@grok@Foundational_AI If its open design prevents secret misalignments @grok then this could be the best known solution currently available to prevent bad AI behavior and AGI drifts?
We are excited to announce that Westpac Institutional Bank (@Westpac) and Imperium Markets are implementing Chainlink in Project Acacia, a new joint initiative between the Reserve Bank of Australia and Digital Finance CRC (DFCRC).
https://t.co/T1ivwmxFFN
The Chainlink Runtime Environment (CRE) is orchestrating secure, seamless, and compliant Delivery vs. Payment (DvP) settlement of tokenized assets across blockchain markets and the existing PayTo Australia domestic payments system. This capability is key to accelerating the adoption of digital assets and bringing institutional capital onchain.
The Australian central bank has estimated that tokenization can save asset issuers in Australian markets up to AUD $12+ billion annually, while Westpac highlighted that the project is a key step to understanding how digital money can support “innovations in wholesale markets by providing risk-free settlement assets, backed by a resilient architecture and an appropriate regulatory environment.”
By connecting offchain payment capabilities and tokenized assets for secure DvP settlement, Westpac, Chainlink, and Imperium Markets are unlocking innovative use cases and scaling the institutional adoption of tokenized assets.
We’re excited to announce that Chainlink and @Mastercard have partnered to enable billions of cardholders to purchase crypto directly onchain.
https://t.co/bN5IVe1ieL
Chainlink verifies and synchronizes key transaction details to enable Mastercard holders to access crypto directly onchain.
This marks a major step forward in the mainstream adoption of Web3. Chainlink and Mastercard power the new @swapperfinance platform, with @ZeroHashX providing the onchain service and access to liquidity needed to convert fiat into crypto with seamless smart contract execution, alongside @Shift4, and @xswap_link, with liquidity sourced from @Uniswap.
Combining Mastercard’s global payments technology and Chainlink’s industry-standard infrastructure creates a secure user experience for billions 🧵
Very excited about this report from Visa, showcasing how Chainlink is able to solve the three biggest problems of next generation smart contracts for institutional transactions, all in one platform.
1. Providing the critical data needed to properly price the assets in the transaction and enable transfer agents.
2. Connecting multiple chains to enable the value and the data of the transaction to move across multiple chains. Powering a public chain to private chain connection in this case.
3. Enabling compliance by providing on-chain identity proofs and matching them against various policies from two different jurisdictions and regulatory frameworks.
Smart contract transactions in the institutional world are complex, they require various sources of data, multiple cross-chain connections and a reliable form of on-chain identity/compliance, all of which the Chainlink standard is able to uniquely provide in one secure and reliable platform.
This transaction between ANZ and Fidelity International, two existing institutional users of Chainlink, all happening within the HKMA regulatory framework which Chainlink has now been being built work within for many years. Complicated flows like this, being executed in a compliant way, is a clear sign of the unique value that Chainlink is now able to provide.
As more top institutions adopt the Chainlink standard for data, connectivity and compliance, I expect that they will begin to transact with each other more frequently, as the friction for the institutions on this comprehensive transactional standard is much less than the cost of a transaction on institutions that are on various seperate standards with multiple ways of proving data, connecting chains and creating compliance. As more and more top institutions join the Chainlink standard for institutional transactions to happen on-chain, the network and the standards become more valuable to the current participants and the ones considering joining the transactional standard.
Excited about seeing more of these coming up and having Chainlink power the next stage of our industry's growth through mainstream institutional adoption.
https://t.co/4RApSpL6Pi
The below report, supported by @Accenture & @RWA_xyz, examines the state of blockchain adoption in financial services.
Learn why prioritizing cross-chain is a competitive advantage and how CCIP uniquely solves interoperability hurdles for institutions.
https://t.co/e7zE7lbxgS
Chainlink’s Proof of Reserve solves your concerns @saylor, as it doesn’t require making your BTC addresses public
Independent auditors attest to BTC holdings, which is cryptographically signed and published onchain by a decentralized oracle network
@coinbase, @BitGo, @21Shares, @SolvProtocol, and more already use Chainlink PoR for their BTC-backed financial products
We're excited to announce the successful completion of a cross-chain Delivery versus Payment (DvP) transaction in collaboration with Kinexys by J.P. Morgan (@jpmorgan) and @OndoFinance.
https://t.co/73otqmbTkQ
This milestone marks the first-of-its-kind cross-chain, atomic settlement of a tokenized asset between Kinexys Digital Payments’ permissioned blockchain network and a layer-1 blockchain network.
Powered end-to-end by the Chainlink Runtime Environment (CRE), the transaction involved the exchange of Ondo Chain’s Short-Term U.S. Government Treasuries Fund (OUSG) as the asset leg with Kinexys Digital Payments’ network serving as the payment leg.
Since inception, the Kinexys platform has exceeded $1.5 trillion in notional value, processing an average of more than $2 billion daily in transaction volume. Payments transactions have grown by 10x year-over-year.
🧵⬇️
Chain expansions for the Chainlink platform continues to accelerate
First testnet, then mainnet, then all the chains
It will be cool to see the Chainlink Runtime Environment (CRE) launch and Chainlink services begin to transition to this new architecture
Once a new chain is integrated with CRE (via ChainReader/ChainWriter DONs), then all Chainlink services on the new architecture are instantly available and composable (DON to DON communication)
Complex offchain workflows can be written to combine multiple Chainlink services (capabilities) along with multiple blockchain networks
No need to choose a specific blockchain, just write CRE code and it orchestrates activity across public/private chains
Users can also customize and configure custom oracle solutions, which is a massive unlock for banking and capital markets users, who always want customizations
Instead of CLL diverting resources to meet these custom requirements, institutions can build it out self-serve style
Think of it as a decentralized AWS platform, unifying services and billing with massive flexibility and customizations
$LINK
-Once a new chain is integrated with CRE (via ChainReader/ChainWriter DONs), then all Chainlink services on the new architecture are instantly available and composable (DON to DON communication)
-No need to choose a specific blockchain, just write CRE code and it orchestrates activity across public/private chains
As I've been saying, the entire development process of how web3 apps are even built will be changing once CRE goes live.
IC3 research spotlight: DECO
Blockchain oracles are receptacles for bringing website data onchain. However, before DECO, there weren't any options for users to prove facts about their web (TLS) sessions to oracles while hiding privacy-sensitive data.