Companies can easily use Chainlink oracles to create secure connections between their existing backend systems and any blockchain network, allowing them to quickly trade in new on-chain markets.
Tom Gonser, the founder of Docusign, discussed with Sergey Nazarov in a follow-up podcast about intelligent contracts, the oracle problem and how Chainlink approaches it, how large and small companies view distributed and decentralized networks and much more. This has turned into a very special show. In Base Shift episode -097 it was found that it was amazing to hear from Tom, who is a consultant to Chainlink.
For the sake of clarity, Base Layer offers founders and investors insights into the base layer of cryptoassets. They simplify complex projects and the technology that needs to be developed, from interoperability to relays, and bring out so much news about who is building the future, why they are doing it, and how they are doing it.
Chainlink co-founder Sergey Nazarov stated that companies are in a different situation, especially in multinational corporations like insurance company banks, where they are consistently approached to get five different blockchains every weekday in all regions. And the difficulty they have is that it is very difficult for them to understand which of these environments will be available in a year or two, which of these environments will be the volume they want to do business with, which In these environments there will be counterparties with whom to transact.
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 many people who can really build a good integration with their existing systems. I think what we’ve seen in companies, and what makes a lot of sense, is the company’s ability to go blockchain-enabled.
This means that a company receives a middleware like ChainLink and the uniqueness of this middleware lies in its security. Since the middleware essentially controls all types of blockchain events that are more or less difficult or sometimes impossible to roll back, you need a middleware that controls all of these events while offering a lot of security.
At the same time, you want this middleware to give a company access to all the different blockchain environments it needs. Basically, I think the best approach comes from the fact that companies have to do business and conduct transactions in so many different environments. I think the approach to risk adjustment is to get a middleware that captures your existing corporate events in any format and in any format and use a middleware like Chainlink to convert those events to blockchain events in any environment you are in Want to trade, and then let middleware convert everything that happens in those environments back into corporate events that your system can understand and process and represent your thousands of employees.
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