The United States needs to establish a competitive moat around highly secure tokenized real-world assets (RWAs) to remain competitive in the age of borderless, permissionless finance, according to Chainlink co-founder Sergey Nazarov.
In an interview with Cointelegraph’s Turner Wright at the Digital Asset Summit in New York, Nazarov said that blockchain is a global phenomenon that relies on open-source software and distributed technology, unlike previous technological shifts.
The executive added that the shift to online commerce, which gave the US a competitive advantage due to a five- to 10-year head start on the development of internet infrastructure, is not applicable in the age of digital finance. The executive told Cointelegraph:
“The US really has to push its other two advantages of a very strong domestic market and the ability for it to create these highly reliable financial assets. And this is what I think the administration and the people in the legislature are