As the foundation of the Web3 economy, blockchains and the smart contracts on them are transforming supply chains, health information, data markets, and more industries. In this short clip. Professor Joshua Gans of the University of Toronto Rotman School of Management discusses how blockchain technology provides economics benefits by reducing the costs of transaction verification.

Chainlink Research Reports cover the latest research from across the smart contract ecosystem. Featuring academic and industry experts in the fields of computer science, economics, and cryptography, this series offers a glimpse into the most cutting-edge research developments in Web3.

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

Learn more about Chainlink:

Website: https://chain.link
Docs: https://docs.chain.link
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