Tag: smart contracts
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Transforming Asset Servicing Report: Chainlink Diagram Summary
Chainlink in collaboration with major market players have made a new report on structuring and distributing corporate data via industry-wide, unified golden records. You can read the full report here. Overview Current Challenges in Corporate Actions Technological Approach Phase 1 Results
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Numerai Makes Crypto Meta Model Public
Numerai has made it’s crypto predictions public here for traders to use. Interpreting the Numerai data involves understanding several key components related to model performance, correlations, and historical data. Here’s a breakdown of what this information tells us about potential trading strategies: Model Performance Current Model Correlations Historical Data Interpretation The historical data provided includes…
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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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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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Cómo las transferencias de tokens programables CCIP desbloquean la innovación entre cadenas
Aquí hay un mapa conceptual del artículo.
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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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Smart Contract use of Require Statements; A Cautionary Tale
In March 2023, Euler Finance was hacked for $200 million, thereby drawing attention to one of the critical DeFi protocol elements: the importance of adherence to the core protocol invariants. Such an incident highlighted that developers must not focus only on the functional safety of a program but also should focus on ensuring that the…
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What Are Intent Engines in Smart Contracts?
The Evolution and New Challenges Blockchain APIs are open by default, providing users with far too many choices in Web3 environments—a complexity that presents itself regarding optionality. Such a sea of decision trees and possible actions would best be explored by an automated system, requiring the user to be simply capable and not overwhelmed. Evolution…
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DTCC Reluctant to Take on Tokenization as their T1 Settlement Solution
Opening Comments Jennifer Peve, the Global Head of Strategy and Innovation at the DTCC, came out to admit that she doesn’t believe blockchain is the solution for one to help with the U.S. transition to one day (T1) settlement happening in May of this year. She was talking at a symposium on the tokenization of…
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How AI and Smart Contracts can Work in Harmony
Introduction to AI and Blockchain Integration So, we’re talking about mixing AI with blockchain, and it’s pretty much like adding a turbocharger to your car. It’s a game changer. OpenAI is leading the charge in shaking up a bunch of industries, and now it’s blockchain’s turn to get a makeover. Transforming Smart Contracts with AI…
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How to do Smart Contract Testing
Introduction to Smart Contract Testing When we talk about smart contract testing, it’s like double-checking everything in your smart contract (which is just a fancy term for a self-running agreement that lives on the blockchain) to make sure it does what it’s supposed to do without any hiccups. Think of it as proofreading your essay…
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Smart Contract Diagram Key Features & Applications
This diagram outlines key features and applications of smart contracts.
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Citi Goes Live On Two Smart Contract Platforms for Equities, Loan Syndication.
To further enhance the effectiveness and protection of financial transactions in different areas, Citi Securities Services recently started to operate on two major smart contract platforms which could have a positive impact on the industry in terms of efficiency. HKEX Synapse: One of the platforms where Citi has linked its services with is HKEX Synapse…
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ARK Predicts Smart Contract Economy to Grow Massively
Ark Invest, a beacon in the investment world, has thrown its weight behind an audacious claim: the realm of smart contracts is on the brink of exploding into the trillions. Diving deep in their “Big Ideas 2024,” they serve up an eye-popping picture: smart contracts, those digital magicians; conjuring up $450 billion in yearly fees…
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Chainlink Sage Launched on OpenAI’s GPTs Store
ChatGPT (openai.com) now has a Chainlink specialized GPT that can better respond to questions regarding the oracle network. According to the model directly, this is what its knowledge base includes.
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Progmat & MUFG Seeking Stablecoin Settlement in Trade With Emerging Markets
MUFG, Japan’s biggest bank, is diving deep into blockchain, eyeing those permissionless stablecoins to smooth out trade deals with the up-and-coming markets, aiming to make exporting from Japan a breeze. They wanna give the same sureness that payment’s gonna happen just like a letter of credit does but without needing a bank to back it…
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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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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…