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Chainlink Has A BIG SECRET! A Trillion Dollar Partner!! Will It Be Revealed NEXT MONTH!? - YouTube
Channel: Chico Crypto
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ChainlinkâŠ.you have to know it freaking
stinks.
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Chainlink is one of my favorite altcoins for
the future.
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As itâs a solution being used by almost
all of crypto and DeFi.
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But is there a possibility Chainlink branches
out of the crypto industry and into the trillion
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dollar world of traditional finance!?
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Well in my opinion, itâs not a ifâŠitâs
a when.
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So are you ready to get stinky with the linky?
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Well you donât really have a choice, because
itâs time for Chico Crypto!!
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There is no doubt, Chainlink and itâs oracle
solution are the dominant force in the oracle
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space.
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Checking out DeFi Llama we can see that Chainlink
commands nearly 50 percent of the oracle space,
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with over 15 billion secured with its decentralized
oracle network.
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15 Billion securedâŠbut thatâs just 1.5
percent of a trillion.
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In my intro I said Chainlink will be branching
out into the world of traditional finance,
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to start securing trillions.
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So is this going to happen??
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Well letâs just listen to Sergey on multiple
occasions.
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Beginning with his keynote speech at Smartcon
in 2020 where the slide he is speaking about
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says âthe remaining market for smart contracts
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is Trillions.
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This isnât the only time Sergey has talked
about Trillions in relation to Chainlink.
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The next year in 2021 he said this on a podcast
with much enthusiasm.
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Trillions once againâŠbut then there is this
important one.
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Sergey was invited to the smarter securities
conference held by the payment network Giant
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Swift in the summer of last year.
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Matthew De Herring, Director of Capital Markets
Strategy at Swift asked Sergey a very important
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question.
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Billions
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to trillions of dollars, and Sergey explains
their previous and continuing work with SwiftâŠthe
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largest payment messaging network in the world
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So are we diving into SWIFT and Chainlink
today??
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NoooâŠit is well known Chainlink is working
closely with swift on ISO200-22 and smart
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contract capabilities.
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We are diving down deep today and revealing
another close partner Chainlink hasâŠwe are
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diving into Chainlinkâs connections with
the DTCC.
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The Depository Trust and Clearing Corporation.
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So who is the DTCC?
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Well from a recent blog from them, they explain
just that.
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Under about the DTCC they say âDTCC is the
premier post-trade market infrastructure for
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the global financial services industry.
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In 2020, DTCCâs subsidiaries processed securities
transactions valued at more than U.S. $2.3
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quadrillion.
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Its depository provides custody and asset
servicing for securities issues from 170 countries
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and territories valued at U.S. $73.5 trillion.
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The DTCC is a trillion and even quadrillion
dollar behemoth.
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They settle the vast majority of securities
transactions in the United states, making
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it by far the highest financial value processor
in the world.
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So what has the DTCC been doing regarding
blockchain?
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Well in 2017 they announced and revealed AxCore,
meaning $11 Trillion in Derivatives were getting
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closer to the blockchain.
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The article states âFor the first time publicly,
Palatnick also revealed that Axo's AxCore
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protocol was originally derived from the public
ethereum blockchain, and that the DTCC's system
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uses the same Solidity smart contract language
that powers its applications.
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However, AxCore has been modified to include
a modular consensus mechanism that lets it
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tailor services to the specific needs of the
DTCCâ
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DTCC was building their own blockchain, based
on EthereumâŠalthough it wasnât the Ethereum
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mainnet.
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Well 3 years later, the DTCC released a case
study on Project Whitney.
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So what is Project Whitney??
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Well in the case study the DTCC says âProject
Whitney, led by DTCCâs Innovation Team,
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is a multi-phase project designed to evaluate
the practical and commercial viability and
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value of a digital infrastructure supporting
private market securities.
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How does Project Whitney work?
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Well they also say âWhile the prototype
mints tokens and records asset transfers on
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the Public Ethereum network, it maintains
an independent digital record of security
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ownership and performs real-time compliance
and suitability checks off-chain.
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The DTCC would be using the public ethereum
network for mininting and transferring of
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assets while communicating with a system off-chain.
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Doesnât it sound like Project Whitney would
be using some Oracles for this?
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Well of course, as we can seeâŠthe compliance
oracle is at the center of how this works.
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Well just 1 month after Project Whitney was
unveiled, it was announced that Chainlink
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and the DTCC were a part of the Interwork
Alliance both as principal members.
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The goal of this alliance?
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To standardize token powered ecosystems worldwideâŠ.
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Now Chainlink put out a blog in November of
2020 titled â77+ Smart Contract Use Cases
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Enabled By Chainlinkâ and under the section
regulation, they specifically mention Project
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Whitneyâs compliance oracle.
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Just a coincidence??
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I think notâŠ
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Why??
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Well before we get into that and even bigger
breadcrumbs, I want to cover a project Iâve
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had my eye on for a while and one youâll
be sure to see me cover again, but this week
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theyâre supporting the channel as the sponsored
segment of this video.
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Itâs brought to you by our friends at NOCLIP.orgâŠ
and like always the details of our arrangement
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can be found in the descriptionâŠ.
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NOCLIP is bringing decentralized free access
to the Overview Effect for everyone.
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The term Overview Effect was coined by astronaut
Frank White, described as a cognitive shift
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in awareness after witnessing earth from outer
space, an experience so profound it often
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changes oneâs worldview and perspective
about life and earth.
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The thing is, the Overview Effect canât
be explained, it must be experienced by going
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to space - or now with the advancements in
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can be grasped thru high quality simulationâŠ
and with Frank White himself as an advisor,
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NOCLIP is leading the way making the experience
available to all thru Augmented Reality Data
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Overlays of the earth over VR livestreams
presented on NOCLIP.org
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NOCLIP, powered by Pointblank Company, is
launching a 6U cubesat Satellite to Earth
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Orbit on October 1st of this year as part
of SpaceXâs Geometric-1 mission, managed
[554]
by our friend Samuel Reidâs company GEC,
also overseeing the Doge-1 mission with the
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XI Protocol space tokens and digital space
displays.
[564]
Coupled to the AR livestream is the ERC20
utility token $NOCLIP, which will be used
[570]
to provide the augmentation, where live, human
and environmental data and data projections,
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games and communications become possible,
overlaid on top of a live 3D view of the earth.
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And let me tell you, if youâre hearing about
NOCLIP and their token now, youâre earlyâŠ
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The NOCLIP token will power augmented experiences
like multi-user meeting spaces where users
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can come together over earth in a virtual
space walk.
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Thereâs also an immersive gameplay experience
over earth that is being developed and advised
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by Nolan Bushnell, the founder of Atari.
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Imagine viewing an augmented earth with historically
significant events as overlays, and historically
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significant locations, current and recent
world events, or even artistic overlays integrated
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with NFTs.
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With a wide spectrum of geospatial data as
optional overlays, NOCLIP aims to provide
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the viewer with a broader perspective as to
both the fragility and resilience of life.
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Thru these immersive augmented experiences,
NOCLIP will empower those of us on earth the
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opportunity to connect and experience the
Overview Effect.
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If you want to have a deeper understanding
of the overview effect and to learn more about
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the NOCLIP token make sure to visit their
website NOCLIP.org⊠and to better understand
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youâll find a passionate group ready to
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share the vision and answer all your questions.
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Links for all their sites can be found in
the description
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Now back to bringing this Chainlink DTCC connection
full circle.
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Now Chainlink has their annual Smartcon conference
happening next month in September.
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Going to the speaker list, we can see itâs
a smorgasbord of heavy hitters.
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SWIFT is speaking, Former CEO of google is
speakingâŠ.but if we scroll down, we can
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see the DTCC is speaking too, specifically
Stephen Prosperi their Head of Product Management
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in Digital Securities Management.
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Is Stephen involved with Project Whitney??
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Yes he is and was, as Project Whitney today
has evolved into DSM, the DTCCâs digital
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securities management platform.
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Letâs hear from Stephen of the DTCC on just
that.
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Now, Stephen talked about Book Entry Plus
on the DSMâŠwhich gives securities issuers
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the ability to tokenize on the Ethereum mainnet.
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I wonder if this involves oracles?
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Well going to the DSM whitepaper, and the
spotlight on Book Entry Plus we can see it
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says âAny on-chain token transfer first
seeks approval from the DSM Platform, which
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acts as a Blockchain Oracle and ensures transfer
restrictions pass and off-chain records are
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updated.
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Itâs highly likely Chainlink has been working
with the DTCC on this and at Smartcon we may
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be getting a special look into this work and
collaboration.
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But is that the only big player Chainlink
is working with?
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Of course notâŠIn April of last year, Chainlink
announced Leading crypto risk intelligence
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company ciphertrace launched a Chainlink node
to support CipherTrace DeFi Compli, a compliance
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oracle solution that makes key OFAC compliance
data available on-chain.
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Guess who acquired Cipher trace?
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Mastercard did!!
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It was announced in September of last year
and going to this blog on the compliance oracle,
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we can see that the Cipertrace website now
has a mastercard logo, and the blog says this
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âAs part of its DeFi solution, CipherTrace
has launched a DeFi compliance oracle service
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on Chainlink to make relevant compliance data
available directly on-chain for easy integration
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with existing DeFi frameworks.â
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Yup itâs built directly on ChainlinkâŠ.Chainlink
is directly connected to Mastercard for their
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compliance oracle.
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So my friendsâŠthe world will eventually
catch onto Chainlink but letâs help the
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world by using some Meme Magick to spread
the word quicker through the internet astral
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plane.
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Cheers magicians, I will see you next time!
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