In a recent episode of the Chain Reaction podcast, Sergey Nazarov, co-founder of Chainlink, discussed how oracle networks are essential to powering smart contracts and enabling advanced applications in decentralized finance (DeFi), gaming, NFTs and other industries. He also emphasized the importance of cryptographic guarantees in web3 for creating a more reliable and secure system compared to the current Web 2.0 world that is not guaranteed in any meaningful way. Nazarov believes that technological guarantees through smart contracts can provide a parallel system of contracts without human choice or legal systems. The podcast covers various topics surrounding smart contracts, cross-chain interoperability, traditional companies tokenizing assets and AI/blockchain technology.
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