Ryan Lovell – Chainlink: The Infrastructure Pipes for Multi-Chain Finance (EP.491)
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If you think about what tokenization means, it means you're representing almost a legal claim in equity or fixed income into software, which is a smart contract owned by the issuer of that asset. We've now have this paradigm shift of it's not just the database entry that has Ryan owns a 100 shares of x y z. The entire representation of that asset is software. If that software can interact with other software, you can do a lot of interesting things that you were never able to do before on a 24 by seven, always on settlement system that has a lot of this permissionless innovation. If you think o
I'm Ted Seides, and this is Capital Allocators. My guest on today's show is Ryan Lavelle, the director of capital markets at Chainlink Labs, where he leads the development of blockchain based solutions for tokenized finance across banking and capital markets. Chainlink has powered more than $28 transaction value and powers the majority of decentralized finance. Our conversation explores the hidden plumbing of modern finance and the upgrade blockchains provide. We discussed Chainlink's critical role in connecting traditional finance with blockchain technology, the rise of tokenization and stabl
Ryan, thanks so much for joining me.
Pleasure to be here.
I'd love you to take me through your path that ultimately led to you moving over to blockchain technologies at Chainlink.
I was a marketing major during the financial crisis. When that was happening, everyone gravitated towards trying to understand why TARP failed the first time. Hank Paulson was up there begging everyone, I need $700,000,000,000 to save the world. When you're in college at that time, I was like, this sounds exciting and chaotic versus marketing. So I completely changed majors to finance. I had a great professor who had a great sense of humor. I'm always attracted to people that can enhance very boring topics with humor, discounted cash flows, Excel sheets, CAPM, pricing models, some of the most
What's the role that Chainlink plays in the ecosystem?
If you think of blockchains as factories and data as oil, you need to get the oil to the factory in a highly secure, reliable, compliant way. We're the pipes that carry that oil. Now there's not just one factory. There's multiple factories. This is something I learned firsthand at Vanguard. But without reliable data onto a blockchain, you can't build an application. That's the fundamental problem that Chainlink solved. Now the problem we first solved is that blockchains are like walled gardens. They're very good at creating tokens, validating tokens, validating that Ted owns those tokens and R
If you think about a pipe transporting oil, what makes it technologically difficult for you to be able to do that in a way that others couldn't?
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