Chapter
The Evolution of Smart Contracts and Their Impact on Social Media and Banking
28:59 - 38:01 (09:01)
Smart contracts will be replacing centralized entities that store and control people's value in social media and banking systems. The network effect of social media sites will crumble as people combine their data into applications that they control.
Clips
Providing clear transparency and control of how data is being used, and allowing users to have the power to participate and delete their data, can lead to a better and more innovative social network.
28:59 - 32:25 (03:25)
Summary
Providing clear transparency and control of how data is being used, and allowing users to have the power to participate and delete their data, can lead to a better and more innovative social network. There is a hunger amongst people for transparency and control in the usage of their data.
ChapterThe Evolution of Smart Contracts and Their Impact on Social Media and Banking
Episode#181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks
PodcastLex Fridman Podcast
The future of social media, banking, and other types of contracts will rely on an autonomous piece of code that does the same thing as centralized entities but gives you the power to control your own data and assets.
32:25 - 35:47 (03:22)
Summary
The future of social media, banking, and other types of contracts will rely on an autonomous piece of code that does the same thing as centralized entities but gives you the power to control your own data and assets. It will give you access to all the features without requiring ownership and lock-in of your data.
ChapterThe Evolution of Smart Contracts and Their Impact on Social Media and Banking
Episode#181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks
PodcastLex Fridman Podcast
This podcast discusses the recent work on defining hybrid smart contracts as a tamper-proof digital agreement that can know things about the real world and release payments accordingly.
35:47 - 38:01 (02:13)
Summary
This podcast discusses the recent work on defining hybrid smart contracts as a tamper-proof digital agreement that can know things about the real world and release payments accordingly. This goes back to the original definition of smart contracts seven to eight years ago when making smart contracts.