Hey, I came across an interesting talk by Sergey Nazarov, one of the co-founders of Chainlink. He explained how their standards help reduce blockchain transaction complexity by 75–90%, and why this isn’t just a technical improvement—it’s a real step toward building a new financial system where crypto and traditional finance work together.
Blockchain Isn’t What It Used to Be
Back in the day, things were simple: you’d send tokens within a single blockchain like Ethereum, and everything worked according to built-in rules. But now it’s way more complicated. Modern transactions can:
move across different blockchains,
include tokenized real-world assets (like real estate),
require identity verification and even AI involvement.
So, a blockchain transaction today isn’t just “send token” anymore—it’s a multi-step process involving data, security, compliance, and more.
Chainlink Wants to Simplify All of This
That’s where Chainlink comes in. Nazarov says the main goal is to create a universal “language” for all participants so they don’t have to spend time aligning technical details. Here's what they offer:
CCIP (Cross-Chain Interoperability Protocol) – lets you securely transfer tokens and data across different blockchains.
CCID (Chainlink’s identity standards) – simplifies user and counterparty authentication.
Data standards – ensure all parties interpret information like asset prices the same way.
If both sides of a transaction use these tools, they don’t need to build anything custom—everything’s already in place. According to Nazarov, that’s what allows a 75–90% reduction in complexity.
Why This Matters Beyond Crypto
The most important part? How this affects traditional finance (TradFi).
Right now, one of the biggest challenges for institutions and large investors entering DeFi is the lack of clear, secure infrastructure.
Chainlink aims to fix that. Nazarov says standards are the key to unlocking tens of trillions of dollars from traditional markets into crypto.
That’s why Chainlink is already used by most DeFi platforms—and now their tech is being adopted more and more by banks, asset managers, and financial institutions.
The Bigger Vision: An Internet of Contracts
Nazarov explains that their ultimate goal is to create a global standard for financial transactions, regardless of what network or platform is used.
Think of it like the internet—you connect to any site without needing to know what infrastructure powers it. Chainlink wants to do the same for finance.
They already power over 70% of DeFi, and now they’re building bridges to TradFi to form a unified “internet of contracts”—a reliable, secure, and scalable foundation for the next generation of global finance.
So we’re looking at an interesting scenario: decentralized technology on one side, traditional finance on the other—and Chainlink as the bridge in between.
Now here’s my question to you:
Do you think Chainlink can really become the financial world’s “internet of contracts,” or will TradFi players choose to build their own closed systems instead?
