The partnership was announced at the Cardano Summit 202
Cardano and Chainlink announced strategic collaboration. Source: pixabay.com
InputOutput (IOKH), the technology company building Cardano’s open-source blockchain, announced its collaboration with Chainlink Labs. It aims to integrate Chainlink’s leading decentralized oracle network as Cardano’s preferred oracle solution.
The technological solutions provided by Chainlink can be used to support smart contracts via the provision of high-quality data.
The partnership is set to speed up the development of the cryptocurrency firm’s decentralized DeFi ecosystem. Chainlink Oracle is expected to facilitate security, ease access to real-time data and also enable long operation time.
The integration will roll out with a two-stage process: an initial testnet launch introducing Chainlink’s crypto price feeds, followed by a mainnet launch giving developers access to Chainlink’s broad range of price feeds and decentralized services.
We’ve reported that TikTok teamed up with US-based fintech.
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