CCIP is a cross-chain interoperability protocol that allows banks to connect to thousands of chains with a single integration. It solves the problem of transmitting data across different blockchains and enables existing systems to interact with CCIP. This reduces friction for banks and other financial institutions and opens up the potential for trillions of dollars in value to flow through the system.
Sergey Nazarov is the co-founder of Chainlink. Chainlink, you might know as the price oracles for DeFi… providing DeFi with the data it needs to know prices. More ambitious than just prices, Chainlink is aiming to become the interoperability layer between all of TradFi and all of DeFi, acting as a gateway between onchain and offchain data. We’re going to explore that vision today on Bankless.