Driving Web3 Adoption in TradFi

Oct 24, 2023

Ask episode

Chapters

Transcript

Episode notes

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

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

Speakers on today’s episode

Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)
Kemal El Moujahid (Chief Product Officer, Chainlink)

This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.

Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.

Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.

Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.