Welcome back to Chain Reaction, a podcast that interviews newsmakers in crypto to better understand the tech behind the hype and the people working to build a decentralized future.
For this week’s episode, Jacquelyn interviewed Sergey Nazarov, co-founder of Chainlink, a protocol that provides an oracle network to power smart contracts.
“Oracle networks are really the thing that puts the word ‘smart’ in smart contracts,” Nazarov said. “Smart contracts in and of themselves don’t know what time it is; they don’t have the ability to access any external system […] other than what’s in a blockchain.”
Before starting Chainlink, Nazarov co-founded four other businesses, the most recent of which was SmartContract, which also focuses on smart contracts.
Chainlink is also known as a web3 services platform that connects people, businesses and data with the world of web3. And for good reason: The platform has enabled over $7 trillion in transaction volume across DeFi, gaming, NFTs and other major industries.
When it was launched in …
