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#181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks
Lex Fridman Podcast
Blockchain and the Global Financial System
The centralized financial system worked in such an opaque way, it was so unbelievably difficult to understand what was going on. That lack of understanding for the global financial system basically led to a big boom and then correspondingly very, very big bust. And in any case, what the centralized finance does is it takes these financial contracts that power the global financialsystem. It puts them in this new blockchain based format which at this point provides three very powerful things.
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