Recently, Chainlink co-founder Sergey Nazarov joined Paul Barron on his popular podcast to discuss a number of topics including America’s new stance on web3, stablecoins versus CBDCs, blockchain’s role in government efficiency, and Chainlink’s roadmap for the second half of 2025.
Nazarov outlined the path to U.S. dominance onchain in terms of issuing the most abundant and reliable digital assets. Having enabled over $20 trillion in transaction value, Chainlink’s tokenization infrastructure including Price Feeds, Cross-Chain Interoperability Protocol (CCIP), and Proof of Reserve (PoR) plays a critical role securing tokenized real-world assets (RWAs) and stablecoins throughout the multi-chain economy.
PoR leverages Chainlink’s battle-tested oracles to publicly verify in real time that onchain assets are fully collateralized. This is crucial for stablecoins that must maintain their peg to the U.S. dollar. Nazarov has long maintained that not only should PoR be the minimum standard for transparency in traditional finance and DeFi; the concept can also be expanded to “proof of x” or the full spectrum of cryptographic truths related to counterparty risk.
He explained to Barron how blockchains and oracle services like PoR can be harnessed to improve government transparency and efficiency.
“Blockchains and oracle networks and smart contracts are very effective tools for creating transparency that everyone can trust, because they know that no one can modify or manipulate it,” he said.
“I think it’s going to be creating transparency; it’s going to be creating a certain level of accountability for spending; and it’s going to be protecting certain key records, whether that’s voting or logs for cyber security – all of those use cases are very attractive.”
A recent pilot from Swift and UBS Asset Management demonstrated how Chainlink CCIP can enable digital asset transactions to settle with fiat payment systems across more than 11,500 financial institutions in 200 countries and territories around the world. Nazarov emphasized Chainlink’s long-term goal is to build a global infrastructure that can ultimately prove everything to everyone.
“Even if you could build something internally and get some data there, or connect something, or prove some identity – how can you prove to others that you did that correctly? What Chainlink does is it eliminates the need for you to do any of that because it does it for you, and it does it in a way that you can prove that to the regulator; you can prove that to the counterparty; you can prove that to the market; you can prove that to the rating agencies; and you can prove that to your own internal systems.”
Watch the full conversation.