/biz/ - Business & Finance

>>58189529
Synergetic. First off they run an Identity Oracle. Every user who creates an Everwallet to purchase RWAs is also creating an Human/Unique Identity available to Query in Smart Contracts.
https://everestdotorg.medium.com/everest-is-now-a-data-provider-on-the-chainlink-network-bringing-novel-identity-data-to-377039492189
https://developer.everest.org/#everest-identity-oracle

Their RWA tokenization platform CRDT is able to create contextual Smart Contracts that react to external data from sources such as other Chainlink Nodes.

>>58190905
Yes.
Human Identity needs to be properly provided in order for a god protocol to work. Humans provide individual inputs making requests. If they can alter who they are at will they can Oracle/Sybil attack the network through Identity Fraud.

Everest's Oracle proves:
A user is Human/Unique
A user is who they say they are
A user cannot transfer their wallet/Identity to someone else

The missing piece of the God Protocol. Every Smart Contract has intended interactions 'per user' and there has been no way to verify this until now:

https://twitter.com/chainlink/status/1604859606156599296

https://chainlinktoday.com/everest-provides-identity-data-via-chainlink-network-to-support-new-web3-use-cases/

Novel Identity is just as needed as Decentralized Oracles for blockchain to function properly. No matter how decentralized your Oracles are Smart Contracts can still be exploited & gamed outside of intended design by the simple act of creating a second/third/thousandth wallet.
Chainlink hasnt been able to solve this either on it's own. Case and point:

https://finance.yahoo.com/news/chainlink-whale-oldwhite-used-more-202258907.html

With Everest's biometric key based wallet design a user can only make a single wallet, and then via the Identity Oracle can bridge the data proving their individuality + proof of human cross-chain & handshaking with a user's other wallets.

From this you could for example run an airdrop.
10,000 drops available: 1 airdrop claim per user.
>User claims Airdop with Metamask wallet #1
>User handshakes Metamask #1 with their Everwallet
>Smart Contract verifies they are an individual human
>User recieves their airdrop

>Same user tries to claim airdrop with Metamask Wallet #2
>User handshakes Metamask #2 with their Everwallet
>Smart Contract can tell they have already claimed the airdrop
>Rejected

>Airdrop is now secure from being extracted by a Sybil Exploit.
>With the exploit removed the drop holds its value

1 Link = 1 ID

>>56147978
ID… Enjoy it

>>56145599
>>56145588
Enjoy it.

The missing piece of the God Protocol. Every Smart Contract has intended interactions 'per user' and there has been no way to verify this until now:

https://twitter.com/chainlink/status/1604859606156599296

https://chainlinktoday.com/everest-provides-identity-data-via-chainlink-network-to-support-new-web3-use-cases/

Novel Identity is just as needed as Decentralized Oracles for blockchain to function properly. No matter how decentralized your Oracles are Smart Contracts can still be exploited & gamed outside of intended design by the simple act of creating a second/third/thousandth wallet.
Chainlink hasnt been able to solve this either on it's own. Case and point:

https://finance.yahoo.com/news/chainlink-whale-oldwhite-used-more-202258907.html

With Everest's biometric key based wallet design a user can only make a single wallet, and then via the Identity Oracle can bridge the data proving their individuality + proof of human cross-chain & handshaking with a user's other wallets.

From this you could for example run an airdrop.
10,000 drops available: 1 airdrop claim per user.
>User claims Airdop with Metamask wallet #1
>User handshakes Metamask #1 with their Everwallet
>Smart Contract verifies they are an individual human
>User recieves their airdrop

>Same user tries to claim airdrop with Metamask Wallet #2
>User handshakes Metamask #2 with their Everwallet
>Smart Contract can tell they have already claimed the airdrop
>Rejected

>Airdrop is now secure from being extracted by a Sybil Exploit.
>With the exploit removed the drop holds its value

1 Link = 1 ID

>>54248429
Chainlink is currently like having an Internet except the Home PC doesn't exist to use it.

Individual people NEED to become Data Points to properly interact with Smart Contracts or else the network will be Sybil attacked. (Using multiple wallets to game a Smart Contract to one's favor)

Sergey Once Said: There is a very large Universe of Usecases looking to be connected to front ends that prove who somebody is.

Prove who somebody is = Everest
and you can access that large Universe of Usecases = Chainlink

The EverID wallet already provides Identity and proof of Unique human with it's biometric design.

Identities can be directly queried via Everest's Chainlink Node:
https://developer.everest.org/#everest-identity-oracle

All that is missing is Everest's pending Identity Widget to easily onboard & query users, from any website/app. which will also be able to verify Social Media Accounts. (Social Media verification will go a long way helping Chainlink Functions because Web2 Data/ is corrupt, full of bots/multi=accounts making false interaction data)

>>53121168
The best are never appreciated before their time.
https://twitter.com/chainlink/status/1604859606156599296

>>53062929
The missing piece of the God Protocol. Every Smart Contract has intended interactions 'per user' and there has been no way to verify this until now:

https://twitter.com/chainlink/status/1604859606156599296

https://chainlinktoday.com/everest-provides-identity-data-via-chainlink-network-to-support-new-web3-use-cases/

Novel Identity is just as needed as Decentralized Oracles for blockchain to function properly. No matter how decentralized your Oracles are Smart Contracts can still be exploited & gamed outside of intended design by the simple act of creating a second/third/thousandth wallet.
Chainlink hasnt been able to solve this either on it's own. Case and point:

https://finance.yahoo.com/news/chainlink-whale-oldwhite-used-more-202258907.html

With Everest's biometric key based wallet design a user can only make a single wallet, and then via the Identity Oracle can bridge the data proving their individuality + proof of human cross-chain & handshaking with a user's other wallets.

From this you could for example run an airdrop.
10,000 drops available: 1 airdrop claim per user.
>User claims Airdop with Metamask wallet #1
>User handshakes Metamask #1 with their Everwallet
>Smart Contract verifies they are an individual human
>User recieves their airdrop

>Same user tries to claim airdrop with Metamask Wallet #2
>User handshakes Metamask #2 with their Everwallet
>Smart Contract can tell they have already claimed the airdrop
>Rejected

>Airdrop is now secure from being extracted by a Sybil Exploit.
>With the exploit removed the drop holds its value

1 Link = 1 ID