2020 Onchain Fintech Conference:  How Banks Can Provide Access to DeFi Products

Listen to Chainlink Co-founder, Sergey Nazarov, speaking at the South Korea On-Chain Fintech Conference on July 23, 2020. In this presentation, Sergey discusses how universally connected smart contracts are enabling the future of digital banking and how major banks can begin introducing DeFi products to their existing users. This presentation covers the oracle problem for smart contracts, how banks can provide access to DeFi products, and explores the work with Hana Bank, Shinhan Bank, Nonghyup Bank, Industrial Bank of Korea, and CenterPrime.

0:27 – Universally connected smart contracts for the future of digital banking
3:45 – The connectivity leap forward for universally connected smart contracts
4:26 – The Oracle Problem for smart contracts
7:40 – An increase in services from National and Digital Banks
10:10 – How banks can provide access to Decentralized Finance (DeFi) products for existing users with Chainlink
11:25 – Creating new DeFi products for the crypto markets by Banks
14:21 – How Banks can provide data and services to DeFi smart contracts
16:10 – Chainlink working with leading banks to generate KRW reference data for DeFi

Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments.

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