Chainlink (LINK) Partners Two Blockchain Startups; Decentralized Oracle Network Showcased at Amazon’s AWS Conference

audience listening to speech

The world’s leading decentralized oracle network, Chainlink (LINK), has encountered a full-on couple of days indeed. The budding project managed to win over two more startups in RTrade Technologies and Olympus Labs, with each announcing partnership agreements just hours apart. These dropped not before another noteworthy Chainlink-related titbit occurred, however, with extant partner Kaleido demonstrating to a packed crowd at a major Amazon-led conference how to leverage their blockchain-based solution by integrating it with Chainlink’s decentralized oracle network.

Partner #1 – RTrade Technologies

As the first of two partnership deals announced Thursday, RTrade – a Vancouver-headquartered startup creating solutions for emerging protocols and technologies such as blockchain, web3 and distributed storage – shared that Chainlink will “provide oracles for [a] high quality off-chain data storage solution, such as dedicated IPFS data feeds.”

Partner #2 – Olympus Labs

It was only a matter of hours later when Olympus Labs – self-described as “a blockchain fintech ecosystem that connects and empowers investment managers, investors, developers, and third-party application in the cryptocurrency market” – announced that they too had established a strategic partnership with Chainlink, or, more specifically, SmartContract – the San Francisco-headquartered parent company responsible for steering and developing the (initially) Ethereum-powered Chainlink project.

Extant Partner Introduces Chainlink at Amazon’s AWS Conference

Whilst it has, for several weeks, been public knowledge that Kaleido – a ConsenSys business launched in collaboration with AWS – would be integrating Chainlink’s decentralized oracle network into its full-stack, enterprise-friendly blockchain solution, Wednesday saw further details surrounding this collaboration emerge.

Unveiling its production-ready subscription plans for enterprise blockchain solutions in front of a packed audience at Amazon’s annual AWS re:Invent conference, Peter Broadhurst (Co-Founder & Head of Engineering) demonstrated how Kaleido users can intuitively make use of third-party services like that of Chainlink’s.

Below is the part where Broadhurst details how Kaleido customers can utilize Chainlink’s service, and why it is necessary for those wishing to expand the functionality of the smart contracts they choose to deploy on their private Kaleido chain.

At the time of writing, Chainlink’s LINK token has increased by 12 percent over the past 24 hours – the best performing cryptocurrency out of any ranked inside the top 50 (based on market capitalization).

Related posts