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#181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks
Lex Fridman Podcast
Decentralized Crop Insurance
The more that smart contracts and Oracle networks are used, they themselves generate this immutable on chain data that proves their value and reliability. For example, we have a hybrid smart contract for something like crop insurance. I've made my decision to participate in this decentralized insurance kind of crop insurance policy. And then time goes by and let's say it doesn't rain,. And behold, the smart contract returns the relevant amount from the policy back to me. So you know, that's one example.
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