BREAKDOWN: How DeFi Could Disrupt Traditional Finance, Feat. Sergey Nazarov

Today on the Brief:

• Big tech goes to Washington
• The debate on the next COVID-19 relief act heats up
• More on institutional investors’ move into gold

This episode is sponsored by Bitstamp and Crypto.com.

“Imagine a world without counterparty risk.”

That was Chainlink co-founder Sergey Nazarov’s answer when asked to describe the true disruption of decentralized finance to a traditional finance audience.

On this episode of The Breakdown, Sergey and NLW discuss:

• Brand-based contracts vs. math-based contracts
• The history of smart contracts
• What it means to build an “abstraction layer” for “universally connected smart contracts”
• Key moments in the history of smart contract infrastructure
• Where smart contracts and DeFi are in terms of analogies to the early internet
• Why Sergey believes traditional finance will inevitably shift to a math-based contract model

Find our guest online:

Website: Chainlink

Twitter: @SergeyNazarov