@_pascalandy Hi Pascal, we are able to let you either make smart contracts part of your transaction/contractual execution backend, or if you're building a fully decentralized application (DApp) we allow it to interface with data/payments in the ways it needs to in order to become useful.
@_pascalandy@shoeboxdnb Sure, if you were to make a smart contract that releases payment for an international shipment you'd need the GPS and customs data to trigger payments, if you're making a financial contract around market prices you'll need those price feeds put into the contract, and if you have a smart contract insurance product around something like door locks, you'll need the IoT data to prove performance.
Question. I'm assuming Chainlink has a built-in exchange that allows for the conversion of a crypto (ETH) To the desired fiat?
If I'm understanding the product offering, whatever payments that need to be made by a Smart Contract can be using Chainlink. If that payment is in crypto, then it'll need to be converted/exchanged before sent to recipient.
@iamcardin ChainLink actually allows you to send a payment message off-chain, without cryptocurrency, it doesn't do any conversion from crypto to fiat. If you wanted to pay using a bank system or PayPal, you'd need to send it a request from your smart contract; that's what we allow. Are you looking for a way to send Cryptocurrency to a ChainLink to have it converted to fiat and forwarded onto the recipient; would that be a useful feature for what you're working on?
I run one of the largest online fintech founder groups on facebook with several billion dollars in processing volume and a few billion worth of investors both in crypto and institutional funds. We often look for technologies that we think are significant to the ecosystem and make sense from a regulatory standpoint.
This is one of them. Sergey & Steve have built a tool that is useful to the developer community.
@sergeynazarov I'm sure tons of PH users will have questions. ;)
@rrhoover - I think developers and the PH community will eat this up, I tried to tag it as "ethereum" but there was no ethereum tag.
@rrhoover@datarade Thanks for hunting us Kumar and thanks for making Product Hunt Ryan. We're excited to be on here to see how we can help the larger developer community integrate smart contracts into their existing web applications and/or get started with building a Decentralized Application (DApp) that can go beyond moving coins/tokens.
Ethereum Name Service
Promoly
Ethereum Name Service
Soound
Ethereum Name Service
Soound
Crypto Buyer's Guide
Ethereum Name Service
Empower