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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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15462369 No.15462369 [Reply] [Original]

This is the gpi Link I’m going to talk about btw, which is the settlement layer for smart contracts. Just to qualify you do have to be on gpi and live, but what we did is we announced with r3 a partnership for this PoC, and they’ve been great partners. And we’ve been looking at I think two of their platforms for Trade Finance called Voltron and Marco Polo. Working about how to provide a settlement layer around Smart Contracts on a distributed ledger platform.

We are looking at other platforms too. We know Hyperledger and Consensus have a lot of Ethereum based products/projects. Digital Asset is also out there. We realized in the verticals it’s beyond trade finance into maybe commodity trade finance, insurance, and the securities and derivatives world.

>> No.15462392

umm... good for you, i guess?

>> No.15462428

But the basic idea is basically I’d like to tell a story about mangos. I can imagine a world where I am a buyer of mangos. I enter into a smart contract with a seller and there’s certain conditions with that contract. Right? The crate of mangos has to weigh a certain amount. Maybe it’s on a boat from the Caribbean and I don’t want those mangos going above 95 degrees during the entire voyage. I want it to arrive at a certain time, I want the pallet to be certain dimensions when it arrives. And guess what with the IoTs and Sensors you can guarantee all these things right? So it would be great if all these things were guaranteed via these “oracles” or third party sensors. When the mangos hit the port knowing that all these conditions were met, it would be cool if you could pay for the mangos and the mangos could be delivered in an automated way according to the conditions of the smart contract.

>> No.15462440
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15462440

>>15462369
>>15462428
Whoa based ghost writer. Tell us more.

>> No.15462446

>>15462440
The problem today is that most smart contracts use native tokens. You want like this atomic swap for mangos for cash. The problem with using tokens though is that number one there’s not a lot of regulatory certainty around them. Number two, there are some stable coins but the vast majority of them have a lot of FX swings. So I want to know if I’m paying $100 or $5000 of ether for these mangos right? And then additionally just the network effect. You want to know if you’re going to have enough participants to play with. And that could be just at an operational level like how do I pay you or at a KYC compliance level.

>> No.15462456
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15462456

>>15462446
Yes tribalism is encouraged by moon faggots. What if we could link them somehow

>> No.15462472

is this a call transcript?

>> No.15462481

>>15462472
So what we were considering, what we’re doing right now in fact, is that if you can meet all these conditions, the mangos could make it to the port, there could be an API call to initiate the payment directly to the bank triggered by the smart contract. The payment for the mangos could be released and because all gpi payments are confirmed, at the exact moment of confirmed I could have the mangos.

>> No.15462499
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15462499

>>15462456
You can have these smart contracts and make them truly smart. If there’s not delivery, if there’s not an atomic swap or delivery vs payment of the goods based in the conditions of the smart contract, it’s not a smart contract. It’s the same contracts we’ve had for 4000 years.

>> No.15462524

>>15462499
hory shit now that is a ~rare~ sergey

>> No.15462552
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15462552

>> No.15462569

So is gpi Link going to use Chainlink? Can we buy the mangos with Chainlink?

>> No.15462577

>>15462552
>>15462499
>>15462446
>>15462428
>>15462369
hi sarjeet

>> No.15462584

>>15462569
Gpi link has literally nothing to do with chainlink.

>> No.15462599

>>15462584
We don't know whether that's true or not.

>> No.15462618
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15462618

>>15462577
Checked for pajeet infestation

>> No.15462626

>>15462369
Oi what is this

>> No.15462634

Bump for interest. Tell us more anon.

>> No.15462651
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15462651

>>15462428
>But the basic idea is basically I’d like to tell a story about mangos.

>> No.15462652
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15462652

>>15462584
T.

>> No.15462656
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15462656

>>15462651
>>15462652
T. Mango anon

>> No.15462673
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15462673

>>15462499
Okay found your trail.
>43:38
Is this what you're quoting from?

>> No.15462677
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15462677

>>15462584
>>15462656
Stop the fud it is getting so fucking annoying.
To every new linker here: sirgay is talking on a stage together with sminem and dawn song in octobre. Dawn song is the co-director of ic3.

>> No.15462682
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15462682

>>15462677
DELET THIS

>> No.15462685
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15462685

>>15462673

>> No.15462686

>>15462651
absolutely based dutchposter

>> No.15462687

>>15462673
Well done.

>> No.15462707
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15462707

>>15462685
>>15462687
Just sharing crumbs or do you know more? Cheers either way, going through it now.

>> No.15462709

>>15462707
I don't know anything more.

For the apis they work like apis work anywhere. You put things, you post things, you delete things, you get things. The difference that swift is bringing is that by routing them over the swift network were providing a lot of important value added services when we’re talking about confidential or impactful financial information. We have a framework for identity management. And most importantly is that we’re a standard’s body. And I think standards are going to be essential in this apis journey that it feels like banks and governments are on.

If there are to be apis it’s important that a payment be represented in a certain way. That a trade, letter of credit, a payment confirmation, an fx confirm are codified in a way that you know whether as a corporate or fintech or any underlying customer that you know when you’re communicating with Bank A, b, or c, there is a standardized and uniform way of representing those transactions.

>> No.15462720

>>15462709
So are we going to see 10$ LINK this sept or no?

>> No.15462738
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15462738

>>15462677
Delete this reeeeeee this is discord only information

>> No.15462751

>>15462709
So...are we going to fuck or not?

>> No.15462813
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15462813

bo

>> No.15462856
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15462856

>>15462738
Send me an invite to the discord or I will keep posting good Infos for nulinkers

Send the invite to: Goy@anonmails.de

>> No.15462878

>>15462856
man fuck the discord bro, bunch of fucking faggots who are shitting in the hand that fed them, biz gave me link and for that I am eternally grateful to this place, discord name fag cunts will get the rope

>> No.15462887
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15462887

>>15462709
Just finished it. Everything he said screams of LINK. It also reminded me of Sergey at the fireside chat saying that we'd get insurance and derivatives first followed by supply chain.

>mangos
I'm getting island vibes mon

>> No.15462972
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15462972

>>15462856
That was me, samefagging

>> No.15463817

Bump for amerifats
FUCK NOLINKERS

>> No.15463902

And I feel the despair slowlying fading from the night before. I am free for this moment thanks to OP. Soon I will be back to where I started. Pooing in the street