Kaiko Partners with Chainlink to Bring Cryptocurrency Market Data to Smart Contracts
The Kaiko team is thrilled to announce our partnership with Chainlink, a leader in decentralized oracle networks and secure smart contracts. The partnership will integrate Kaiko’s cryptocurrency market data with Chainlink’s decentralized network of blockchain oracles, providing a consistent and secure market data source for smart contracts.
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 both large enterprises (SWIFT) and leading smart contract development teams.
An “oracle” is third-party information source that supplies information to blockchains for the creation of smart contracts. Oracles enable smart contracts to communicate outside of the decentralized blockchain network. Using a network of decentralized oracles, Chainlink specializes in securely bridging smart contracts with real-world data sources, various APIs, bank payments, and key off-chain resources.
Kaiko is a leading digital assets data provider, covering top cryptocurrency exchanges. We collect, normalize, and distribute market data through our API, Data Feed, and livestream services. At Kaiko, we believe that reliable and quality data is crucial for understanding the growing digital assets industry. We provide the tools you need to make informed decisions and power any data-based strategy or application.
By partnering with Chainlink, Kaiko can further its mission to increase transparency in the digital assets industry. We understand the importance of institutional-grade cryptocurrency market data, and Chainlink’s decentralized blockchain oracles give us a platform to enhance connectivity among a wider range of market participants. We will feed our market data through Chainlink’s oracle network, which will power smart contracts that require a consistent off-chain data source.
Ambre Soubiran, CEO of Kaiko, says “We chose to partner with Chainlink because of their proven record of execution in the blockchain ecosystem. Working together, we can securely deliver consistent and quality off-chain market data to power blockchain-based smart contracts, bringing transparency and connectivity to all actors in the space.”
Note: chainlinkecosystem.com does not claim any ownership of this content, all credit to Kaiko, view official announcement.