Chainlink (LINK) creator Sergey Nazarov says the blockchain industry could grow by hundreds of trillions of dollars with one major catalyst.
In a new interview at the Hong Kong FinTech Week 2024 conference, Nazarov said Chainlink has developed a way to connect blockchain technology with payments giant SWIFT, opening the door to large-scale traditional finance (TradFi) adoption. said.
“Therefore, the logical next step is to use SWIFT This is a series of demonstrations in pre-production form that shows how it actually works in production. work. And how it will ultimately be used in live trials and how these big banks and institutions will use it. So this was a really big event and a big milestone for us because the next step beyond that is the actual trial and use of that service and actual adoption. That’s what we want at this point and that’s what we’re pushing for.”
Nazarov says Chainlink’s breakthrough could lead to a significant expansion of the blockchain market.
“If even a small percentage of these 11,000 banks and institutions can actually start interacting with blockchain in an efficient and secure way, the market size of the blockchain industry, whether public or private, will be It will increase further. RWA (real world assets), tokenized funds, stablecoins, etc., the market size will explode from there. So it’s going from trillions (dollars) to tens of trillions, really. That’s the path to hundreds of trillions.”
At the time of writing, Chainlink is trading at $11.79, up 5.6% in the past 24 hours.
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