I think the technical term to describe this situation is "now we're cooking with gas"
I wonder what happens when the world's largest financial institutions decide to go on-chain because being on-chain becomes a "national priority".
Seems likely they will need a secure and reliable way to utilize various kinds of data on-chain to build their financial products. I can also see them needing a reliable way to interconnect all their chains to transact in a secure, compliant and efficient manner accepted by regulators. Something like what TCP/IP does for the internet, but built to handle cross-chain transactions and able to work for institutional systems/use cases.
It might also be nice if they had a simple development environment from which to manage all this complexity, something like a runtime environment that makes it easy to rebuild all their existing financial products and transactional flows on-chain. If that development environment was already integrated with their existing standards like Swift and their existing CSDs like DTCC, that would make it a lot simpler for them. If only there was a single platform where they could get all of these key building blocks to work together in a secure way...
Exciting times ahead.
.@Coinbase Asset Management Deputy Chief Investment Officer Marcel Kasumovich joins @JillMalandrino from @chainlink#SmartCon2024 on @Nasdaq#TradeTalks to discuss how blockchain technology is helping to advance the digital payments sector. https://t.co/jipyyxgyZy
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We are excited to introduce @transporter_io, the next evolution in cross-chain bridging, powered by #Chainlink CCIP.
Transporter is your gateway to the multi-chain universe.
Cross chains with confidence: https://t.co/OJ9XWcAy4F
From tradfi to defi, the cross-chain standard is here.
Today, Chainlink Cross-Chain Interoperability Protocol (CCIP) has entered into Mainnet Early Access, marking a key milestone for the Chainlink ecosystem and the broader blockchain industry. CCIP provides the foundation for true on-chain finance and the internet of contracts. Exciting day. #LinkTheWorld
https://t.co/4fBaUDHw9a
We’re collaborating with our community to test how institutions can use their #Swift connection to seamlessly interoperate with the many #blockchain networks emerging around the world.
Building on successful trials in 2022, our new experiments aim to show how the Swift infrastructure can be leveraged to enable tokenised value to be transferred between existing systems and both public and private blockchain platforms with existing connectivity, standards, and messaging.
Read more here: https://t.co/YgzzrVwOf3
#DLT #digitalassets #securities #tokenization #innovation #capitalmarket
@Chainlink is collaborating with @swiftcommunity and more than a dozen major financial institutions, including The DTCC, Euroclear, BNY Mellon, and Citi, to #LinkTheWorld of capital markets to blockchains.
Chainlink is working with @swiftcommunity and more than a dozen major financial institutions on experiments to enable connectivity to and interoperability across public and private blockchains: https://t.co/2kAHZQ49Pg
These experiments are a significant step forward from the biggest financial players across the globe to #LinkTheWorld of traditional finance to blockchains.
“As banks endeavor to access multiple blockchains,” @SergeyNazarov explains, “a common connectivity layer across the various chains will be a critical building block for their adoption of on-chain finance.”
4 years ago today, Chainlink launched on mainnet.
Thank you to all the developers, researchers, data providers, node operators, users, & community members who have worked to make #Chainlink the standard for connecting the world to blockchains.
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Our top stories on Twitter this week... 🥁
1. Chainlink's new platform lets #web3 projects connect to Web 2.0 systems
2. DoJ accuses #Google of deleting chats in its antitrust investigation
3. #VSCO is growing into a legit social network for photographers