Thousands of attendees gathered together at #SmartCon 2022 for two jam-packed days of keynotes, presentations, networking, satellite events, and afterparties.
Here's what it was like to be on the ground in #NYC.
2/ The conference took place at The Market Line—an expansive, three-floor space perfect for everything from in-depth technical discussions to making new friends.
3/ There were four presentation stages: Aristotle, Descartes, Rand, and Socrates.
Here, 150+ of the brightest minds from across Web2 and #Web3 spoke about the developments pushing our space forward.
4/ From live music to secret treasure hunts, Big Mac meals to an elaborate mural, there were experiences hidden at every corner of the conference.
5/ Attendees ended each conference day at SmartCon afterparties, with lines that wrapped around the block.
Afterparties were the perfect way to decompress, whether they took place under the famous NYC skyline or inside the vibrant Museum of Ice Cream.
6/ Thank you to all those who played a part in bringing the SmartCon 2022 experience to life.
We hope to see everyone again next year.
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Chainlink had a number of successful economic product launches this year:
💱 Payment Abstraction
🏦 Chainlink Reserve
🪙 Chainlink Rewards: Season Genesis
🔁 Chainlink Smart Value Recapture (SVR)
What these milestones mean for the broader Chainlink ecosystem 🧵↓
1. Chainlink Payment Abstraction
Introduced earlier this year, Payment Abstraction enables users to pay for services in their preferred form of payment (onchain crypto or offchain fiat).
These fees are then programmatically converted to LINK via a DEX.
JUST IN: The U.S. House has officially passed the GENIUS Act.
This is a historic moment for the crypto industry as GENIUS establishes the first clear regulatory framework for fiat-backed stablecoins in the world’s largest economy 🧵↓
Stablecoins are the most established onchain use case, with over $250 billion already onchain. They enable global access to the U.S. dollar with near-instant settlement, low fees, and 24/7/365 availability.
But regulation isn’t the only critical piece needed to enable stablecoins at scale. Stablecoins also need infrastructure that ensures transparency, interoperability, and regulatory compliance as they integrate into global finance.
Led by @SenatorHagerty, @RepFrenchHill, and @SenatorTimScott, the GENIUS Act takes an important step by requiring monthly public disclosures of stablecoin reserves, including asset types and custody details.
Stablecoin issuers can adopt real-time proof of reserves and proof of composition to build on this foundation and close audit gaps not addressed by periodic disclosures.
As the largest provider of in-production proof of reserve solutions, Chainlink is uniquely suited to meet this requirement.
Chainlink verifies and synchronizes key transaction details to enable Mastercard holders to access crypto directly onchain.
This marks a major step forward in the mainstream adoption of Web3. Chainlink and Mastercard power the new @swapperfinance platform, with @ZeroHashX providing the onchain service and access to liquidity needed to convert fiat into crypto with seamless smart contract execution, alongside @Shift4, and @xswap_link, with liquidity sourced from @Uniswap.
Combining Mastercard’s global payments technology and Chainlink’s industry-standard infrastructure creates a secure user experience for billions 🧵
The Chainlink-powered Swapper Finance app is live today, enabling cardholders to purchase crypto directly onchain from decentralized exchanges.
Swapper Finance leverages XSwap, the leading DEX built out of the Chainlink ecosystem that uses the Chainlink standard for data and interoperability.
Tamper-proof recordkeeping, real-time transparency, & secure automation can help modernize a wide range of government and public sector operations.
Here are 10+ ways that blockchain can strengthen U.S. federal agencies 🧵↓
1. Food & Drug Administration (FDA)
Secure Recordkeeping for Food Safety and Recalls
Food safety incidents can spread across a complex supply chain.
Blockchain can be used to log inspection dates, temperature records, & other key data at critical points in the food supply chain.
2. U.S. Patent and Trademark Office (USPTO)
Verifiable Record of IP Transfers and Licensing
Patent and trademark ownership transfers, along with licensing agreements, can be recorded onchain to create a time-stamped, verifiable history of changes in rights and control.
Payment Abstraction is a cross-chain-enabled payment system that reduces payment friction in the Chainlink Network.
It allows users to pay for Chainlink services with the assets they already have (e.g., gas tokens), which are automatically converted to LINK via @Uniswap.
Payment Abstraction has been connected to Chainlink SVR—a novel MEV recapture solution recently launched on mainnet, with @aave as the first user.