Facebook is going after all the money in the world, which is 90.4 trillion. Google is going after derivatives, which is 1.2 quadrillion. Google is going after more then 90%.

"Is Google Chasing The 90% Potential Of Blockchain That Facebook Left Out?"https://www.forbes.com/sites/darrynpollock/2019/07/02/is-google-chasing-the-90-potential-of-blockchain-that-facebook-left-out/#4c8a45a53185"Facebook, as a company serving individuals, is looking at taking tokens forward, but Google may well be looking to the enterprises. By honing in on smarter smart contracts, Google could well be tapping into the other 90 percent of blockchain's potential.""So, for the people at Google, they are looking at the two directions. One direction is heavy tokens, which is fine, and then the other direction asks: 'what else can blockchains do?' and my sincere opinion is that tokens are maybe 10 percent of what this stuff can do." -Sergey Nazarov (CEO of Chainlink)"Think about how this looks from an enterprise point of view," Nazarov said. "Realistically, all the contracts - financial contracts - in the world, 10 -20 percent is about ownership and transfer. That covers tokens, which is all very useful in itself, but it also shows that a reliable method of doing that is extremely valuable. "Then the question becomes - 'if all we can do today is ownership' - what is the other 80 percent in contracts? And the other 80 percent is what we are talking about. What we work on is trying to get that other 80 percent to function, and for that, we need to work on more than application, we need to build an environment for the application to exist in." - Sergey Nazarov (CEO of Chainlink)Well, it turns out that Forbes article is slightly wrong, Facebook is going after less then 10% and Google is going after more then 90%. Check the size of all available money here, nicely visualized, and pay attention to derivatives:https://ift.tt/2Jj0o9E is building derivatives exchange with ISDA ("International Swaps and Derivatives Association"):https://www.isda.org/2019/04/09/digital-asset-and-isda-introduce-tool-to-help-drive-adoption-of-isda-cdm/https://www.youtube.com/watch?v=BYMiH9XyKpIhttps://cloud.google.com/blog/products/ai-machine-learning/how-we-built-a-derivatives-exchange-for-google-next-18https://cloud.google.com/blog/products/data-analytics/building-hybrid-blockchain-cloud-applications-with-ethereum-and-google-cloudISDA PDF, Oracles are explained on page 22:https://ift.tt/2Xrlo88 easily explained:https://ift.tt/2JnxNQf Derivatives Proof of Concept for SWIFT:https://ift.tt/2XmGAM9 great thoughts:https://imgur.com/a/5bQlxEyhttps://twitter.com/SergeyNazarov/status/862157769813643264https://i.redd.it/8xv17l4q4ll11.jpghttps://i.imgur.com/h7hMOvz.png

Submitted July 02, 2019 at 09:07PM