Chainlink CEO, Sergey Nazarov, has highlighted the vulnerabilities of centralized financial systems following a glitch that caused several securities listed on the New York Stock Exchange to drop by up to 99.9%. Nazarov suggested that Chainlink's decentralized oracle networks could mitigate such risks by providing accurate, tamper-proof data. He added that integrating blockchain technology could enhance the reliability and transparency of financial markets. Oracle networks like Chainlink feed smart contracts with real-world data, preventing single points of failure inherent in centralized systems. The NYSE glitch, which affected stocks such as Berkshire Hathaway and McDonald’s, has since been resolved.