Home Blockchain LINK Co-Founder Sergey Nazarov about Importance of ChainLink Blockchain as a Middleware

LINK Co-Founder Sergey Nazarov about Importance of ChainLink Blockchain as a Middleware

Chainlink Blockchain Middleware

Enterprises can easily leverage Chainlink oracles to create secure connections between their existing backend systems and any blockchain network, thus quickly enabling them to conduct commerce across new on-chain markets.

Tom Gonser, The founder of Docusign, joined Sergey Nazarov in a follow up podcast further discuss smart contracts, the oracle problem and how Chainlink is addressing it, how enterprises large and small are looking at distributed and decentralized networks and so much more. This has unfolded to be a very special show. Base Layer Episode -097 stated that hearing from Tom who is an Advisor to Chainlink was amazing. 

For clarity, Base Layer are providing insights from founders and investors in the base layer of cryptoassets. They are simplifying complex projects and the technology being developed, from interoperability to relayers and more thus bringing out a lot of news about who is building the future, why are they and how are they doing it.

Sergey Nazarov, co-founder of Chainlink stated, Enterprises are in a different situation especially multinational ones like the banks of the insurance companies where they are consistently being approached to get on five different blockchains every single day of the week in all kinds of geographies. And, the difficulty that they have is that it’s very difficult for them to understand which of those environments are going to be around in a year or two, which of those environments are going to have the volume that they want to do business with, which of those environments are going to have counterparties they want to execute transactions with.

The big problem is that a lot of these environments are so early and so new that they are very difficult to understand and there aren’t a lot of people that can even really build a good integration for their existing systems.  I think the thing that we’ve been seeing with enterprises and the thing that makes a great deal of sense is the ability for enterprise to become blockchain capable.

What that means is that an enterprise gets a piece of middleware like ChainLink and the uniqueness of that middleware is in its security. So, because the middleware is essentially controlling all kinds of blockchain events that are more or less difficult or sometimes impossible to rollback, you need a middleware that controls all those events while providing a lot of security.

And, at the same time, you want that middleware to be able to provide an enterprise with access to all different blockchain environments that it needs. I think the best approach is basically due to the enterprises need to do business and to engage in transactions in so many different environments, I think the risk adjustment approach is to get a middleware that takes your existing enterprise events in whatever format they happen and to have a middleware like Chainlink to convert those events in to blockchain events in all the environments you want to conduct commerce in and then for you to have middleware also convert whatever is happening in those environments back in to enterprise events that your system can understand and process, and represent to your thousands of employees.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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