First Cohort of Startups Selected for Oracle’s Blockchain and Chainlink Innovation Project
Earlier this year, we announced that Oracle for Startups was co-developing a blockchain project for selected startups through a collaboration with Chainlink, a decentralized blockchain oracle network infrastructure, and experts from Oracle Blockchain, LinkPool and Honeycomb.
So why should startups care? Two big reasons: Revenue generation and innovation.
The goal of the project is to enable an ecosystem where startups can generate new revenue from smart contracts executed on the blockchain through the monetization of APIs hosted on the Oracle Cloud infrastructure and through the collaboration with Chainlink and API marketplace providers.
Today, we are announcing the first cohort of 20 startups selected as part of this innovation project (see full list below). Starting with these initial 20, we’ll test and learn, develop best practices, land it, and scale it. We have committed to working with 50+ startups. These initial 20 startups are phase 1 with more startups joining in phases. The opportunities are tremendous.
As a recent Gartner report noted, blockchain smart contracts can revolutionize data collection, sharing and usage, creating new data insights and giving companies an early adopter advantage. “Leaders responsible for combining technology with data strategy must deploy blockchain smart contracts now or forfeit competitive differentiation,” the report stated.
Testing, learning, early adoption and bold innovation. All principals that are core to the Oracle for Startups ethos. In fact, it’s part of the vision of every startup we work with too.
Chainlink is secure-focused blockchain middleware that allows smart contracts on various networks to connect with critical resources and data needed—for both on and off-chain systems. Chainlink’s infrastructure integrated with Oracle Blockchain Platform will help provide reliable tamper-proof deterministic inputs to complex smart contracts used for enterprise applications.
The Oracle for Startups team will work with the selected startups to launch Chainlink nodes in Oracle Cloud Infrastructure (OCI), which will be available for integration with Oracle Blockchain Platform (OBP) smart contacts via Chainlink middleware. From the learnings, we can generate best practices for developing smart contracts that integrate to Chainlink that will benefit the ecosystem.
The ecosystem of API providers (startups) will work in concert with Chainlink node operators and smart contract developers, creating a network of mutually interested entities. Neutral third-party API marketplace providers like LinkPool and Honeycomb will act as the catalyst by providing services that will cultivate interest and build “chainlinks” between API providers (startups), independent Chainlink node operators, and smart contract developers.
We are excited to get started with these initial 20 startups and continue to scale the project. We are hopeful for strong results that drive revenue generation and bold innovation for all.
Stay tuned. We’ll keep you posted.
• Agropacking Solutions (Brazil)
• AtCash (US)
• bluField (US)
• CashPundit (India)
• Constellation Group (UK)
• Credits (US)
• Crowdz (US)
• CyNation (UK)
• DriveOn (Brazil)
• Gravel Coin (Brazil)
• Insolar (Switzerland)
• Ld8a (UK)
• LotsApp (Brazil)
• MaxCentive (US)
• MonoChain (UK)
• North East (UK)
• Quant Network (UK)
• retraced (Germany)
• Snapper Future Tech (India)
• WorldLaw (US)
Discover how your startup can leverage Oracle Cloud Infrastructure and enterprise expertise through Oracle for Startups. Free cloud is just the beginning.
Note: chainlinkecosystem.com does not claim any ownership of this content, all credit to Oracle, view official announcement.