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/biz/ - Business & Finance

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9056697 No.9056697 [Reply] [Original]

LINKER here. Not trying to FUD but JP Morgan have ran a test using their own centralised oracles. What are the implications?
>Market data is being provided by the Thomson Reuters data oracle BlockOne IQ for Quorum.

https://www.nbc.ca/en/about-us/news/news-room/press-releases/2018/20180420-National-Bank-of-Canada-JP-Morgan-test-blockchain-with-debt-issuance.html

>> No.9056746

its for internal use, has not much to do with chainlink, but IF they want to monetize their APIs and do business with others via smart contracts they will have to connect to the chainlink network.

JP Morgan is also involved in chainlink and lots of other blockchain related projects.

>> No.9056795

>>9056697
is it agnostic? is it decentralized? does it matter once swift tells them theyre using link regardless? fuck outta here

>> No.9056828
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9056828

>>9056697
nothing. even if swift and JP morgan never intended to use Chainlinks solution, we have a fuck ton of other potential enterprise clients.

>> No.9056864

>>9056795
>is it agnostic?
yes
>is it decentralized?
no

>> No.9056886

>>9056864
then, like I said, fuck outta here

>> No.9056907

>>9056886
No one gives a flying fuck whether their oracle is “decentralized”

>> No.9056936

poa is better than link, igor said himself, you can build link on poa but cant build poa on link
linkies are dumb as fuck

>> No.9056945

>>9056828
>JP morgan never intended to use Chainlinks solution
but they do, they are involved in IC3 (like smartcontracts.com).
also J.P Morgan had lots of people at Synchronize 2018

>> No.9056962

>>9056907
this
they just want reliable data. and they want it for a good price and fast.

>> No.9056965
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9056965

>>9056936
what is POA and who is igor?

>> No.9056974
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9056974

>>9056907

>>9056962
>centralized
>reliable
lol

>> No.9056994

>>9056974
fucking rekt

>> No.9057017
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9057017

>Private blockchain
>centralized oracle
>internal use only
Just use a database at that point

>> No.9057097
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9057097

IT'S OVER

>> No.9057102

>>9056936
Oh yeah Igor. Well if Igor said it than it must be true. Good old Igor.

>> No.9057394
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9057394

>>9056828

>> No.9057417

>>9056936
>Igor
is that slav version of pajeet?

>> No.9057611
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9057611

>>9057017
Can someone explain to me what boomers use blockchain for if it's not decentralized? Isn't the trade off of blockchain that it's an inherently costly and redundant method of storing data in the name of trustlessness and security? If it's centralized doesn't it just give you all the cons of a blockchain without any of the benefits?