The text discusses the potential of DECO, a privacy-preserving oracle model developed by Fan Zhang in 2019 under the guidance of Professor Ari Juels at Cornell Tech, which allows secure data verification without trusted hardware by requiring user participation through TLS authentication. The conversation between Sergey and Ari explores future applications of smart contracts, including a project named AIRS, aimed at incentivizing reforestation efforts by rewarding users based on satellite data. Sergey highlights the transformative impact of smart contracts on both developed and emerging markets, emphasizing their role in enhancing transparency and bypassing outdated systems. The text also outlines the advancements in oracle technology that facilitate interoperability, privacy, and scalability for next-generation smart contracts, encouraging developers to leverage these tools for innovative applications. The narrative concludes by inviting individuals to engage with the Chainlink community and participate in events like the SmartCon summit to further explore the potential of smart contracts.