Crypto: Corporate Adoption of Blockchain Technology is Moving Quickly
#crypto #chainlink #blockchain #DeFi #NFTs #finance #insurance #supplychain #gaming #gambling
"Chainlink will accelerate the adoption of next-generation blockchain in finance, insurance, supply chain, gaming and gambling" -- Paul Ebeling
A system that cannot be cracked will transform industries. Blockchain revolutionizes the way transactions are made, settled and recorded.
Chainlink is the likely driver behind the growth of decentralized finance’s (DeFi) total value locked (TVL) to $203-B as of 15 February, a gain of 313% year on year, BoA wrote in note Wednesday.
DeFi is an umbrella term used for lending, trading and other financial activities carried out on a blockchain, without needing to use traditional middlemen.
The adoption and growth of DeFi last year was driven by the “ability for hybrid smart contracts, or self-executing and tamper-proof digital agreements, to verifiably and securely access real-world data through oracle nodes like market prices, time of day, weather and GPS location,” the report said.
As of 15 February Chainlink oracles secured more than $60-B deposits into smart contracts, up from $7-B at the end of Y 2020, the bank said.
The oracle network generated more than 2.5-M verifiably random numbers for non-fungible token (NFT) distribution and gaming, up from almost Zero at the end of Y 2020, the report said.
NFTs are digital assets on a blockchain that represent ownership of virtual or physical items, and can be sold or traded. “Oracles also enable the next generation of blockchain use cases, which require real-world data and could disrupt mature industries,” the bank’s analysts said.
Bank of America noted that over 1,100 projects leverage Chainlink’s network, and companies including the Associated Press, AccuWeather, Sportmonks and 800 others have launched oracle nodes to monetize their data.
LINK, the network’s native token, is the 22nd largest crypto by market value at $8.1-B, the report said.
BofA said it expects corporate adoption of blockchain technology to move quickly.
Have a happy, healthy, prosperous weekend, Keep the Faith!
Digital Erasure, and Why KXCO Matters
Pew found 38 percent of 2013's web pages gone a decade later, and quantum computing will eventually let attackers forge the signatures that prove records authentic. Why durable history now depends on post-quantum cryptography, on-chain anchoring and verification that needs nobody's permission.
Quantum Computing Just Became an Institutional Risk
Shayne Heffernan on BlackRock's quantum-computing warning for Bitcoin and Ethereum, Google's cryptanalysis research, the two on-chain risk vectors, and how KXCO's Armature L1 — post-quantum from genesis, coordinated by its ontology — answers a threat that just went institutional.
Quantum, AI and the Trust Problem Markets Aren't Pricing
Quantum computing and AI agents are usually traded as separate stories. They are one story, and it is about trust. Shayne Heffernan on why the financial system needs verifiable infrastructure before the volume of machine transactions makes retrofitting impossible.
KXCO: Native Post-Quantum Cryptography for the AI and Blockchain Era
KXCO builds NIST FIPS 204 post-quantum cryptography natively into hosting, document signing and identity — including verifiable identity for AI agents.
Every story, signed and delivered.
Subscribe to the kxco channel and get the headline, the AI-written key takeaways, and the chain-anchor link the moment we publish. Audio versions and per-ticker subscriptions arrive in the next iteration.