Chainlink, Swift, Sibos, Oh My!

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·@thatguymatt·
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Chainlink, Swift, Sibos, Oh My!
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<p><img src="https://i.imgsafe.org/3f/3f10c6c134.png" width="200" height="200"/></p>
<p>With Sibos coming up, a lot of <strong>LINK</strong> investors are anticipating at the very least a working &nbsp;prototype of <strong>ChainLink's</strong> smart oracles being used for SWIFT message processing using APIs. &nbsp;</p>
<p>Long story short:&nbsp;</p>
<p><strong>Sibos</strong> is an annual financial services event hosted by Swift. &nbsp;</p>
<p><strong>SWIFT</strong> (Society for Worldwide Interbank Financial Telecommunication) connects over 11,000 financial institutions worldwide. Through the swift network, financial institutions can send messages (over 5 billion a year!) to instruct activities relating to payments, securities, FX etc.</p>
<p>ChainLink was one of the winners of &nbsp;the 2016 Innotribe Competition (held by SWIFT)</p>
<p>Over 8300 people attended last years' conference.</p>
<p>A new company called Confido announced that they are using Chainlink in their project.</p>
<p>From their website:</p>
<blockquote>&nbsp;“Confido is a payment solution developed to be used by both businesses and individuals. It provides secure escrow payments using smart contracts, without relying on a third party to control the money. The unique thing about Confido is its shipment tracking feature. Confido will track a package up to the point that it gets delivered, and will only then release the funds. This is all done in a trustless and decentralised fashion using smart contracts on the Ethereum &amp; RSK blockchain combined with Chainlink.”</blockquote>
<p>Basically, a Craigslist that makes paying with crypto safer.</p>
<p><img src="https://i.imgsafe.org/3f/3f15ce9474.png" width="500"/>&nbsp;&nbsp;</p>
<p>Finally, there's the price (and circulation) of the LINK token. &nbsp;</p>
<p>Currently, it's only listed on Binance. &nbsp;Applications are out of Poloniex and possibly Bittrex in the near future. &nbsp;ChainLink currently has a market cap of $145 million (ranked 47), and has been trading in the 40-43 cents range the last few days. &nbsp;</p>
<p>I'm betting that even after the conference, LINK will stay in the 35-45 cents range. &nbsp;At least through the end of the year. &nbsp;The token was only launched in mid September (7 months ago in crypto-years ;) ) &nbsp;I've seen Summer being thought of as mid-term, and at least 2019 before we get into Long Term. &nbsp;</p>
<p>For one, it is expected that ChainLink will present a working prototype at the conference. &nbsp;The price already reflects them meeting the expectation. &nbsp;It's also hard to deny that Bitcoin is in hot new territory, and Alts are, for the most part, treading water. &nbsp;Fork or not, Bitcoin has the potential to run away with an even bigger slice of the pie the rest of the year.</p>
<p>At the very least, I think LINK has an interesting project on their hands. &nbsp;They're only traded on one exchange at the moment, their token is a month old, and they have a lot going for them networking-wise. &nbsp;</p>
<p>The subreddit is still small, although there might be too much talk of lambos for your taste. &nbsp;Most of all though I think the community behind ChainLink is excited to invest in something that has a really great solution to a real world problem.</p>
<p><a href="https://link.smartcontract.com/whitepaper">Read the whitepaper here.</a></p>
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