Associated Press To Utilize Chainlink Smart Contracts
22 October 2021 - 5:47AM
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The Associated Press (AP) has historically been known as one of the
most reliable sources in news data. This week, the AP has announced
that they are launching a Chainlink node to make a variety of
different datasets available to leading blockchains. The AP has
continued to be aggressive in utilizing blockchain technology to
provide data in the quickest and most reliable way possible. Moving
At The Speed Of News In today’s world, news is arriving to
consumer’s eyes and ears faster than ever. The Associated Press’
move this week to leverage Chainlink oracles will look to address
exactly that, all while maintaining the verifiability and
legitimacy of the data. According to the AP’s press release, in
utilizing the Chainlink node, “AP data will be supplied and sold
directly to applications running across various blockchains.”
Additionally, the AP will have the data cryptographically signed to
maintain veracity. Data will initially be focused around U.S.
political race calls, economic data, sports game outcomes and
business financials. These data sets can often be
‘around-the-clock’ data that is constantly evolving and in high
demand for the latest possible updates, making them ideal pieces of
data to have streamlined through Chainlink oracles. Dwayne
Desaulniers, AP director of blockchain and data licensing, noted
that “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.”
Chainlink's token LINK has been through a rocky year, but the
blockchain has continually been a force for real-time API data
feeds. | Source: LINK-USD on TradingView.com Related Reading |
PayPal Co-founder Peter Thiel Admits He Underinvested In Bitcoin
The Associated Press Perspective On Blockchain As the AP notes in
their press release, this isn’t their first endeavor into crypto
and blockchain technology. The company partnered with
blockchain-based encyclopedia Everipedia last year to publish U.S.
political race calls last year during a fiery election season.
Earlier in the year, the Associated Press was the first to sell a
media NFT, which yielded over $150K at final sale. The AP is coming
back for more by releasing a new NFT collection on the Binance
Marketplace as well, and many other publications, like TIME
Magazine, have followed suit. Additionally, the AP has been
delivering data to engage with digital generative artworks. Imagine
art on your wall that changes as the weather does? Data feeds
impacting generative art are showing immense potential, and the
Associated Press clearly wants to be a part of it. Meanwhile,
Chainlink to continues to build established relationships with
major players; Chainlink has worked with Google Cloud since 2019 to
incorporate Google weather data to power decentralized insurance
around weather. Expect more major data-movers to come on board in
the years to come. Related Reading | LUNA Outperforms Bitcoin’s
Rally, Why It’s Ready For Massive Gains Featured image from Pexels,
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