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<blockquote data-quote="Faceplanted" data-source="post: 4230736" data-attributes="member: 56697"><p>In the case of derivatives, this will implemented as soon as possible. Blathe masters and lots of others that are huge in this industry are big proponents of blockchain. Smartcontracts can settle in hours while the industry standard is currently a few weeks to months. The whole reason why blockchain has not been used in the real world is because the lack of the ability to use an Oracle or any other method of getting off chain data on chain. Etherium is useless as is basically every other crypto besides btc which is only a store of value. Chainlink is the first to solve this issue and is quickly becoming realized that it will be the industry standard. Amb is trying a slightly different approach, but it’s another good idea using a hermes node and IoT gateways. These hermes nodes still depend on amb/ or amb affiliate fed data, chainlink oracles on the other hand can pull data from multiple independent sources, ie 10 independent exchanges for the price of gold to settle contracts and prevent possible fraud/bad Data</p><p></p><p>Open law will be talking more about this on nov 7th. By end of 2020, contracts will be getting settled via chainlink and oracles.</p></blockquote><p></p>
[QUOTE="Faceplanted, post: 4230736, member: 56697"] In the case of derivatives, this will implemented as soon as possible. Blathe masters and lots of others that are huge in this industry are big proponents of blockchain. Smartcontracts can settle in hours while the industry standard is currently a few weeks to months. The whole reason why blockchain has not been used in the real world is because the lack of the ability to use an Oracle or any other method of getting off chain data on chain. Etherium is useless as is basically every other crypto besides btc which is only a store of value. Chainlink is the first to solve this issue and is quickly becoming realized that it will be the industry standard. Amb is trying a slightly different approach, but it’s another good idea using a hermes node and IoT gateways. These hermes nodes still depend on amb/ or amb affiliate fed data, chainlink oracles on the other hand can pull data from multiple independent sources, ie 10 independent exchanges for the price of gold to settle contracts and prevent possible fraud/bad Data Open law will be talking more about this on nov 7th. By end of 2020, contracts will be getting settled via chainlink and oracles. [/QUOTE]
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