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/biz/ - Business & Finance


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9249171 No.9249171 [Reply] [Original]

https://medium.com/chainlink/chainlink-an-overview-and-our-focus-14f03335b803


"We’re currently working with multiple smart contract development teams on their use of ChainLink as both a way to add external data to their own contracts, and/or for use by contracts generated on their own platform."

Right here shows that they are not onlhy working with companies but also other blockchains. I suspect Hyperledger, Chain, R3, etc. Yes some of those have an oracle solution to bring data in but are not able to communicate across blockchains or able to prove a decentralized approach to the external data.) I suspect Hyperledger will be the larger one as many companies have been testing it and its is part of the linux foundation (open source like chainlink) and IC3.

"We’re also working with larger technical teams applying smart contracts to an existing company’s back-end, as well as the teams building smart contracts in private networks."

SmartContract as a company is actually creating smart contract solutions for large corporations. Every one of these corporations are going to be nudged to use chainlink. Another reference to private networks, I am thinking these are companies that are using chain, quorum, and similar private and semi-private chains. The truth is many of the big corps don't want full transparency on a public blockchain and will go with a private chain. Either way Chainlink is positioned to get business from both uses.

"As a result of our ongoing work with agile smart contract development teams, payment networks, banks, and financial institutions, we’re making ChainLink useful for technical teams of all sizes."

Literally says right here they are workign with payment networks, banks, and financial institutions. Unless Sergey is a liar, here is proof Chainlink will be used by the above.

>> No.9249257

>>9249171
Thank you fren

>> No.9249293

"We’re currently working with multiple data providers, payment networks, and various API services, which we are actively enabling to be these key building blocks for the next highly successful smart contract. "

and various API services - Mulesoft???

>> No.9249310

Chainlink being above 1$ defeats its purpose

>> No.9249375
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9249375

bzzzzzzzzzzzzzzz

>> No.9249591

Question: If swift uses chainlink on hyperledger, what use do my ERC20 tokens do? How do we get profit. Also this is future fud.

>> No.9249655

>>9249591
Read the Whitepaper again

>> No.9249705

>>9249310
kek, like 9k btc is "too expensive to buy"

>> No.9249712
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9249712

bump

>> No.9249826
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9249826

>>9249310

>> No.9249851

>>9249591
>ERC20

thats where you re wrong

>> No.9249869
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9249869

>>9249171
Peace be with you, marine.

>> No.9249940

>>9249171
This is stale? I've read this before lol why posting now

>> No.9250010
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9250010

>>9249310
its funny because chainchink being below 1$ actually defeats the purpose XD
if the network is used by businesses as projected then there will be such a high minimum volume of value being put through the network at any given time that even if all the LINK was locked up as collateral for contracts, it would NEED to be over $1 per LINK to even facilitate a single billion dollars of volume at that given moment in time.
One single billion would be nothing lelelelellelel

>> No.9250119

>>9249171
we know for a fact they are not working with the actual hyperledger team, at least as of this blog post and then in December 2017, because in the hyperledger emails they didn't really even understand chainlink nor it's use of towncrier.

>> No.9250214

>>9249171
>blog post from December
>talking about it in fucking MAY as if it's news
The absolute state of stinky linkys
No one is buying your shit token

>> No.9250366

>>9249851
Wew erc677 .

Wew ropsten is erc20, my links are erc20

Wew thanks for being useless in my question

>> No.9250378

>>9250366
Transfer and call

>> No.9250431

>>9250214
shhhhh, let them have hope. biz needs a meme coin to shit on

>> No.9250470
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9250470

>> No.9250471

>>9250378
Example pls. I’m gonna reread the white paper.

Here’s the example, tell me where I’m wrong.

A bank needs Swift to transfer 1 USD to rmb. They send a message code, the code goes and gets information from an oracle provider on hyperledger. The oracle provider contacts 10 nodes through APIs that are connected to various “official USD TO RMB” banks. Each node requests 1 chainlink token. But hyperledger use some tokens? This is where’s I’m confused