13 Sep 2017
ChainLink (aka Link Network) is a product by the team at SmartContract and has been in development since 2014.
The startup seeks to solve a significant problem in the world of blockchain innovation by deploying a solution to interact with external and centralized data-feeds.
In brief, the goals of the ChainLink technology are the following:
1) to provide a secure and decentralized middleware known as ‘oracles’ that can be used to communicate with centralized data feeds
2) to become a standard solution for such use cases as financial data, financial agreements, insurance, etc.
3) to combine and interact with other off-chain services such as payment gateways, execution of contracts and other actionable services on any API