If digital assets are the future of finance and merging legacy financial systems with crypto is the key to this new system, Sergey Nazarov – the co-founder of the decentralized oracle network Chainlink – is one of the driving forces behind this revolution.The company, Chainlink Labs, founded in 2017, and distinct from the Chainlink protocol, has come a long way from building"just an oracle" system.
Chainlink is accomplishing this by adhering to its three pillars: data, computation and cross-chain interoperability, Nazarov said in an emailed statement to CoinDesk. In fact, the 35-year-old entrepreneur Nazarov, the son of Russian immigrants who were engineers and moved to New York in the early '90s, expects more big financial institutions to roll-out various blockchain projects in the next year and beyond.
Merging the two industries won't be a small task, even though TradFi has come a long way from brushing off digital assets as just a bubble to understanding the technology's value proposition.