GoChain Blockchain Integrates Decentralized Oracle Services From Chainlink (LINK)
GoChain blockchain network has partnered with Chainlink to integrate its Oracle database onto their network. The integration would help the GoChain network to bring in real-time data onto the network. It would also help them create smart contracts that would offer secure access to data feeds.
— Chainlink – Official Channel (@chainlink) June 11, 2019
Chainlink is also a decentralized system of data networks which provides tamper-proof input as well as output for complex smart contracts which is also called the Oracle. Chainlink has carved a niche of their own in handling data as well as smart contracts which have made them a preferred choice for the banking sector. The services of chainlink are being accessed by banking giants like SWIFT, top research firms like Gartner as well as many other upcoming and established businesses.
Travis Reeder, GoChain CTO & Co-founder said,
“Oracles provide the missing link in smart contracts which is getting outside data to affect what happens on chain. Without being able to use outside data, smart contracts are very limited in what they can do. Chainlink’s oracle network enables this in the best way possible by also being an unstoppable decentralized network.”
The partnership between the GoChain and Chainlink will lead to larger enterprise adoption of the technology and it would help GoChain network to integrate off-chain data with the GoChain network. Looking at the progress made GoChain in terms of data security and now the recent partnership with Chainlink to bring in Oracle on the platform, companies like DISH Network and Microsoft have already announced their plans to make enterprise level blockchain solution by leveraging GoChain technology.