Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Chainlink Combines AI, Oracles, and Blockchain to Address Corporate Data Fragmentation in Financial Markets

Chainlink Combines AI, Oracles, and Blockchain to Address Corporate Data Fragmentation in Financial Markets

CointimeCointime2024/11/07 11:11
By:Cointime

The combination of blockchain technology and artificial intelligence (AI) has become a popular area of investment for startups and investors, with traditional financial institutions also exploring the potential of this technology. Chainlink, a widely adopted oracle network in the crypto industry, has released a report on an initiative that combines AI, oracles, and blockchain technology to address the lack of real-time and standardized data around corporate actions. This project aims to create a "unified golden record" of corporate actions that can be accessed in real-time by relevant parties, reducing the need for manual reviews and saving investors, brokers, and custodian businesses millions of dollars annually. While there are still challenges to overcome, such as the potential for inaccurate or fabricated information, this project has the potential to significantly reduce costly errors in the financial system.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Trump and Wall Street: How long will the love affair last?

Share link:In this post: Wall Street loved Trump’s win at first—stocks jumped, Bitcoin soared, and borrowing costs hit rock bottom, but some sectors started cracking fast. Tax cuts and deregulation made financial and energy stocks shoot up, but tariffs and plans to deport workers freaked out economists and markets. Tariffs mean higher prices for Americans, and even Walmart’s warning it’ll have to raise prices if Trump pushes through with his trade war.

Cryptopolitan2024/11/24 03:44