• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
Advertisement
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Associated Press To Run Chainlink Nodes, Bringing Trusted Data To Blockchains

October 23, 2021
in Crypto News
Reading Time: 3 mins read
A A
0
Associated Press To Run Chainlink Nodes, Bringing Trusted Data To Blockchains
0
SHARES
4
VIEWS
ShareShareShareShareShare

Associated Press (AP), an independent global news organization, has disclosed its plans to run a Chainlink oracle node which will publish data for blockchains through Chainlink’s blockchain oracle network.

The decision to run a Chainlink oracle node comes, according to AP, based on the positive response from blockchain developers, who have for some time sought trusted data from a reliable news agency that could help them further develop the crypto and blockchain space. AP says that its strategic move towards shifting into blockchain technology was to build and bring trusted data to the public, serving “a publicly accessible, safe and secure record of verified information.” on the blockchain and beyond.

The agency said its primary reason for the shift to blockchain was “trust,” in that the on-chain data it provided would be “a publicly accessible, safe and secure record of verified information,” with Chainlink as its integral collaborator for the process.

“Chainlink technology is the ideal way to provide smart contract developers anywhere in the world with direct, on-demand access to AP’s trusted economic, sports, and race call data. Working with Chainlink allows this information to be compatible with any blockchain. The open-source software is reliable, secure, and widely used across leading blockchain networks.” shares Dwayne Desaulniers, AP’s Director of Blockchain and Data Licensing.

Founded in 1846, AP has been one of the most trusted news organizations for factual reporting. It also serves the news industry with essential technology and services that are key to the success of news platforms across the world.

AP says that it has been keeping “a finger on the pulse of the blockchain economy,” and that the Chainlink oracle node’s dataset can be leveraged to “automate key processes that happen on-chain, including informing markets of election race calls, triggering an on-chain trade when a company’s quarterly financials are released, or augmenting the appearance of non-fungible tokens based on real-world events.” Because they are built with blockchain technology, data from the oracle networks are tamper-proof and easily verifiable.

Chainlink, its collaborator in the oracle node’s planning and implementation, is recognized in the crypto and blockchain space as a bearer of industry-standard services for building, accessing, and selling oracle services required to run hybrid smart contracts across a range of blockchains and their specific protocol’s parameters.

Chainlink’s oracle networks provide smart contracts with external API integration, enabling secure off-chain computations that unlock advanced blockchain applications such as decentralized finance, insurance protocols, gaming platforms and metaverses, as well as other industries and sectors such as blockchain security and analytics.

AP’s collaboration with Chainlink follows its earlier initiatives at applying blockchain technology to professional journalism. In 2018, the agency partnered with Civil, a blockchain-based journalism startup, to explore applications of blockchain technology to secure intellectual property rights, create support networks for ethical journalism, as well as track content usage for responsible publishing and authorship. In 2020, in the aftermath of the U.S. presidential election, AP published verified poll results on the Ethereum and EOS blockchains.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Grocers grapple with supply chain, labor woes as shelves empty out ahead of holidays

Next Post

Snap’s Record Rout Leads $142 Billion Social-Media Selloff

Related Posts

This altcoin and Binance Coin are ready to explode in price – This is how you profit
Crypto News

Binance employees and ‘angels’ helping crypto investors in China and other counties with bans evade resrtictions

March 25, 2023
0
Crypto price predictions: OAX, Mask Network, Arbitrum
Crypto News

Crypto price predictions: OAX, Mask Network, Arbitrum

March 24, 2023
5
Bitcoin Reclaims $28K After Enhanced Volatility, Litecoin Up 15% Weekly (Market Watch)
Crypto News

Bitcoin Reclaims $28K After Enhanced Volatility, Litecoin Up 15% Weekly (Market Watch)

March 24, 2023
4
Chinese Users Bypass Binance KYC Curbs With The Help Of…
Crypto News

Chinese Users Bypass Binance KYC Curbs With The Help Of…

March 24, 2023
4
DCG Subsidiary Luno Names a New CEO in Preparation for a Public Listing
Crypto News

DCG Subsidiary Luno Names a New CEO in Preparation for a Public Listing

March 24, 2023
4
Next Post
Snap’s Record Rout Leads $142 Billion Social-Media Selloff

Snap’s Record Rout Leads $142 Billion Social-Media Selloff

Recommended

HSBC Acquires Silicon Valley Bank UK for a Pound (Report)

HSBC Acquires Silicon Valley Bank UK for a Pound (Report)

March 13, 2023
5
Rising use of Fertilizers in Agriculture is Fueling Demand for Potassium Chloride with the USA Holding 86% Market Share in North America

Rising use of Fertilizers in Agriculture is Fueling Demand for Potassium Chloride with the USA Holding 86% Market Share in North America

March 21, 2023
4
GLD ETF stock price cup and handle points to more upside

GLD ETF stock price cup and handle points to more upside

March 16, 2023
3
Justin Sun 100% confident Huobi will obtain Hong Kong VASP license

Justin Sun 100% confident Huobi will obtain Hong Kong VASP license

March 1, 2023
3
Contract Logistics Market Worth USD 437.52 Billion by 2029

MicroStar Logistics Announces Major Expansion, Launches New Network Services Division to Manage Reusable Plastic Pallets for the Beer Industry

February 26, 2023
4
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Binance employees and ‘angels’ helping crypto investors in China and other counties with bans evade resrtictions
  • Bitcoin cannot be stopped – Regulators will only be playing Whack-a-Mole: Caitlin Long
  • Kaiko: Liquidity situation in crypto “worsening” amid USD payment rails issue

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?