Cornell’s Town Crier Acquired By Chainlink To Expand Decentralized Oracle Network
Today, on stage at Devcon, Sergey Nazarov of Chainlink, the blockchain company that provides inputs and outputs for smart contracts on any blockchain, announced that they will be acquiring Cornell’s Town Crier project. Chainlink will be primarily adopting the technology and further lead the development of the trusted hardware-based oracle system on the Chainlink network.
Town Crier is an interesting project that came out of Cornell University and IC3 to ensure data privacy and security for smart contracts. The project outlines a novel way to process transactions and use encryption to verify the processing without leaking any sensitive information in the process.
There is already a link to Chainlink as the research for Town Crier was co-authored by Ari Jules, who is a co-author of the Chainlink whitepaper. Now, this announcement is seen as an important step forward for the two projects as it is the start of a consolidation of smart contract oracle projects.
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