We’re excited to announce a strategic partnership between Chainlink and SBI Group one of Japan’s largest financial conglomerates with the USD equivalent of over $200 billion in total assets.
https://t.co/eZFGt8ysDK
SBI Group and Chainlink will focus on powering several innovative use cases centered around tokenized funds, tokenized real-world assets such as real estate and bonds, regulated stablecoins, and more.
SBI Group and Japanese financial services companies will leverage Chainlink services, including the Cross-Chain Interoperability Protocol (CCIP), SmartData (NAV), and Proof of Reserve to unlock secondary market liquidity and enhance the operational efficiency of tokenized assets while seamlessly fulfilling compliance and privacy requirements.
Yoshitaka Kitao, Representative Director, Chairman, President & CEO of SBI Holdings, stated:
“Chainlink is a natural partner for SBI complementing our financial footprint with their market leading interoperability and reliability onchain. With our combined strengths, we are delighted to be working together on developing groundbreaking, secure, compliance-focused solutions, including powering compliant cross-border transactions using stablecoins, that accelerate the widespread adoption of digital assets in Japan and the region.”
Chainlink, UBS Asset Management, and SBI Digital Markets previously completed a solution for automated fund administration and transfer agency using smart contracts under the Monetary Authority of Singapore's (MAS) Project Guardian.
$LINK might be the most obvious large-cap play for this cycle (yet most people will miss it).
It’s the #1 winner from the institutionalisation of crypto and the explosive growth of stablecoins, tokenisation, and RWAs.
🧵: Why I’m betting big on $LINK - the full thesis.👇
$LINK looks quite easy here.
I think that there's a lot of upside to be made with the token, given the recent updates and that it's undervalued.
In that sense, any dip in the $18-20 area is a great opportunity to be stepping in before it goes to $30+.
The Associated Press (@AP), one of the largest news organizations in the world, is launching an official #Chainlink node to bring high-quality economic data, sports outcomes, and business financials onto blockchains to support smart contract innovation.
Switzerland's leading telecommunication & IT infrastructure provider @Swisscom is now running its own official #Chainlink node on mainnet and servicing Chainlink Price Feeds, further increasing the robustness & decentralization of Chainlink oracle services.
One of the world's leading weather data providers @accuweather will launch an official #Chainlink node, bringing high-quality weather data to leading blockchains to power hybrid smart contracts like parametric insurance for millions of locations worldwide.
Hybrid smart contracts have a net positive effect on the environment, because they can be used to create incentives for avoiding pollution and for fixing issues created by a shift in climate. Highly automated carbon tax credits using oracle network verified events is one example.
Introducing #Chainlink 2.0: Next Steps in the Evolution of Decentralized Oracle Networks, a 136-page second whitepaper, which describes how Hybrid Smart Contracts in #DeFi and beyond will reach new heights by utilizing Decentralized Oracle Networks. https://t.co/OxVkiY7jq8
.@Chainlink expands the capability of smart contracts by enabling access to real-world data, events, payments, and more. It's also the asset underlying Grayscale Chainlink Trust. $LINK https://t.co/HdNDe63s6J
Chainlink is live on @Arbitrum, starting with Chainlink Price Feeds for DeFi developers. As Arbitrum’s recommended oracle solution, #Chainlink enables #DeFi apps like @Bancor & @MonteCarloDEX to access off-chain resources in a scalable layer 2 environment. https://t.co/BGsB6pCkYP
For those wanting an in-depth technical overview of the design goals, computer science, and report generation process behind Chainlink Off-Chain Reporting, we encourage you to read the OCR protocol paper linked below. https://t.co/Ip8aq46SfD
OCR is the newest version of the #Chainlink core client, which Chainlink nodes will run in parallel with FluxMonitor for multi-client diversity. OCR’s model of off-chain computation enables oracles to cost-effectively feed secure data on-chain for smart contract consumption.
Off-Chain Reporting is now live on mainnet, marking a major scalability upgrade of Chainlink’s oracle network. OCR reduces on-chain gas costs by up to 90% & enables #Chainlink to bring 10x more data on-chain, accelerating #DeFi & smart contract innovation. https://t.co/1Qu9DwgDpC
In 24 hours I’m going to give one random person that retweets this tweet $10,000 in Bitcoin! (Yup, gonna experiment with this instead of cash haha) Make sure you follow me so I can dm you if you win :)
We’re excited to share a new paper that we co-authored with @WEF, exploring the importance of decentralized oracles for connecting existing systems to blockchains and how #Chainlink provides a universal gateway for enterprises to easily adopt smart contracts.
An increasing number of on-chain price oracles are being exploited via flash loans, as a way to easily manipulate prices used in DeFi contracts. Developers, please be aware of these risks as detailed in various posts from us here:
https://t.co/AlPCU76mza
https://t.co/ssCnMq2LBM
Proof of Reserve allows #DeFi protocols to have proof about the collateral they rely on. Encouraging the use of that collateral.
It's on track to secure $1Bn+ in BTC through @WrappedBTC and @renprotocol:
https://t.co/9ZsXiyqN3e
https://t.co/FcUJUaWWLn
https://t.co/1nCqafyMFO
It seems likely DeFi will be adopted by existing financial institutions as a new financial product. Starting with access to Bitcoin needing custody solutions, evolving into the need for a blockchain abstraction layer to interact with #DeFi smart contracts.
https://t.co/R7JtIfT7aw