Company
Date Published
Author
Chainlink
Word count
1595
Language
English
Hacker News points
None

Summary

In a fireside chat held in San Francisco, Tom Gonser, the founder of DocuSign, and Sergey Nazarov, CEO of Chainlink, discussed the transformative potential of smart contracts in business processes. Gonser, who revolutionized the digital signature industry with DocuSign, sees parallels between its journey and Chainlink's current path in the realm of smart contracts. He emphasized the need for smart contracts to be connected to external data through robust APIs, a gap Chainlink aims to fill with its oracle network. Gonser highlighted the efficiency and reliability offered by smart contracts, which execute automatically based on data, reducing human intervention and error. Nazarov and Gonser believe that smart contracts will become essential for businesses, much like e-signatures have, especially in industries like derivatives and insurance that already face trust challenges. The conversation underscored the importance of developing sophisticated oracles to integrate smart contracts with the necessary data inputs, suggesting that early adoption by major companies could drive widespread acceptance.