Tina Holmstrom
Joining forces with Chainlink network, Associated Press (AP) will make its economic, sports, and race call sets of data accessible to world’s leading blockchains. Chainlink is the largest decentralized network of oracles in the world, enabling secure smart contracts on any blockchain to safely interact with the AP’s real-world data.
By launching a Chainlink node, which securely connects blockchain environments with external data, Apps will be able to access and purchase AP data directly from various blockchain applications. The data will be cryptographically signed to verify it is from AP.
AP U.S. race calls, economic data, sports game outcomes and business financials will be available.
The data can be used to automate key processes that happen on-chain, including informing markets of election race calls, triggering an on-chain trade when a company’s quarterly financials are released, or augmenting the appearance of non-fungible tokens based on real-world events.
Chainlink makes application programming interfaces (APIs) easily compatible, accessible and monetizable within any blockchain
“AP has established itself as one of the most trusted independent news organizations in the world for real-time news in all formats. Given its large and continually growing repository of facts and data, combined with Chainlink’s proven oracle infrastructure for providing reliable data feeds across leading blockchain networks, it makes sense for the AP to launch a Chainlink oracle node and support innovation within emerging smart contract industries,” said William Herkelrath, managing director at Chainlink Labs.
The availability of AP’s datasets via Chainlink comes as smart contracts
Tamper-proof computer programs that trigger outcomes when certain conditions are met — are growing in popularity, especially in industries like decentralized finance (DeFi) and NFTs.
“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” said Dwayne Desaulniers, AP director of blockchain and data licensing. “Working with Chainlink allows this information to be compatible with any blockchain. The open-source software is reliable, secure, and widely used across leading blockchain networks.”
This work with Chainlink is a continuation of AP’s industry-leading foray into blockchain-based markets
AP collaborated with Everipedia to publish U.S. race calls on the Ethereum blockchain in 2020. The news agency sold the first media NFT in early 2021 and continues to tokenize news for collectors. Most recently, AP broke new ground by delivering data to feed and inform digital generative artworks.
Originally posted HERE
