Fabrx To Launch a Chainlink Node For On-Chain and Off-Chain “If This, Then That” Triggers and Events
Fabrx is excited to announce that they are launching a Chainlink Node for “If This, Then That” triggers and events.
Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to large enterprises (Google, Oracle, and SWIFT) and leading smart contract development teams.
Fabrx is a cloud platform for blockchain and consists of a tribe of builders, entrepreneurs, and growth hackers. They envision the digital future to be open to all and view developers as a crucial player in driving mainstream adoption of Web3 applications. The Fabrx Developer Platform is comprised of many cloud-based functions including enriched API access layers, point-and-click solutions, cross-chain cloud functions, and automated triggers and analysis.
Launching the Chainlink Node enables the Fabrx Team to develop an “If This, Then That” platform devoted to the network. The platform is set up to drive engagement and action through triggers set by users while delivering a varying array of functions to developers (a select few milestones are listed below).
- Builders will be able to call smart contract functions through an API call to the Fabrx LINK Node, most likely in the form of a GET request to retrieve information or executable payloads.
- Interoperability between smart contracts without having to deploy your own contracts. Developers will have the ability to listen for contract events from the Fabrx LINK Node and execute a receiving payload for other contract events.
- Capability to run off-chain functions through the Fabrx LINK Node that will respond to on-chain events. An example would be if the DAI Interest Rate is greater than the USDC Interest Rate, conduct an exchange of USDC to DAI with the lowest fees.
“Working with Fabrx, Chainlink is excited to bridge smart contracts with Fabrx’s framework of conditional functions to power off-chain events.“ — Daniel Kochis, Chainlink Global Head of Business Development
“We chose Chainlink as a trusted way for our off-chain functions (“if this, then that”) to speak with smart contracts. These smart contracts will be able to point to our decentralized Chainlink node for API events and will be a far more reliable way for smart contracts to interact with the outside world, as opposed to hard-coding our API URL directly. One day, we hope to become a host for other developers to deploy off-chain functions, which can interact with on-chain events. These functions can then run on their own Chainlink nodes, further decentralizing our “if this, then that” architecture.” — Ryan Berkun, Fabrx CEO
Note: chainlinkecosystem.com does not claim any ownership of this content, all credit to Fabrx, view official announcement.