This week Jorrin Bruns (Support Engineer, Parity Technologies) is joined by Cassidy Daly, token design and research specialist at Centrifuge, a Substrate-based blockchain that recently won a parachain slot on Polkadot. Centrifuge aims to bring an archaic financial system into the Web3 space, enabling users to unlock financing for their real world assets by bringing them on-chain.Daly describes why the team chose Substrate to build Centrifuge and its canary network Altair, and why Centrifuge became a Polkadot parachain: to reconcile issues with Ethereum including scalability and fees, and the difficulty in maintaining an ETH bridge. They also discuss bringing the Tinlake DApp from Ethereum over to Centrifuge to tap into the specialization between interoperable parachains and drive efficiencies, lower the cost of financing and guarantee the custody and ownership of physical assets on-chain. Useful LinksCentrifuge's website (https://centrifuge.io/) Tinlake's website (https://tinlake.centrifuge.io/) Altair's website (https://centrifuge.io/altair/)Kilt's website (https://www.kilt.io/)Highlights01:47 What is Centrifuge?07:27 Creating real-world assets on Centrifuge to use on Ethereum12:10 Integrations with MakerDAO and Aave15:55 Guaranteeing custody of physical assets on-chain22:40 Centrifuge’s potential uses cases26:15 Use cases of Altair vs Centrifuge parachains 33:25 Decentralizing Altair36:50 Altair roadmap and the NFT studio DApp44:10 Building functionality into the runtime46:37 How Centrifuge fits into DeFi 2.049:20 Plans for Centrifuge as a Polkadot parachainSpecial Guest: Cassidy Daly.