Decentralized Finance (often referred to as DeFi) is a growing movement around recreating common financial instruments from traditional finance using decentralized back-end infrastructure. Chainlink can increase the functionality and real-world applications of DeFi instruments.

While smart contracts offer immense business benefits, are they legally binding in a court of law? To answer this question, we explore the construction of current legal agreements and how they may evolve into smart contracts.

Interoperability between blockchains and disparate systems will usher in a new wave of smart contract functionality. New use cases that were previously impossible in the Web 2.0 will change the way consumers and businesses interact.

Chainlink-enabled smart contracts offer a way to transform the derivatives landscape from one run on trust by central entities with overexposure to risk to a decentralized P2P marketplace that spreads risk onto highly-reliable decentralized systems.

An oracle is a blockchain middleware that creates a secure connection between smart contracts and various off-chain resources. In order for smart contracts to gain mass adoption, they need secure and reliable oracles to connect to external off-chain data and systems.

Smart contracts promise a powerful new way of doing business. Similar to how the Internet revolutionized the way people process information and connect with one another, smart contracts can fundamentally change the way societies make and keep agreements among individuals and groups.