I believe stablecoins, collateral and money reserve audits and checks could become gigantic use cases for @chainlink. Reasons:
1/ Typically stablecoin issuers do quarterly semi-annual and/or annual audits because it’s expensive and reveals the truth behind assets.
Some of them don’t do audits at all or can only provide partial data, which is not transparent and accurate enough.
Some of them don’t do audits at all or can only provide partial data, which is not transparent and accurate enough.
2/ An oracle could pull the data from bank accounts and various resources to verify that a marketcap of whatever stablecoin is backed by a list of real assets, debt, collateral or whatever form of value that is acceptable in both the traditional and crypto financial industry.
3/ This allows hourly and daily audits for stablecoin issuers, which removes potential market manipulations due to some rumors of involved parties.
4/ The same approach could be applied across every niche within crypto industry that requires a proof of asset issuance, ownership, availability, etc.
5/ Here’s a few potential
things:
⁃ proof of funds on hot and cold wallets of an A exchange
⁃ asset allocation of a B fund, company, investor
⁃ solvency of a C person, firm, entity
⁃ instant proof of ownership of a D entity, equity, stock, license, etc.

⁃ proof of funds on hot and cold wallets of an A exchange
⁃ asset allocation of a B fund, company, investor
⁃ solvency of a C person, firm, entity
⁃ instant proof of ownership of a D entity, equity, stock, license, etc.
Aaaand that’s only 1 use case.
