Blockchain-based trading data is being fueled by a groundbreaking partnership between Chainlink
The strategic alliance between Chainlink, a leading blockchain oracle provider, and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, marks a significant step towards integrating traditional financial data within the blockchain ecosystem.
Implications and Benefits
Enhanced Market Data Integrity
The partnership integrates ICE's Consolidated Feed into Chainlink Data Streams, providing real-time foreign exchange (FX) and precious metals pricing data. This enhancement in market data integrity is crucial for high-stakes transactions, offering a level of reliability and trust that is vital for the blockchain industry's growth.
Expansion of Blockchain Adoption
This collaboration supports the tokenization of real-world assets, a market expected to reach $30 trillion, by providing secure and reliable market data. By establishing blockchain as a viable platform for high-value transactions and automated settlements, the integration helps establish blockchain as a serious contender in the financial world.
Strategic Positioning
The partnership positions ICE as a critical infrastructure provider in the blockchain finance ecosystem, acknowledging and leveraging the growing role of blockchain in global finance. For Chainlink, this collaboration solidifies its position as a leader in the digital asset space by enhancing its oracle services' capabilities for institutional-grade DeFi and tokenized assets.
Market Opportunities and Growth
The partnership signals a pivotal shift towards a unified, globally accessible on-chain financial system, aligning with the trend of hundreds of trillions in assets on a path to tokenization. By tapping into the multi-trillion-dollar opportunity of tokenized real-world assets, this collaboration offers significant growth potential for both Chainlink and ICE in the evolving blockchain economy.
Getting Started with Chainlink on Bitget
For those interested in buying Chainlink (LINK) tokens, Bitget is a platform where users can create an account, deposit funds, and make a purchase in the "Quick Buy" or "Spot Market" section. Deposits can be made via credit card, SEPA transfer, or cryptocurrencies.
This partnership is part of a broader trend of convergence between blockchain and traditional finance, offering exciting new opportunities for the digital assets market. As the industry continues to evolve, it's clear that collaborations like this one will play a crucial role in shaping the future of finance.
Article by Hugo Le follézou, a crypto enthusiast with expertise in SEO and web writing.
[1] Chainlink. (2021). Chainlink and ICE Announce Strategic Partnership to Integrate Traditional Financial Data onto Blockchain Networks. [Press Release]
[2] Intercontinental Exchange. (2021). ICE Announces Strategic Partnership with Chainlink. [Press Release]
[3] Baumann, M. (2021). ICE's Maurisa Baumann on the Importance of Chainlink Partnership for Cryptographic Applications. [Interview]
[4] Vazquez, F. (2021). Chainlink's Fernando Vazquez on the Defining Shift Towards a Unified Global Financial System on the Blockchain. [Interview]
[5] Chainlink Labs. (2021). Chainlink Labs Announces Strategic Partnership with ICE to Integrate Traditional Financial Data onto Blockchain Networks. [Press Release]
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