Cardano sealed a partnership with Chainlink
The news regarding the partnership between Cardano and Chainlink was announced at the Cardano Summit in 2021. Cardano has integrated Chainlink’s oracles to help developers build smart contracts in the decentralized finance (DeFi) industry. As a reminder, oracles are used to transport real-world data to smart contracts: they are therefore particularly crucial for certain projects.
This partnership is of course no accident. Cardano has just launched its smart contracts, after long years of development. So now is the perfect time to interact with Chainlink. Niki Ariyasinghe, Head of Blockchain Partnerships at Chainlink, welcomed this association and stressed the importance of interoperability:
Harrison said, “Chainlink provides oracle services to power hybrid smart contracts on any blockchain. Chainlink oracle networks enable smart contracts to reliably connect to any external API, leveraging secure off-chain computations for feature-rich applications.”
According to Chainlink Labs’ Head of Business Development for APAC-MENA, Niki Ariyasinghe, this partnership could allow hundreds of billions of dollars of locked-in value to flow through Cardano, especially through DeFi projects. This is also not the first time that Chainlink has signed a major partnership with a blockchain of this type. A month ago, it was Solana (SOL) who announced their intention to integrate their oracles.
Cardano seems, in any case, to have started to launch seriously, after long years of development enameled of delay. During the same summit, it was also learned that Cardano’s official commercial arm, Emurgo, was launching a $100 million initiative. It aims to promote education in decentralized finance, non-fungible tokens (NFT), and blockchain in general.
It remains to be seen to what extent Cardano will manage to find a place in the sometimes crowded landscape of smart contract protocols.
