Chainlink Labs, a smart-contract service provider, recently appointed Eric Schmidt, former CEO of Google as a strategic advisor. Schmidt will help Chainlink build “a world guided with truth.”
Schmidt Joins Chainlink
Chainlink released a statement on Tuesday announcing the hiring of Ex-Google’s chief executive. The team’s goal is to aggregate and implement real-world data that can be used in smart contracts on different blockchains. This is done by connecting web 3.0 systems to legacy databases using Oracle networks.
Chainlink has collectively helped to secure more than $80 billion of total value across multiple smart-contract chain networks.
Sergey Nazarov, Chainlink’s co-founder, said that Blockchain networks and Chainlink Oracles are at an important inflection point in terms growth and adoption. As we work with developers and institutions to bring in the new era of economic fairness, transparency and transparency, Eric’s knowledge and insight around building global software platforms will prove invaluable.
Eric Schmidt was instrumental in helping Google expand its infrastructure. He also presided over the launch of Gmail and Google Maps. He also served as chairman of the Department of Defense’s innovation board and National Security Commission on Artificial Intelligence. He is today the co-founder of Schmidt Futures, and the chairman of the Broad Institute of MIT or Harvard.
Schmidt believes that blockchain’s inability to connect with the physical world is one its greatest weaknesses. Chainlink helps address this problem.
“Chainlink is the secret ingredient to unlocking smart contract platform’s potential and revolutionizing business and society.” It is a great pleasure to help Chainlink Labs build a world based on truth.
Eric Schmidt. Source: Vox
Chainlink’s mission is to build a multi-blockchain ecosystem. It has been successful in expanding its network so far. The company partnered in October with Cardano, a top ten blockchain ecosystem to bring oracle system to Cardano smart contracts. It was a remarkable timing given that Cardano only recently implemented smart contract technology onto their chain.
The Associated Press recently announced the launch of a Chainlink node. This will provide verifiable data to smart contract developers from a trusted source.
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