Wednesday Feb 21, 2024

The Future of Agreements—Sergey Nazarov on Hybrid Smart Contracts

In his monumental Smart Contract Summit 2021 keynote, Chainlink Co-Founder Sergey Nazarov discussed the inherent flaws of brand-based agreements and explained the superiority of smart contracts—next-generation digital agreements backed by cryptographic truth. Nazarov also announced the mainnet launch of Chainlink Automation (formerly known as Chainlink Keepers), a secure offchain service that enables dApp developers to automate key smart contract functions in a highly reliable, decentralized, and cost-efficient manner. Nazarov concluded his keynote by introducing the Cross-Chain Interoperability Protocol (CCIP), a new open-source communication standard that enables interoperability between public/private blockchains, layer-2 networks, and existing systems.

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

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