Chainlink is the largest provider of decentralized oracles in the crypto industry. The technology is particularly in demand in the field of decentralized finance. Oracles are also used by large companies that are not related to the blockchain. LINK is a native Chainlink token. It is used mainly to pay for the work of node operators, on the basis of which oracles work.

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Chainlink

In a new results report, Swift, #Chainlink, and more than a dozen of the largest financial institutions and market infrastructure providers successfully demonstrated a secure and scalable way to transfer tokenized assets cross-chain using CCIP.

Key results:
• Connected existing Swift infrastructure to multiple blockchains via CCIP
• Facilitated tokenized asset transfers between public and private blockchains
• Executed multiple token transfers across three use cases for on-chain assets

From the report: “The collaboration between Swift, Chainlink, and the financial community represents significant progress towards enabling interoperability between traditional financial systems and emerging blockchain networks … By leveraging existing Swift infrastructure and Chainlink CCIP, the collaboration demonstrated the ability to transfer tokenised value efficiently and securely across public and private blockchains, using standardised messaging formats and proven business processes.”

Explore the full report for more results and insights: https://t.co/zDkde7MWWQ

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After having worked with Swift for many years on how traditional finance can integrate with blockchain technology, our latest collaboration with them and over ten of the largest financial institutions and market infrastructures shows that institutional appetite for on-chain…