/biz/ - Business & Finance

>>9443107
$1000 EOY

>>9172335
ROPSTEN IS OUT RIGHT FUCKING NOW

>>4435009
good. come back in 2019. now fuck off

>>4417409
>>4417387
>>4417369
>>4417338
>>4417312
>>4417215
>>4417197
>>4417138

Chainlink is presently working with SWIFT on their own SWIFT Smart Oracle. Allowing smart contracts on various networks to make payments, send governance instructions, and release collateral with over 11,000 banks. - (https://www.slideshare.net/slideshow/embed_code/key/HJglipax9KmMPx))

SWIFT's premier blockchain project consists of two main pillars:
1) Distributed Ledger Tech or DLT (basically a blockchain)
2) Smart contracts

Smart contracts are meant to bridge the gap between external data and blockchains.

SWIFT is pretty far along with the first pillar (DLT), but has nothing at all yet for smart contracts; except for Smartcontract.com/Chainlink of course.

The "gpi" thing in OP's pic is a global payments initiative, and the third phase of gpi also involves DLT and related options.
This may very well include Smartcontract.com/Chainlink, of course; but the partnership is still in its infancy.

>SWIFT's premier blockchain project consists of two main pillars:
Source: https://www.swift.com/node/39911

Very first line of that SWIFT document:
>Distributed Ledger Technology (DLT) and Smart Contracts (SC) promise to transform automation in the financial industry, and are generating huge interest amongst financial institutions and technology providers.

Nicely outlines the two main parts as listed above: (1) DLT and (2) Smart Contracts.


Massive consulting firms like Capgemini are devoting entire reports to smart contracts, specifically mentioning Smartcontract.com (= Chainlink) and Sergey Nazarov by name as the sole smart contract solution that can use external data thanks to oracles.
Source: https://www.febelfin.be/sites/default/files/InDepth/smart-contracts.pd_.pdf

Excerpts:
>Sometimes, external inputs such as prices, performance, or other real-world data may be required to process a transaction, and oracle services help smart contracts with inputs such as these.

>>3913450
All info is compiled in https://pastebin.com/6xcsc2jR

So Thats what ChainLink does. ChainLink is the first decentralized Oracle that allows anyone to securely provide smart contracts with access to external data, off-chain payments, and really literally any other API you can dream up. Confirmation of delivery of an items (RFID, like Walton), confirmation of a wire being sent or received, interest rates from any central bank, sports scores, product/machine uptime, price of Eth/BTC in real time, weather patterns etc. Right now smart contracts are simple if/then functions where you go and manually do the if so the then comes back. Now with Oracles smartcontracts can automatically confirm or deny if then statements without any human interaction. Transactional automation for agreed upon terms on steroids.

Anyone can now engrain off-chain data directly onto the blockchain in an actually decentralized way and use that data to directly inform trustless smart contracts, and since the Oracle is decentralized you know the data feed is secure and you’re not concerned with tampering on the Oracle’s part. This is like a skeleton key to actualize the data on the blockchain and apply that data to real world use cases.

Essentially, Smart Contracts are flawed because they, by their very nature, can't interact with data outside the blockchain. Oracles are the bridge which allow that to happen, but current oracles are centralized and could possibly manipulate the data they are passing for their own benefit, which causes big companies wanting to implement smart contracts to get cold feet.

>>3896090
>>3896214
>>3896260

SWIFT's premier blockchain project consists of two main pillars:
1) Distributed Ledger Tech or DLT (basically a blockchain)
2) Smart contracts

Smart contracts are meant to bridge the gap between external data and blockchains.

SWIFT is pretty far along with the first pillar (DLT), but has nothing at all yet for smart contracts; except for Smartcontract.com/Chainlink of course.

The "gpi" thing in OP's pic is a global payments initiative, and the third phase of gpi also involves DLT and related options.
This may very well include Smartcontract.com/Chainlink, of course; but the partnership is still in its infancy.

>SWIFT's premier blockchain project consists of two main pillars:
Source: https://www.swift.com/node/39911

Very first line of that SWIFT document:
>Distributed Ledger Technology (DLT) and Smart Contracts (SC) promise to transform automation in the financial industry, and are generating huge interest amongst financial institutions and technology providers.

Nicely outlines the two main parts as listed above: (1) DLT and (2) Smart Contracts.


Massive consulting firms like Capgemini are devoting entire reports to smart contracts, specifically mentioning Smartcontract.com (= Chainlink) and Sergey Nazarov by name as the sole smart contract solution that can use external data thanks to oracles.
Source: https://www.febelfin.be/sites/default/files/InDepth/smart-contracts.pd_.pdf

Excerpts:
>Sometimes, external inputs such as prices, performance, or other real-world data may be required to process a transaction, and oracle services help smart contracts with inputs such as these.

Posting everything I got

>>3862578

>>3847888
>>3847898
>>3847915
>>3847939
>>3847954
>>3847971
>>3847991
>>3848011
>>3848046
>>3848058

Ethereum is a blockchain with advanced scripting language whichallows running of decentralized applications (dapps) and Smart contracts. What are smart contracts? It is a digital contract planted in the Ethereum blockchain. It is a tamper-proof commitment of all participants of the contract. It is used to exchange money, property, shares etc, without a middleman. Ethereum's creator's description of smart contract is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.

Now, how do we get tamper proof, secure data feeds into Ethereums blockchain in order to expand the variety of use cases. How do we get information, external data, about markets, shares, web API feeds, bank payments, back-end systems, retail payments, real life event data or data about other blockchains into the Ethereum blockchain.

The main use of smart contracts in Ethereum today is management of ERC20 tokens, which are a common functionality in most smart contract networks.The current focus on tokens to the exclusion of many other possible applications is due to a lack of adequate oracle services.

>>3838939


>>3838976
>>3838970
>>3838959

SWIFT's premier blockchain project consists of two main pillars:
1) Distributed Ledger Tech or DLT (basically a blockchain)
2) Smart contracts

Smart contracts are meant to bridge the gap between external data and blockchains.

SWIFT is pretty far along with the first pillar (DLT), but has nothing at all yet for smart contracts; except for Smartcontract.com/Chainlink of course.

The "gpi" thing in OP's pic is a global payments initiative, and the third phase of gpi also involves DLT and related options.
This may very well include Smartcontract.com/Chainlink, of course; but the partnership is still in its infancy.

>SWIFT's premier blockchain project consists of two main pillars:
Source: https://www.swift.com/node/39911

Very first line of that SWIFT document:
>Distributed Ledger Technology (DLT) and Smart Contracts (SC) promise to transform automation in the financial industry, and are generating huge interest amongst financial institutions and technology providers.

Nicely outlines the two main parts as listed above: (1) DLT and (2) Smart Contracts.

Memes incoming

Listen very carefully to what I'm about to say.

Ambrosos wants to represent external data (food) on the blockchain.

Walton wants to represent external data (RFID tags) on the blockchain.

Ripple wants to represent external data (financial transactions) on the blockchain.

These use cases are ENTIRELY contained within ChainLink.

ChainLink is the skeleton key that makes all these proects obsolete. It gives every company the building blocks to use oracles that represent ANY data, not just single use cases like food/RFID/financial transactions, however they want.

The fundamentals of this coin are still very much the same- by far one of the highest ceilings of any other token out there, after all the threads we've had explaining this in detail either you know it by now or you never will.

Stay strong, linkbrahs, the road to the promised land was never meant to be an easy one, but I know that many of us will make it.

4CHAN FINAL MOON MISSION

>ITT Chainlink Lambo Thread 2.0
Post the Lambo you're buying with Link

>>3680495
Hmmmm

Artificially inflated coin that is heavily manipulated by the organization that can instantly generate more coins if they want or LINK?

Nice bait with all the false information though.

XRP has nothing to do with a decentralized oracle solution

ChainLink if anything would be more tied with HyperLedger, considering they have node kits for Bitcoin and Ethereum.

Ripple ICOs, yeah lets make more scams on top of a scam.

Yes it will.

Vitalik is maybe a savant at programming, he doesn't know anything about finance or economics.

Your last point, you are fucking stupid if any major institution can build their own system why would they use Ripple.

Are you even reading your arguments, they are a direct attack on Ripple as well.

Anyone who has been here longer then a year knows that Ripple is a scam and the recent market cap increase is from them buying up and stagnating the circulating supply to artificially create scarcity.

>>3655005
>when you are green

>>3614155

Me too, never looked back.

The eternal norman will forever work relentlessly like a dark nightmare where you are forever running but never going anywhere.

Done. Feels like this is the least I can do to get this coin where it belongs and out of the wastelands of pajeetdelta

Comfy.