Jan 16
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Yeah. So, private smart contracts, I
think, are maybe the last big missing
piece of what our industry is supposed
to provide to the financial system
>> because privacy exists in the
traditional existing system.
>> Yes.
>> But it doesn't exist in the blockchain
world.
>> Right.
>> And while that presents certain problems
to the public chain user, it actually
presents much much larger problems to
the institutional smart contract creator
and user.
>> Absolutely. Okay, so what private smart
contracts from chain link are about is
the ability to create privacy for smart
contracts on any chain using something
called the chain link runtime
environment.
>> So the chain link runtime environment is
where you would run the part of the code
from the smart about the smart contract
that you want to remain private,
>> right?
>> And that you want to remain um you know
private from everyone other than the
people you designate.
>> So you can still share that code with
your counterparty. You could share it
with regulators
>> and they can verify that the code that
was run in the chain link runtime
environment is the code that you told
them that was run there
>> but it was run privately.
>> Got it.
>> And then there's proofs that are put on
chain also that the code was run as it
was supposed to be.
>> This is using something called chain
link confidential compute that we
released a white paper about here at the
conference,
>> right?
>> And that we'll be rolling out uh early
next year and throughout next year with
more and more features,
>> right? Right.
>> And it's built on the the chain link
runtime environment.
>> Okay. which is basically the place where
you where you write code to orchestrate
all the different chain link oracles and
write a single piece of code to manage
all the different chains and oracles in
one
At SmartCon 2025, Chainlink Co-Founder Sergey Nazarov joined the Thinking Crypto podcast and explained how Chainlink Confidential Compute and CRE enable institutions to create private smart contracts on any chain, while allowing them to verify sensitive information with counterparties or regulators. Full podcast: https://www.youtube.com/watch?v=TpE2VwGsqlA View the SmartCon 2025 playlist: https://www.youtube.com/playlist?list=PLVP9aGDn-X0R1kuQo8qLPnqlT7ThKQR2s Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi. Many of the world’s largest financial services institutions have also adopted Chainlink’s standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, S&P Dow Jones Indices, FTSE Russell, WisdomTree, ANZ, and top protocols such as Aave, Lido, GMX and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve. Learn more at chain.link. ✅ Subscribe and turn notifications on: https://www.youtube.com/channel/UCnjkrlqaWEBSnKZQ71gdyFA?sub_confirmation=1 Learn more about Chainlink: Website: https://chain.link Docs: https://docs.chain.link Twitter: https://twitter.com/chainlink #Chainlink #crypto #blockchain