Tag: chainlink
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Infographic: Introducing the Chainlink Digital Assets Sandbox
The following infographics are from the Chainlink blog post on their new turnkey solution for financial institutions. Overview of Digital Asset Journey The Tokenized Asset Opportunity The Chainlink Digital Assets Sandbox
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Concept Maps: Chainlink Digital Asset Insights: Q2 2024
Introduction This summary of the blog post focuses on how institutions will integrate with the blockchain ecosystem now and in the future. Key elements for integration include transparency, cross-chain interoperability, custody, settlement, and security. You can read the full article here. 🏛️ Financial Institutions Exploring Blockchain: This includes initiatives such as cryptocurrency ETFs and asset…
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Chainlink Concept Map: Unified Golden Records for Tokenized Assets
Tokenization of RWAs: The process of representing real-world assets as digital tokens on blockchains and its potential to revolutionize asset management. Current Challenges with Tokenization: Issues such as fragmentation across blockchains and the need for consistent on-chain data. Unified Golden Records: A solution that provides a verifiable, updateable, and synchronized data container for tokenized assets,…
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Concept Map: The Intersection Between AI Models and Oracles
The following is a concept map of the recent blog post from Chainlink regarding the possible relationships and synergies between blockchain tech and artificial intelligence. You can read the full article here.
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Concept Map: 3 Key Architectural Decisions Behind CCIP’s Advanced Security
Chainlink’s Cross Chain Interoperability Protocol has 3 key Architectural tenants regarding security.Below is a concept map of chainlink’s blog post on CCIP Architecture.
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New VC Law To Accelerate web3 Growth in Japan
Cabinet Approval for New Crypto Investment Structures On Friday, Japan’s Cabinet approved legislation called the Industrial Competitiveness Enhancement Act. This is to be enacted through an inclusion in the bill of a provision that would permit limited liability partnerships (LLPs), a structure commonly used by venture capital (VC) firms, to invest in crypto assets. Evolving…
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Early Adopters of CCIP
Synthetix just dropped some big news—they’re hooking up with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for their latest Synthetix V3 platform. It’s a pretty sweet deal for folks in the cross-chain game. Basically, this means you can now move sUSD, Synthetix’s own stablecoin, between Ethereum and Optimism without a hitch. They’re not stopping there; they’ve got…
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Chainlink Blog CCIP Summary and Keyword Diagram
Chainlink’s recent blog post discusses their Cross-Chain Interoperability Protocol (CCIP), a significant advancement in blockchain technology. CCIP allows DeFi applications to connect with users and other DeFi applications across multiple blockchains through a single interface. It also simplifies the integration of traditional financial systems onto the blockchain. The article highlights CCIP’s potential to revolutionize DeFi…
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Cross-Chain Bridges, what CCIP Aims To Solve
There is a vital role of cross-chain bridges in the web3 ecosystem, their importance in asset transfers between blockchains is only increasing as more chains come online. Despite being pivotal for Web3 innovation, these bridges face major security challenges, having been compromised for over $2.8 billion, nearly 40% of all Web3-related thefts. The post advocates…
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A Bizdev Study: RM2 & Chainlink
It’s been a year since Chainlink Labs began laying off much of its sales team amid the market downturn. During this time, Chainlink wisely continued hiring for technical roles. Since then the team has made considerable progress in staking, CCIP, and in collaborations with large institutions. Considering that this refocusing effort can be considered a…
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How Smart Contracts Can Prevent Bank Failures
There has been much talk about how proof of reserves(PoR) should be required for crypto exchanges. Less talked about is a how proof of reserve systems may also bring benefits to traditional banks. Here you’ll uncover and explore the proof of reserve use case in the context of open banking smart contracts. Open banking, facilitated…
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The Digital Dollar is the New Petrodollar, Because Data is The New Oil
Stablecoin leaders are singing a more pragmatic tune as of late. Paxos’ former head of portfolio management Austin Campbell spoke at the U.S. Financial Services subcommittee on digital assets. Himself, among other industry leaders, gathered in part to defend the industry and highlight good actors in the space. Austin started by noting that jobs will…
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Comments on The Chainlink White Paper, Part 2: Szabo’s Vision
In principle, any contract which can be negotiated through a trusted third party (such as an auction or exchange) can be negotiated directly. So, in some abstract sense, the only remaining “hard” problems in smart contract negotiations are (a) problems considered hard even with a trusted intermediary (for the standard economic reasons), and (b) the…
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Comments on The Chainlink White Paper, Parallels to Early Web: Part 1
Components: 1. A simple on-chain data aggregation system 2. A more efficient off-chain consensus mechanism What differentiates ChainLink from other oracle solutions is its ability to operate as a network. Chainlink White Paper For any protocol or network to become widely adopted, it needs to have flexibility. As you’ll see, it’s where Chainlink places thoughtful…