Wikipedia

Draft:Sergey Nazarov (entrepreneur)

Sergey Nazarov
Sergey Nazarov co-founded the Chainlink protocol and is currently the CEO of Chainlink Labs.

Sergey Nazarov is a technology entrepreneur in the blockchain industry.[1][2] Nazarov co-founded the Chainlink protocol[3] and is currently the CEO of Chainlink Labs.[4][5]

Education

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Sergey Nazarov graduated from New York University with a bachelors in Philosophy and Management.[6] In 2010, he served as a teaching assistant to NYU Professor Lawrence Lenihan, the founder of the early-stage investment company FirstMark Capital, and subsequently joined the firm as an associate, performing technical due diligence on technology startups.[7]

Career

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After his time at FirstMark Capital, Nazarov began working with Bitcoin in 2010 and became more involved in the Bitcoin community in the following years.[8]

Cryptocurrency

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In 2014, Nazarov founded CryptaMail, one of the first-ever decentralized email services built on blockchain technology.[9] He then went on to found Secure Asset Exchange, one of the earliest tokenization platforms that focused on enabling investors to fund projects using Bitcoin, as well as on developing a way for investors to receive an automatic disbursement of a digital revenue stream via a smart contract.[10]

Later in 2014, Nazarov co-founded SmartContract.com, one of the earliest tools for composing smart contracts, which supported live, working smart contracts before the existence of Ethereum.[11] SmartContract was a winner of Swift’s Industry Challenge in 2016, a competition focused on using blockchain technology to improve the efficiency of the global financial system.[12]

At Swift’s 2016 Sibos conference, SmartContract demoed one of the first-ever Ethereum-based "smart bonds" that was executed according to the LIBOR rate delivered onchain by a unique oracle infrastructure.[13][14] The proof of concept was built with assistance from some of the world’s largest global banks, including Barclays, BNP Paribas, Fidelity, Societe Generale, and Santander.[15]

SmartContract would later lead to the founding of Chainlink.

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Nazarov co-founded Chainlink in 2017 with Steve Ellis. That same year, Nazarov and Ellis co-authored a white paper introducing the Chainlink protocol and network with Ari Juels, a Professor of Computer Science at Cornell University and previously the Chief Scientist of RSA. In the white paper, they described Chainlink as a decentralized oracle network that provides smart contracts with secure connectivity to external resources, such as off-chain data and computation, as well as cross-chain interoperability.[16]

Chainlink has been highlighted by S&P Global Market Intelligence and other industry publications as the most widely used and market-leading blockchain oracle solution, responsible for growing the decentralized finance (DeFi) industry to over $200 billion in total value locked.[17][18] To date, the Chainlink protocol has enabled over $10 trillion in transaction value and has supported the launch of over a thousand decentralized oracle networks that provide onchain data, decentralized computation, and blockchain interoperability for DeFi applications, traditional financial institutions, decentralized insurance, blockchain gaming, and many other use cases.[19][20]

Notable DeFi applications that use Chainlink include the Aave protocol, MakerDAO, GMX, Synthetix, Compound, Liquity, Frax Finance, QiDao, Radiant Capital, and more. Chainlink is also widely used by leading institutions in traditional finance, such as Swift, The Depository Trust & Clearing Corporation (DTCC), and Australia and New Zealand Banking Group Limited (ANZ), which are collaborating with Chainlink to adopt tokenized assets and achieve interoperability between existing infrastructure and different blockchain networks.[21] Chainlink intends to bridge the decentralized finance (DeFi) and the traditional finance (TradFi) ecosystems.[22][23]

Published works

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  • 2017- ChainLink: A Decentralized Oracle Network.[24]
  • 2019- Mixicles: Simple Private Decentralized Finance.[25]
  • 2021- Chainlink 2.0: Next Steps in the Evolution of Decentralized Oracle Networks.[26]

Awards and recognition

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  • Swift Industry Challenge Winner in 2016[27]
  • Coindesk’s Most Influential People in Blockchain 2019[28]
  • Coindesk’s Most Influential People in Blockchain 2023[29]  
  • Best Web3 Personality of the Year 2024[30]

Inventions

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  • US Patent No. 11854101: “Systems, methods, and storage media for interfacing at least one smart contract stored on a decentralized architecture with external data sources”[31]
  • US Patent No. 20230318857: “Method and apparatus for producing verifiable randomness within a decentralized computing network”[32]

References

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  1. ^ Ashraf, Aoyon (2023-12-04). "Sergey Nazarov: The Crypto Oracle". www.coindesk.com. Retrieved 2024-08-21.
  2. ^ "How Chainlink is Leading the Tokenized Asset Revolution: Sergey Nazarov Explains". CryptoGlobe. Retrieved 2024-08-21.
  3. ^ "Chainlink co-founder wants web3 to provide cryptographic guarantees to the world". TechCrunch. 2024-03-29. Retrieved 2024-08-21.
  4. ^ "Chainlink launches Mainnet to get data in and out of Ethereum smart contracts". ZDNET. Retrieved 2024-08-21.
  5. ^ Richardson, Alex (2024-07-15). "Chainlink (LINK) Creator Sergey Nazarov Says Real World Assets (RWAs) Are Next Big Trend in Blockchain". The Daily Hodl. Retrieved 2024-08-21.
  6. ^ manisha (2024-02-26). "Chainlink Co-Founder Sergey Nazarov Biography: Education, Career, and Net Worth". CoinGape. Retrieved 2024-08-21.
  7. ^ Staff, CoinDesk (2019-12-01). "The Man In Plaid". www.coindesk.com. Retrieved 2024-08-26.
  8. ^ Staff, CoinDesk (2019-12-01). "The Man In Plaid". www.coindesk.com. Retrieved 2024-08-26.
  9. ^ "The Defiant". The Defiant. Retrieved 2024-08-21.
  10. ^ "Secure Asset Exchange".
  11. ^ Solimano, Decrypt / Pedro (2023-09-28). "Only Bitcoin, Ethereum, and Chainlink Are Meaningfully Decentralized: Sergey Nazarov". Decrypt. Retrieved 2024-08-21.
  12. ^ Castillo, Michael del (2016-09-26). "Swift Kicks-Off Sibos By Unveiling Blockchain Contest Winners". www.coindesk.com. Retrieved 2024-08-26.
  13. ^ "Chainlink co-founder notes importance of oracle networks following NYSE glitch".
  14. ^ Notariya, Harsh (2024-05-30). "Chainlink Co-founder Sergey Nazarov Discusses New Tokenization Opportunities". BeInCrypto. Retrieved 2024-08-21.
  15. ^ Castillo, Michael del (2017-10-16). "Swift Startup Winner Demos Smart Contract Trade with 5 Financial Firms". www.coindesk.com. Retrieved 2024-08-26.
  16. ^ "ChainLink: A Decentralized Oracle Network" (PDF).
  17. ^ "Utility at a cost: Assessing the risks of blockchain oracles". S&P Global. Retrieved 2024-08-26.
  18. ^ Canny, Will (2022-02-17). "BofA Says Chainlink Likely Driver for DeFi's TVL Growth to $203B". www.coindesk.com. Retrieved 2024-08-26.
  19. ^ "Rapid Addition and Chainlink To Build FIX-Native Blockchain Adapter for Institutional Digital Asset Trading". Yahoo Finance. 2024-05-01. Retrieved 2024-08-26.
  20. ^ Newswire, P. R. (2024-05-31). "Chainlink and Circle Partner To Expand Enterprise and Developer DeFi Engagement". GlobalFinTechSeries. Retrieved 2024-08-26.
  21. ^ Thompson, Cam (2022-12-22). "Aave DAO Votes to Integrate Chainlink Proof of Reserves to Tighten Network Security". www.coindesk.com. Retrieved 2024-08-26.
  22. ^ Akolkar, Bhushan (2024-07-23). "Chainlink's Sergey Nazarov Predicts TradFi and DeFi Integration". Crypto News Flash. Retrieved 2024-08-21.
  23. ^ "Sergey Nazarov: Only Bitcoin, Ethereum, Chainlink Truly Decentralized". CryptoGlobe. Retrieved 2024-08-21.
  24. ^ "ChainLink: A Decentralized Oracle Network".
  25. ^ "Mixicles:Simple Private Decentralized Finance" (PDF).
  26. ^ "Chainlink 2.0: Next Steps in the Evolution of Decentralized Oracle Networks" (PDF).
  27. ^ Castillo, Michael del (2016-09-26). "Swift Kicks-Off Sibos By Unveiling Blockchain Contest Winners". www.coindesk.com. Retrieved 2024-08-26.
  28. ^ Staff, CoinDesk (2019-12-01). "The Man In Plaid". www.coindesk.com. Retrieved 2024-08-26.
  29. ^ Ashraf, Aoyon (2023-12-04). "Sergey Nazarov: The Crypto Oracle". www.coindesk.com. Retrieved 2024-08-26.
  30. ^ "Paris Blockchain Week".
  31. ^ "US Patent for Systems, methods, and storage media for interfacing at least one smart contact stored on a decentralized architecture with external data sources Patent (Patent # 11,854,101 issued December 26, 2023) - Justia Patents Search". patents.justia.com. Retrieved 2024-08-26.
  32. ^ "US Patent Application for METHOD AND APPARATUS FOR PRODUCING VERIFIABLE RANDOMNESS WITHIN A DECENTRALIZED COMPUTING NETWORK Patent Application (Application #20230318857 issued October 5, 2023) - Justia Patents Search". patents.justia.com. Retrieved 2024-08-26.
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