Monday Oct 23, 2023

Driving Web3 Adoption in TradFi

Driving Web3 Adoption in TradFi

Real world asset tokenization is all the hype with traditional institutions looking to delve into the world of web3, but security, accuracy and reliability of data and price points, continues to keep many on the sidelines.

In this episode, Ian Andrews (CMO, Chainalysis) gets to speak with Kemal El Moujahid (Chief Product Officer) of Chainlink, whose team is connecting smart contracts with Web2 systems. 

They delve into the benefits of Chainlink's Cross Chain Interoperability Protocol (CCIP) and the potential for real-world assets and data to be integrated into the blockchain in a secure and trust-minimized way.

Kemal identifies the tension between speed and security in DeFi bridge transfers and the need for interoperability between chains, in order to unleash the real value of on-chain assets.

He also explains Chainlink's role in providing connectivity and solving the limitations of smart contracts and how the future will be balancing real world assets with real world data and real world users.

Minute-by-minute episode breakdown

  • (2:15) - Kemal’s journey from Google into the world Ethereum Virtual Machine (EVM) and smart contracts
  • (5:12) - Chainlink's role in providing connectivity and solving the limitations of smart contracts
  • (8:58) - The importance of oracles in connecting smart contracts with Web2 systems
  • (11:25) - Introduction to Chainlink's Cross Chain Interoperability Protocol (CCIP) 
  • (13:55) - The tension between speed and security in DeFi bridge transfers
  • (16:02) - CCIP's approach to waiting for finality on the source chain
  • (21:45) - The connection between SWIFT and CCIP for modernizing the financial system
  • (28:45) - Introduction to Chainlink Functions and its role in connecting smart contracts with Web2 APIs
  • (32:27) - Real world assets, real world data, and real world users

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Speakers on today’s episode

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