[Chainlink] SmartCon 2022 Day 1 Recap

SmartCon 2022’s flagship conference kicked off today with a burst of news that is reverberating across the Web3 ecosystem. Featuring 150+ speakers and 100+ presentations, SmartCon 2022 is the connection point for Web2 and Web3 industry leaders, founders, developers, researchers, and community members to showcase and explore the latest advancements accelerating Web3 innovation. 

This blog recaps key Chainlink presentations, initiatives, announcements, and product updates that took place at SmartCon 2022 Day 1 in New York City.

SmartCon 2022 Crowd
The crowd gathering at SmartCon 2022 in NYC.

Building a Web3 World: Keynotes, Presentations, and Panels

SmartCon brings together luminaries from across Web2 and Web3 to discuss what’s needed to realize the widespread adoption of trust-minimized applications. 

Sergey Nazarov Keynote

Chainlink Co-Founder Sergey Nazarov kicked off the flagship SmartCon 2022 conference with a keynote, “Building a Web3 World Powered by Cryptographic Truth,” which expanded on the drivers behind the success of the Chainlink Network and key advancements in Chainlink economics and services that are poised to accelerate future growth.

Chainlink powering Web3 innovation
The Chainlink Network empowers Web3 innovation by enabling hybrid smart contracts supported by increasingly advanced oracle services.

“All of these services fundamentally create an infrastructure, an environment, for the world’s value to transition into the blockchain format, to be refactored into the reliable format—into the ‘we-can’t-screw-you’ format.” –Sergey Nazarov, Co-founder of Chainlink

Watch the full keynote speech.

Capital Markets Panel Discussion With SWIFT,  DTCC, and BNY Mellon

SWIFT’s Strategy Director Jonathan Ehrenfeld Solé, DTCC’s Head of Product Management Stephen Prosperi, and BNY Mellon’s Head of Enterprise Tokenization Victor O’Laughlen sat down with Sergey Nazarov to discuss how cross-chain interoperability is set to drive the success of digital assets in capital markets. 

Solé and Nazarov announced that SWIFT is using the Cross-Chain Interoperability Protocol (CCIP) in an initial proof of concept. CCIP will enable SWIFT messages to instruct on-chain token transfers, helping the SWIFT network become interoperable across nearly all blockchain environments.


Eric Schmidt and Sergey Nazarov Fireside Chat

Eric Schmidt, Chairman of Steel Perlot and former Google CEO, joined Sergey Nazarov for a fireside chat. They discussed the increasing importance of trust-minimization and the core value of Web3 infrastructure for Web2 companies.

Sergey Nazarov and Eric Schmidt at SmartCon 2022
Chainlink Co-Founder Sergey Nazarov and former Google CEO Eric Schmidt discussing the future of Web3.

“Congratulations to you all for ending up in the right spot in the Web3 space, working with Chainlink.” –Eric Schmidt

Watch the livestream recording of Eric and Sergey’s fireside chat.

Chainlink Economics 2.0 

Chainlink Economics 2.0 consists of an array of programs focused on improving data security and utility while also reducing the operating costs of oracle services, increasing user fees paid to Chainlink service providers, and enabling a broader scope of service providers, such as stakers, to participate in the Chainlink ecosystem.

Chainlink Economics 2.0
Chainlink Economics 2.0 is a new era of sustainable growth, cryptoeconomic security, and deeper value capture in the Chainlink Network.

Chainlink SCALE 

SCALE (Sustainable Chainlink Access for Layer 1 and 2 Enablement) is a Chainlink Labs initiative where blockchain projects commit to offsetting operating costs of oracle networks to accelerate their ecosystem’s growth and support the long-term sustainability of Chainlink oracle services.

Participating blockchains and layer-2 networks in the initial launch include Avalanche, Metis, Moonbeam, and Moonriver.

Chainlink SCALE program
An overview of the Chainlink SCALE program.

Chainlink BUILD

The Chainlink BUILD Program is a Chainlink Labs initiative that aims to accelerate the growth of early-stage and established projects within the Chainlink ecosystem by providing enhanced access to Chainlink services and technical support in exchange for fees and other incentives for Chainlink service providers, such as stakers.

Chainlink BUILD program
An overview of the Chainlink BUILD program.

Participating projects in the initial launch include: 

  • Space and Time—A decentralized data warehouse aiming to power low-latency queries and tamper-proof analytics across the Web3 ecosystem.
  • Truflation—A provider of independent and censorship-resistant inflation data based on census-level price information and more than 30 real-time data sources. 
  • bitsCrunchAn AI-based NFT data analytics service that filters out wash trading within NFT marketplaces, delivers more accurate NFT pricing, and scans for digital art forgery. 

Chainlink Integrations and Product Updates

Chainlink Labs Chief Product Officer Kemal El Moujahid announced several product updates during his Chainlink Product Keynote and invited an array of top projects to the stage to share how they’re using Chainlink oracles to unlock new Web3 applications and markets.

Kemal Product Keynote at SmartCon 2022
Chainlink Labs’ Chief Product Officer Kemal El Moujahid on the main stage of the SmartCon 2022 conference.

“We’ve invented a decentralized, oracle-based consensus method that solves the connection problem while preserving trust-minimization for your apps. This is a decentralized, community-based approach which gets better the more developers use it.” –Kemal El Moujahid, Chief Product Officer at Chainlink Labs

Bitcoin Interest Rate Curve

Chainlink and CF Benchmarks are collaborating to launch the CF Bitcoin Interest Rate Curve (CF BIRC)—a replicable and manipulation-resistant benchmark for current and forecasted Bitcoin interest rates over a set of maturities. 

Coinbase Cloud x Chainlink NFT Floor Pricing Feeds

Coinbase Cloud, a standalone suite of blockchain development services by Coinbase, is collaborating with Chainlink Labs to launch NFT Floor Pricing Feeds—a collection of Chainlink Data Feeds tracking the floor prices of the top 10 NFT collections.  

Chainlink Automation

Kemal also announced that Chainlink Keepers has been renamed to Chainlink Automation to reflect its broadening scope in automating more advanced smart contract applications. 

Chainlink Badging Program

Secured With Chainlink badges let your users know that your Web3 app is powered by Chainlink’s industry-standard secure infrastructure. Enroll in the program to claim your badge and make clear to users that your app is powered by Chainlink’s industry-leading products.

Stay Tuned for More

Day 1 of SmartCon 2022 gave attendees an expansive look at what’s next for Chainlink, from new product releases and key Economics 2.0 initiatives to the long-term vision for building a world where the majority of the world’s economy is underpinned by cryptographic truth. 

Access the Day 1 livestream and a limited collection of Day 2 presentations on the official SmartCon 2022 YouTube playlist. To learn more about Chainlink and keep up-to-date with the Chainlink ecosystem, subscribe to the Chainlink newsletter and follow the official Chainlink Twitter

The post SmartCon 2022 Day 1 Recap appeared first on Chainlink Blog.

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