee token...

>>8834134
shut the fuck up with the unimportant bullshit and let the OP put two and two together for brainlets like you.

ITT new chainlink info. I only skimmed the swift live blog and others I am sure there is more info guys.

>>8834144
its pasta

>>8834135
How many links will She pay you to s the d.

>>8834143
The multi trillion dollar industries are going to heavily use the chainlink oracles.

>>8834089
Actually the Fordham pdf talks about the importance of oracle's and cites smartcontract.com

Did you even read it?

>>8834176
If you say so...
A two man team is secretly partnered with every fortune 500 company and all their data will go through chainlink.. because larpers on 4chan convinced your gullible bag holding ass

>>8834134
Can confirm, LINK will never get to $2, let alone $100. This token is irrelevant and no one cares.

>>8834126
>"Agreed to treat payment and other systems feeding data from the world to the blockchain as participants on the chain; avoid calling them oracles"
Why avoid calling them oracles?

>>8834194
> but muh two man dev team
Was 6 months not long enough to accumulate?

>>8834194
so many fudders in this thread. LMAOOOOO

>>8834186
It's a law review article bro. I'm a linkie but being cited in a law review article by a 3rd year law student isn't that big of a deal.

>>8834135
>https://www.synswap.com/

https://www.hyperledger.org/wp-content/uploads/2016/10/distributed_clearing_platform_short.pdf

"Smart contracts react to events
delivered to the platform by trusted
oracles"

Not sure if this is important.

>>8834186
>>8834221
I'm a 3rd year law student and I shill LINK to my friends all the time lol.

>One of the industry's most powerful lobby groups has teamed up with a fintech startup to develop common standards for emerging technologies in the derivatives markets. The first results are expected within weeks, executives say.

Sergey & Co....REALLY jogs the ol noggin.

>>8833901
kek

>>8834194
They are, through SWIFT.
check out who was involved into the POC at SIBOS 2017.
They are also partnered with IC3 which is a community by big players in the industry, like IBM, Intel, fidelity labs (which is owned by Fidelity which is #4 of the biggest asset managers in the world)
So yea, Sergey actually is in contact with all of them.
His connections are insane.

>>8834221
Whether or not it is interesting is not being disputed. You said it has nothing to do with link. It clearly does.

It wasn't a good read though. I will concede that

>>8834234
mind you this was only two months ago. my theory is that the team is making great progress on the financial derivatives front to which they would absolutely need if they want to tap into a trillion dollar market.

>>8834126
what I would like to know more about is what you meant by this.

>>8834134
too soon

>>8834169
there is nothing new you are posting dickhead

>>8833930

>>8834126

Very interesting.. Any theories as to what this means?

My dick is still pretty flaccid but some things here piqued my interest.

>>8834362
Well, Sergey refers to each node in the network as “chainlinks”. He doesn’t call them “oracles”. Maybe hyperledger are prepping for that? Seems a bit far fetched ...

https://wiki.hyperledger.org/_media/groups/requirements/use-case-inventory/marschain_usecase_hl.pdf

someone go through this. I've got more that seemed interesting. point out the highlights if any.

>>8834279
It's why we haven't heard anything about link or oracles, and it's a strategic decision. The blockchain solution is easier to sell to customers if you don't make it seem like there are a lot of separate entities responsivle for making it work. HL is selling a solution, not the blueprint for the solution.

ok so for you req fags

October 16th, 2017
GE Digital is interested in spurring a discussion on Hyperledger blockchain for Financial Master Data Management in ERP at today’s bi-weekly. If you are interested in ERP at global scale this could be an exciting discussion. Please see our Antitrust Policy

Based on discussion a solid blockchain use case emerged for managing financial metadata between customers and suppliers and ERP. Recommended reading is Ian Grigg's triple entry accounting. Projected productivity benefits are automatic payments automatically managing days outstanding.

Second use case is around counterfeiting. As discussed this was more product and supply chain based than ERP financial metadata.

Attendees

Clive Boulton. Independent Lead, Hyperledger
Neviana Zhgaba. Finance Master Data Management at GE Digital
Aaron Bennington, TCS

>>8833865

FUCK OFF FAG SHILL

Vipin Bharathan

Notes:
Need clarification on positioning of smart contracts in the whitepaper. Semantic correctness and state change is included in all smart contracts. Using smart contract in a very general way. Each platform has a specific way of interpreting that. Specify what and not the how.

Attestation on commitment - if you have stable pool of validators -> signatures of f+1 validators going back to genesis block.
In dynamic groups -> ? Town-crier - statistically acceptable.

Ability to do attestation about commitment as a general utility of ledger.

Private Object: Collect data where confidentiality is maintained (differential privacy) - Example query - a quota needs to be kept for number of queries by any party. Submit query, commit to query on ledger, and present proof of commitment. Pull verifiable claims -> prove that you are “*” - resolver. Contract that changes condition on actuator -> action should happen only if tx is committed.

State-proofs -> should not be stale. If validation pool is stable -> here are the k of N to accept truth.
Measure epsilon (IC3 paper) -probabilistic tolerances on Nakomoto - 6 blocks.

Attestation on property of ledger as yet another identity service?

Privacy & Confidentiality track - Build out Vipin’s supply-chain use-case and look at vulnerabilities.

Nathan - Two items
Attestation - how to validate items in Indy/Soverin with SGX. Use-cases blinding and securing data-stream with a third-party that specifies policy on whats allowed/not allowed - Verifiable claim on permissions from secured environment (enclave). Selective disclosure claims as authorization component (that does not rely on standard IDs)
DID - Base level of requirements for interoperable identifiers between HPL ledgers. DID spec in W3C credentials WG, still working on it, chance to get requirements in.

AI: Greg will get an early draft of the smart contract paper for review/input by next meeting
AI: Binh and Nate will work on identity services sections

Attendees:
Ram Jagadeesan, Cisco
Mic Bowman, Intel
Tracy Kuhrt, Hyperledger
Stan Liberman, CME Group
Greg Wallace, Hyperledger, LF
Hart Montgomery
Vipin Bharathan
Leonard
Chris Clason
Emmanuel Abiodun
Todd Little, Oracle

Agenda:
Smart Contract Article
Identity Services

Characteristics of Smart Contract Function:
Richness of programming environment/transaction semantics - Limited scripting of Bitcoin to Turing complete EVM in Ethereum (Limited DSL?)
Should safety be covered under this dimension as an outcome of the choices along this dimension?
Determinism
Smart contract life cycle flexibility - Fixed contracts to dynamic life cycle management
Safety Execution Environment & SC code
Isolation/Sandboxing
There are a number of systems with similar problems such as the native execution sandbox for google chrome (to run javascript on the local machine); the core problem is that participants are asked to run code on their machines that may not have been vetted explicitly
Code-signing/integrity of code
Resource management (while delivering determinism) - time, memory access, disk access. Halting problem.
Confidentiality (SGX, SEV, …)
Does the host have access to all the details on contract
SGX -enclaves
Secure hypervisor
Concurrency/Parallelism/Dependencies
Tied to performance of high scale transaction execution
Could look at bodies of work in parallelization of HPC applications… this is not new
Templating and structuring contract to enable parallelism - annotate dependencies
Formal verification
Program does what’s expected
Often related to characteristics of the language (much easier to do for languages designed for verification)

cont 1/2

Need to capture the tradeoff between flexibility and safety. Dependencies on trust and threat model (Docker containers?)
State could be table or set of tables - EVM state is snapshot of executing VM, Sawtooth state as a closure. Scheme interpreter as a contracting engine - safety proofs - build DSLs. Messages and method invocation instead of transaction. Closure of invocation - a more formal representation - how to capture persistent state, that can be moved around. SC that can manipulate a large database, vs simple self contained variable bindings.

>>8834410
ok so what you are saying is that chainlink could very well be used but its tech is so subtle, that it would be extremely difficult to find any concrete examples of HL talking about it on an enterprise level? did i get that

Meeting Notes 8/30/2017
Attendees:
Ram Jagadeesan, Cisco
Vipin Bharathan BNPP
Tracy Kuhrt, The Linux Foundation
Nathan George, Sovrin Foundation
Daniel Burkhardt
Mic Bowman
Hart Montgomery
Summary of Privacy and Confidentiality meetings <add link to those notes here?>
Covered the UC Model and how to build a privacy model (special note about composability)
Covered how this meeting fits relative to the main Arch WG meetings and the Identity WG deliverables
Smart Contract Article/Section
There is some material in the architecture document
What can we do to get Greg more material to work with?
Spectrum from bitcoin-like simple transfer logic, to other end full turing complete.
Taxonomy of the parts of the system required for this spectrum is important to enumerate.
How about a template for this that each project can fill out and we can use to talk about each project and smart-contract language approaches
1) Bit-coin-like asset-transfer semantics with minimal-state UTXO semantics (log is the state)
2) Indy - Fixed transactions semantics-agreed upon ledger-code. Code is audited and agreed upon as part of overall ledger upgrade/evolution.
3) Bi-lateral/Multi-lateral state, with minimal state on shared-ledger (Corda-like)
4) Transaction families, agreed upon transaction sets that can affect specific state
5) Ethereum-like ...
How does the code/semantics evolve: the language and virtual machine is totally fixed (hard forks). Other end Ethereum - every SC can define - arbitrary evolution.
Scope of state
How do you ensure safety (halting, security, leakage, determinism)?
Concurrency/Parallelism - Semantics - performance
How are transactions specified, what state can be modified, and how do the two interact with one another.
Transaction independence
Total ordering forces single processor processing
Identity Services:
Nathan and Binh and other project leads to flesh out the identity services template, and we will review and refine the functional specification

>>8834489
Please stop dumping these incoherent walls of text without commenting on what they mean or, even better, selecting ONLY the relevant parts before you paste it here. You’re wasting your time and our time

>>8834135
she doesn’t follow Sergey or any SC.com folks on twitter :’(

From Notes & Arch Doc -
Consensus is the process by which a network of nodes provide ordering (atomic broadcast) and validation of a block of transactions (that is, the output of consensus is an ordered list of transactions that is semantically correct and consistent). This may be implemented in different ways such as lottery-based algorithms like Proof of Elapsed Time (PoET) or Proof of Work or voting-based methods like PBFT or Paxos ; each targets different network requirements and fault tolerance models.
Functional Description Core:
Confirms the correctness of all transactions in a proposed block, according to endorsement and consensus policies.
Agreement is on order and correctness and hence on results of execution (implies agreement on global state).
Interfaces and depends on smart-contract layer to verify correctness of an ordered set of transactions in a block.
Additional useful functions:
Provides proofs/hash of global-state to allow late joining (or out of sync) nodes to catch-up.
Supports interfacing to eventing function to support events associated with committed transactions and block-level events
While there are many ways in which consensus as we have defined it might be achieved, our analysis of blockchain platforms suggests the following process is commonly used to handle transactions:


1/2

>>8834535
come on dude. wtf

Process:
CONSENSUS: Transaction is delivered into the pending pool
CONSENSUS: A batch of transactions is selected from the pending pool, and requests sent to the SC layer for application
SMART CONTRACT: The smart contract layer speculatively applies the batch of transactions, returning a proof of correctness and/or change set
CONSENSUS: If the transactions have been successfully applied, they are handed to the ordering service
CONSENSUS: The ordered list of transactions returned by the ordering service, the proof of correctness, and the change sets are broadcast to peers. The validating peers send requests to their corresponding SC layers.
SMART CONTRACT: Peers verify the policy, drop conflicting/incorrect transactions (or blocks), (this must be deterministic)
CONSENSUS: commit the corrected block of transactions, and fire events if any

Select initial state
Validate the correctness of the transaction given state using the smart contract layer.
Compute State Delta and set of events
Order
Verify Independence of State Updates (Viability/Correctness of the Block?)
Commit transactions and fire events
>>8834516
maybe something will catch someone's eye. chill.

>>8833875
This.
Checked.

I need to be on a call for at least another hour and will be back If thread still up.

>>8833930

>>8834143
No, the type of token it is has a specific function on the network. Vornth discusses this or it was in one of Thomas’ YouTube videos. I can’t remember which. Either way, link tokens are a requirement because they enable data to be passed or something.

>>8834279
Link to purchase?

>>8834686
There aren't any. Every online shop had been sold out after people posted them on /biz/.

>>8833901
Dank

>>8834716
You have to go back

>>8834194
Sergey Hacked the election. His code name is Jason Parser. Hes the one behind the shadowfork FUD. Remember how scared you all were? Admit it! You were scared as fuck when you heard shadowfork exit scam... Why would Sergey test us? Because he hates hamburger jokes!

>>8834555
No
>>8834489
This guy is right, stop posting these obscene walls of text

>>8834279
If the singularity happens and we throw a party, everyone has to be wearing these.

>>8834701
But I wanted cosplay as Sergey at the next comicon

you guys still around ok.

Yeah

https://lists.onap.org/pipermail/hyperledger-technical-discuss/2018-April/000751.html

read the above hyperledger email carefully

https://github.com/hyperledger-labs/private-data-objects

>>8834221
Shut the fuck up you fudding piece of shit

>>8835609
Looks like IBM has concluded that they need a decentralized Oracle solution, but I was under the impression they've already dismissed LINK.

$100 eom
$1000 eoy

nothing has ever been so certain

This is the most disappointing larper yet.

>>8835448
>go to chainlink convention and meetup
>tons of autists wearing lucky brand shirts
>some wearing off brands that look almost identical because they couldn't find an original
>everyone is carrying around a sack of big macs and tossing them around to people screaming "SINGULARITY"
>make plans to take our lambos to the nearest strip and rent the place out for the night
>forcefully take money belly with us on a throne as he scowls at all the rich neets
Fun times, lads

>>8835679
$1 sibos
$5 eoy '17

couldnt even meet those targets and now $1000 eoy is 'certain'
lmao

>>8835670
From what I remember they researched link vs some of the others and it stood out as the best option.

Now they are saying - "My preference for talking to external systems is that it is best done through applications and INTEGRATIONS that push info in through transactions and take info out through events.

>>8835609
!!!!!!!!!!!

>>8835731
Is this new strategy more or less favorable for LINK? I tried understanding but can’t

bumperino

>>8835609
Damn is that email from fucking today? Looks like big players are catching on to the need for trustless oracles. I am so excited for the next few months, accumulating link and waiting for the veil of secrecy to be lifted is the only thing keeping me from being a depressed loser again.

>>8833901
This is a very good picture. Do you mind if I save it?

>>8834234

>>8834046
>https://create.smartcontract.com/#/contracts/ac345213037240b1bfeaf32c7aae0ba7
Where's that sentence from? Do they imply who the startup is? This smart contract is pretty much exactly what that is. Sergey working with ISO 20022 standards too... not sure if that's relevant to the derivative market though

>>8833865
This was extremely low quality thread OP. Next time when you post this information you shouldn’t just dump links and expect anyone to read them. You need to post the relevant parts and maybe some commentary. 1/10 thread.

>>8835692
Sounds fun

>>8835731
actually they seemed to not think it was appropriate for permissioned blockchains.

I'm guessing this is wrong if SWIFT used it, and/or plans to use it for hyperledger. Sergey seems to have put the previous smartcontract.com product that he used for the POCs on hold in order to develop the chainlink network, and I'm guessing he didn't just do this on a whim and for no reason. SWIFT and whoever he was working with must have demanded it or why else would he drop what he was doing to work on it and get roasted everyday by bringing in crypto "investors." He realized the need for 100% secure oracle solution and thought that was a missing piece in the product he was selling.

>>8833951
Lol! Best larp in months

>>8835692
I live for this day

IIT: Public information

>>8835692
this thought is what I masturbate to

>>8835529
>Comicon
Kek
>AX is where it's at fren

>>8835692
I need this so bad, holy shit. I'm 100% down.

>>8834084
POCs when talking about emergent tech stands for Poof of Concept.

It's a gay sex slave that functions as a muse for silicon valley guys.

>>8835692
let this happen it would be like the /k/ meetups where they slay goats on a private property which onwer doesnt know about the meetup
but in /biz/ style

>>8833908
Wrong.

>their own
what did they mean by this

>>8835692
>show up to party in Lucky brand shirt
>4-hotdog bouncer outside rolls his eyes and sighs before looking at you to say: "we are all in this together"
>as if you prepared your whole life for this moment, you respond "you are a MANIAC"
>bouncer: "dude, so are you"
>you: "responding to pasta"
>he shakes his head in shame, wondering how so many archetypal autists managed to become his boss, and opens the door

>>8841124
They're own node.
R u gonna run ur own node?
It doesn't mean ull be on a different network or use a different token brainlet

>>8841193
Their.
T. Also Brainlet

>>8841193
D E L U D E D

>>8841124
chainlink isnt an oracle you big dummy
its an oracle NETWORK so what does a network need?

>>8841269
Just fishing for (You)s.

>>8841223
R E T A R D E D