Hugo Philion, CEO of Flare, explains that Flare is a third-generation blockchain focused on integrating data into smart contracts, enabling new decentralized applications, and improving trustworthiness in decentralized finance (DeFi) by securing oracles. He discusses the potential for blockchain in social media, gaming, and machine learning, emphasizing the importance of off-chain computation for handling large data volumes. Flare aims to become a pivotal component in how data is utilized across various blockchain ecosystems.
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