Odaily Planet Daily reported that during the Chainlink-hosted 2024 Hong Kong SmartCon conference, Chainlink co-founder Sergey Nazarov stated that Chainlink's original intention is to establish and become the industry standard, connecting the Web3 DeFi market with traditional capital markets. To achieve this, Chainlink offers a variety of products and services, covering market data, proof of reserves, identity, VRF, CCIP cross-chain protocols, and more. Sergey Nazarov reflected and looked ahead: "Every 30 years, the financial system undergoes a super evolution, represented by COBOL from the 70s to the 90s; from the 90s to 2010, represented by Swift, the financial world entered the internet era under Java Runtime Environment (JRE); today, the DeFi ecosystem has grown into a $200 billion small economic system, and its next challenge is how to provide developers with the conditions to quickly build advanced applications, thus promoting a more prosperous financial system. This is precisely why we are focused on building the Chainlink Runtime Environment platform (CRE); CRE will lead the next stage of the financial revolution, connecting and integrating various traditional financial standards (such as Swift API) with the DeFi world based on smart contracts and blockchain." The upgraded CRE features include: new modular, composable architecture, scalability to over 1,000 chains, deep customization for capital market users, and self-service product development. Early bird users can click on the "original link" to register for an early experience.