Odaily Planet Daily reports that Chainlink's annual flagship conference, SmartCon, opened yesterday in New York. Chainlink co-founder Sergey Nazarov delivered a keynote address, stating that the blockchain industry is at a critical juncture, poised for mainstream adoption, and that the convergence of institutional finance and DeFi will be a core driver of industry growth. Sergey pointed out that Chainlink is committed to reshaping the trust mechanism of the financial system through cryptographic guarantees and the "single source of truth" of smart contracts, eliminating human error and opaque operations.

Sergey Nazarov stated that Chainlink's cross-system runtime environment platform, CRE (Chainlink Runtime Environment), has officially launched. It helps developers integrate multiple chains, oracles, data sources, and compliant systems into an efficient workflow, thereby simplifying the complex process of building on-chain applications. The launch of CRE will enable institutions to deploy on-chain applications while complying with regulatory requirements, achieve DeFi-compatible transactions, and provide reliable support for tokenized funds, stablecoin issuance, and cross-chain asset transfers.

He also pointed out that the Central Bank of Brazil and the Hong Kong Monetary Authority have used CRE and CCIP to conduct cross-border pilot programs for CBDC and electronic bills of lading. Institutions such as S&P Global, FTSE Russell, Tradeweb, and Deutsche Börse Group have put their data on the blockchain, establishing new data standards for the industry.

Finally, Sergey Nazarov stated that Chainlink will also launch a privacy protection system based on trusted execution environments and zero-knowledge proofs, enabling smart contracts to maintain transparency while also being private. This will allow developers to efficiently and quickly build high-quality advanced smart contracts and bring them to market, while also meeting the requirements of regulatory agencies, society, and the world at large, thereby achieving large-scale adoption globally.