Chainlink (LINK) Decentralized Data Sourcing Network's First Five Oracles Go Live

Coming from the official twitter page of the decentralized data sourcing blockchain technology, Chainlink, is a news that its first five official working oracles, which tracks the status of flight, shipping data and price of Cryptocurrency are now live online.

After five months of initially deployment of Chainlink’s network to testnet, the project has been announced to be completely functional on Ethereum Ropsten and Rinkeby test networks.

While Ropsten is a proof-of-work blockchain that is similar to Ethereum, Rinkeby is a proof-of-authority blockchain, and both are environment where project are launched before complete release on Ethereum blockchain so that developers can test the project before real assets are involved.

The progress is coming only a year after the ICO of the project. Before now, Chainlink, in its striding moves in the crypto space has been able to partner the likes of Society for Worldwide Interbank Financial Telecommunication (SWIFT), and Cornell University’s IC3 blockchain program. SWIFT is currently regarded as the financial institution which owns the largest banking network around the world.

The world widely known problem of oracle network has been solved by Chainlink. The blockchain technology provide an avenue for trust less verification of data. With this decentralized platforms like Ethereum need to worry less, because Chainlink provides countless of sources for the verification of data to ensure accuracy and data integrity.

Beyond Ethereum, Chainlink intends spread its network across to the likes of Bitcoin and HyperLedger.

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