Up next at #SmartCon is a panel about high quality data for smart contracts
Collections of Data providers in the Chainlink network on the panel
Rishi: @TiingoFinance, data on crypto, equities, forex, and more, collaboration with Chainlink, they are a data provider and a node operators
Max: @CryptoCompare market aggregator, 250 venues, real time and historical data, indexed data used in Chainlink oracles, support Chainlink as a market data aggregator
Isaque: @agryo_ data for insurance, commodities, and other crypto products, weather, satellite data, enable financial inclusion, data provider for Chainlink
John: @dxFeedSolutions traditional data provider for equities from the US and indices like Dow Jones, partipant into Chianlink ecosystem as a data provider and node operator, launched implied volatility data oracle,
Bob: Everest data provider, verify identity, KYC, setting up a Chainlink node, users can query to see if you are if you say you are
What does data quality mean for you?
Bob: For KYC, it's the difference between being in business or not, in jail or not, partners are reliant on their data to be legitimate
Isaque: Compare quality over time, use multiple variables to compare quality, bring that quality to the Chainlink ecosystem, automize the process
John: With tradiontal markets, transparency and reliability is important, it has to be repeatable, need a high degree of precision to a small amount of decimals, $100B+ reliance on such data, once wrong tick of data can be a huge problem, timing of data matters
Max: Started in 2013 with being ultra reliable and accurate in mind, infrastructure to collect every tick, pricing methodology that is open source, easy to replicate, strong infrastructure, to be used in aggregated price feeds, smart contracts rely upon this data for actions
Being reliable is the name of the game for market data aggregators
Rishi: what is quality cleanliness matters client to client, valuation versus trading, valuation is what is fair price (don't want flash crash), trading is different (can profit from flash crash, raw data)
Bob: Foundational identity, scan driver license (government issued), combined with biometrics you can prove who you are, the user has the right to share what they want to share, nothing more
Isaque: Collecting from multiple sources, keep track of where data is coming from, history track of every single step of the process, completely different than anything else you can see in the market, provenience breaks down noise
Rishi: Delivering our data on-chain using Chainlink is important for DeFi, immortalizing data on-chain is profound, data can be destroyed on physical medium, but on-chain it is forever, open data to everyone, because of Chainlink, you can empower traders by lower cost of data
Pay gas once, data is written forever, devs reach out to Chainlink and get directed to Tiingo, coordination
John: Fascinating experience, putting data on-chain with Chainlink opens up new audiences, complex product creators can acquire content they need, great monetization opportunities for dxfeed, data provider space is ripe for change, very exciting
Max: Chainlink is a massive partner for building the gateway to the future of finance, $80B locked into smart contracts, Chainlink is important to indicating to data providers what data is in demand from devs, venue to be introduced to devs and vice versa, Chainlink is multichain
Bob: Chainlink will be one our most important partnerships going forward, greater reach, nodes, DeFi projects, and people, we're all in
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We will be going through the state of crypto markets in H1 2021 covering DeFi, NFT and exchanges. We will also have a sneak peek on what is expected in H2 2021.
- @LexisNexis to launch Chainlink node to bring legal data on-chain
- @linkpoolio announces Chainlink Node-as-a-Service launching this year
- @Bancor V3 superfluid collateral to combine staking and LPing
- @CelsiusNetwork adoption of CCIP for cross-chain
Chief Data Officer Richard McFarland announced that @LexisNexis, the leading global provider of legal, regulatory and business information and analytics, plans to launch a #Chainlink oracle node to bring legal law data on-chain for smart contracts
.@HuxtableJonny announced that @linkpoolio's Node-as-a-Service solution will launch in Q3-Q4 of this year, providing a one-click solution for launching a #Chainlink oracle node into production and connecting it to premium data sources