ChainLink is the leading blockchain middleware provider, that allows smart contracts on various networks to connect with the critical resources they need to become useful for 90% of use cases.
ChainLink’s parent company, SmartContract, was founded in September 2014.
They began creating secure oracles for Bitcoin and Ethereum, coding smart contracts to securely connect with external data sources and off-chain payment methods, not just cryptocurrencies.
Partnering with payments giant SWIFT, they have created a fully decentralized Oracle Network, allowing smart contracts on various networks to make payments, send governance instructions, and release collateral with over 11,000 banks.
The LINK Network provides smart contracts with data, bank payments and access to APIs.
May 2017 – Selected as a “2017 Blockchain Applications Cool Vendor” by Gartner.
June 2017 – Completes a phase one proof-of-concept, where the interbank messaging platform SWIFT, is a paying customer of ChainLink.
CRYPTO TOKEN: LINK
LINK is an ERC20 token on the Ethereum Blockchain
SERGEY NAZAROV – Co-founder and CEO
Sergey Nazarov is a serial entrepreneur, veteran in the blockchain space. Prior to starting SmartContract, he was the founder of Secure Asset Exchange, an exchange network similar to ShapeShift, and CryptoMail, a decentralized email service. Sergey began his career building peer-to-peer marketplaces, going on to the investment team at FirstMark Capital. He joined the cryptocurrency revolution in 2011, and believes it has the ability to change the way societies distribute wealth, enforce contracts, and share critical information with their citizens.
STEVE ELLIS – Co-Founder and CTO
Steve was previously a Software Engineer and Team Lead at Pivotal Labs, where he worked on securing sensitive HIPAA compliant data and building scaleable payments automation software.
The ChainLink Network is a decentralised network of ChainLink Nodes, which are all selling usage of specific data feeds, APIs and various off-chain payment capabilities directly to a smart contract.
Any data, payments, e-signature, or other API provider, as well as individual developers, can easily join the network by connecting an API they’re familiar with. Once the API they’d like to offer to smart contracts is connected to a ChainLink, they become a ChainLink Node Operator, responsible for keeping that API connected to the ChainLink Network and being compensated in LINK for their successful fulfillment of on-chain requests.
Every Data Provider, Bank and API can now Sell its Core Services to a Smart Contract
Click to view the ChainLink whitepaper