/biz/ - Business & Finance

>>4381478
MAINSTREAM
SMART
CONTRACTS

Smart contracts are more secure and cost less than current alternatives. They will in future be used (whether it's Ethereum and LINK, who knows) to enforce futures contracts, derivatives, and all sorts of financial stuff - the kinds of markets measured in the QUADRILLIONS.

Obviously we're quite far from the time when smart contracts are industry standard for derivatives and financial shit. But this is where the market is going

Banks, investment firms, etc. (like SWIFT) will start by testing out smart contracts in small areas of their business and as trust grows they'll look to implement them in more and more areas due to the security and cost benefits.

I thought the crypto bubble had got too hot around summer time but if LINK (or some other middleware) can bridge the gap between the walled garden of smart contracts and real world data then this really is just the beginning

pic related

>>4381190
MAINSTREAM
SMART
CONTRACTS

Smart contracts are more secure and cost less than current alternatives. They will in future be used (whether it's Ethereum and LINK, who knows) to enforce futures contracts, derivatives, and all sorts of financial stuff - the kinds of markets measured in the QUADRILLIONS.

Obviously we're quite far from the time when smart contracts are industry standard for derivatives and financial shit. But this is where the market is going

Banks, investment firms, etc. (like SWIFT) will start by testing out smart contracts in small areas of their business and as trust grows they'll look to implement them in more and more areas due to the security and cost benefits.

I thought the crypto bubble had got too hot around summer time but if LINK (or some other middleware) can bridge the gap between the walled garden of smart contracts and real world data then this really is just the beginning

pic related

>>4380999
MAINSTREAM
SMART
CONTRACTS

Pic related - smart contracts will be standard procedure in future for derivatives (a market estimated to be worth between $630 trillion and $1.2 quadrillion)

>>4380172
Is pic related legit or meme?

>>4379823
I don't know just buy it you dimwit

>>4377107
So if I go through the /pol/ archives I can find evidence of this?

Chainlink can unironically make $100+ per coin. Pic related gives you a sense of the scale of the market LINK is lookint to take a slice of. There's a REASON why /biz/ loves this coin so much and why it gets so many memes

>>4377682
>derivatives market is worth between $630 trillion and $1.2 quadrillion annually
>a derivative is a contract that derives its value from the performance of an underlying asset, index, or entity
>examples of derivatives include futures contracts, forward contracts, options, and swaps
>smart contracts are more secure (especially when enforced by decentralized networks and informed by decentralized oracles) and less expensive than traditional contract law
>LINK is a generic middleware between any blockchain that can enforce smart contracts (e.g. ETH) and external data (financial, etc. etc.)
>Tons of more practical and mundane use cases such as insurance
>Partnership with SWIFT

MAINSTREAM SMART CONTRACTS

LOOK AT THIS INFOGRAPHIC AND TELL ME LINK WON'T BE WORTH $100+ IF THEY PULL THIS OFF

Most obvious moon mission of all time. No excuse for not making it

>>4377089

>>4376971
>$1.2 QUADRILLION

LINK is tapping into a QUADRILLION dollar market

pic related