The former head of Google Eric Schmidt will not serve as an advisor to Chainlink Labs thanks to his experiences in the world of oracles as we can find out more in today’s Chainlink news.
Eric Schmidt is the former head of Google and an Alphabet Technical advisor. Chainlink Labs whose protocol connects data from outside sources to the blockchain announced that the former Google CEO joined the organization as a strategic advisor. As a strategic advisor, Scdhmit will assess the performance of Chainlink and will provide guidance to find what are the strengths and weaknesses that could exist in the chainlink blockchain.
Blockchain networks and Chainlink oracles are a key inflection point in terms of growth and adoption according to the co-founder of chainlink Sergey Nazarov. Eric’s experience and insights around building a global software platform for the next generation of innovation will be invaluable because they help developers and institutions to bring in a new age of economic fairness and transparency. San Francisco-based Chainlink Labs launched the chainlink network in 2017 and it started providing real-world data to Ethereum and other blockchain network smart contracts via its decentralized oracle network. In other words, the data sent to Chainlink’s network of nodes is seen on other networks via smart contracts.
Chainlink has its own utility token for compensating the node operators of the network and it is now the 20th biggest crypto by market cap with over $9 billion up its sleeve. Chainlink Labs has a few big partnerships for Schmidt to keep entertained with. Back in October. The Associated Press said it will use chainlink to help verify the articles that are produced by writers. The Associated Press will be using Chainlink’s oracle to automate news distribution and all of the data will be secured using Chainlink technology. The AP is a collective of more than 1300 newspapers and broadcasters and it is going ahead headfirst into decentralized news and publishing. In 2019, Google Cloud started working with Chainlink to create an API that allows smart contracts to query the National Oceanic and Atmospheric Administration database which incorporates the information from more than 9000 weather stations. Schmidt said:
“Chainlink is a secret ingredient to unlocking the potential of smart contract platforms and revolutionizing business and society. I am excited to be helping the Chainlink Labs team build a world powered by truth.”
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