Zach Rynes | CLG
@ChainLinkGod • 184,404 subscribers
Community Liaison @Chainlink | Opinions are my own
Videos
The DTCC knows there won’t be one blockchain to rule them all The number of chains will only continue to accelerate as ledger technology improves, necessitating interoperability That’s why DTCC have partnered with Chainlink across a variety of initiatives and use cases ✅ Bridging DTCC App Chain to other public/private blockchain ecosystems via Chainlink CCIP ✅ Bringing NAV data onchain securely via Chainlink to unlock tokenized funds (involves DTCC, J.P. Morgan, State Street, BNY Mellon, and more) ✅ Using AI-powered Chainlink oracles to modernize corporate actions data processing to bring equities onchain (involves DTCC, Swift, Euroclear, UBS, and dozens more financial institutions) Chainlink 🤝 financial market infrastructure
Zach Rynes | CLG32,414 views • 3 months ago
DTCC 🤝 $LINK The Depository Trust & Clearing Corporation—the world’s largest CSD that settles $2.7 quadrillion annually— is actively working with Chainlink on bringing capital markets onchain Trillions of dollars in TradFi assets are about to be tokenized onchain
Zach Rynes | CLG52,957 views • 1 year ago
Anyone who tells you that blockchains “eliminate the need for Swift” has no idea what they’re talking about Swift is not a payment network, it’s an interbank messaging network Their SwiftNet private key infrastructure and banking messaging standards like ISO20022 are used by 11,000+ banks globally to facilitate the communication of payment instructions between banks Imagine taking 11,000 banks, who already have private keys and standardized formats for messaging, and connecting them to blockchains in a way they can re-use all of this existing infrastructure and messaging standards That’s exactly what Swift and Chainlink have been working on for years Last year, Swift published a report on how Chainlink CCIP can successfully connect Swift-member banks to any public/private blockchain using their existing infrastructure and messaging standards (12+ of the largest global financial institutions and FMIs were involved): Just yesterday, Swift published an article on how they’re moving forward on real-world solutions that will enable Swift members banks to access/transact with tokenized assets / currencies on the Swift network They note this builds upon their prior work, which they’re now advancing to the next stage (they explicitly link to their work with Chainlink): Swift isn’t going away, and their involvement in the blockchain ecosystem will massively accelerate the adoption of tokenized assets / currencies / stablecoins within the financial system Attached clip of Sergey Nazarov explaining this at Consensus 2024 on stage with Swift’s Jack Pouderoyen (Digital Assets & Currencies at Swift) I wonder how much longer this misconception about blockchain “killing” Swift will continue to persist in our industry I recommend paying attention to Sibos 2024
Zach Rynes | CLG56,209 views • 1 year ago
One of Chainlink's core value props is that it is a neutral technology platform that does not compete with its customers Specifically, Chainlink is not a blockchain, and does not compete with blockchains Rather, Chainlink enhances the utility of all public/private chains by providing the oracle services their ecosystems need to succeed long-term This neutrality is why Chainlink has *thousands* of blockchain, Web3, and TradFi partners who rely on Chainlink for critical functionalities including: - Onchain data delivery - Cross-chain interoperability - Automated compliance - Privacy-preserving compute - Legacy system integration - Multi-system workflow orchestration As the cost and friction of launching a blockchain continues to drop toward zero, the number of public/private chains that exist will expand from hundreds today to thousands in the future If a cross-chain provider wants to pivot by launching their own blockchain and begin competing with Ethereum, Solana, Canton, and all of their existing blockchain partners, I wish them luck on that That’s not the game Chainlink is playing While blockchains fiercely compete amongst each other to become the transactional database layer, Chainlink wins regardless of which chains are used For Chainlink, every new blockchain introduced to the market is all the more justification for why organizations need Chainlink as their orchestration layer to manage the complexity That’s why financial market infrastructure providers like Swift, DTCC, Euroclear, and more have adopted Chainlink, they understand the financial system needs an orchestration layer To emphasize my point, here is a clip from DTCC executives explaining how the rapidly growing number of blockchains is why their partnership with Chainlink is so important
Zach Rynes | CLG13,100 views • 3 months ago
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