The Associated Press has announced it will be launching a Chainlink (LINK/USD) node to ensure that its datasets are available to top blockchains. Chainlink is the largest decentralized network of oracles in the world, which will now enable smart contracts on any blockchain to interact with the company’s real-world data.
By partnering with a Chainlink node, the company’s data will be distributed and sold directly to the applications that are found on different blockchains. The data will include cryptography signage to authenticate that it comes from Associated Press.
Data to Automate Key Processes
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The company announced that the data which will be available on the Chainlink node includes US race calls, economic data, sports game outcomes and business financials.
The data can also be used to automate key processes on the platform that runs on-chain such as publishing information on election results, launching on-chain trades when the quarterly finances are released or explaining the nature of non-fungible tokens based on real-world events.
Speaking on this partnership, the managing director of Chainlink Labs, William Herkelrath, stated that,
AP has established itself as one of the most trusted independent news organizations in the world for real-time news in all formats. Given its large and continually growing repository of facts and data, combined with Chainlink’s proven oracle infrastructure for providing reliable data feeds across leading blockchain networks, it makes sense for the AP to launch a Chainlink oracle node and support innovation within emerging smart contract industries.
Associated Press further states that its datasets, which will now be available via Chainlink will come in the form of smart contracts to trigger outcomes when several conditions are met. Smart contracts are highly growing in popularity, hence this new initiative will enable Associated Press to be at par with industries such as decentralized finance (DeFi) and non-fungible tokens (NFTs).
Chainlink is a technology that offers the ideal way for people to offer smart contract developers globally with direct access to direct, on-demand access to the trusted economic, sports and race call data.
Dwayne Desaulniers, the director of blockchain and data licensing Associated Press, stated that,
Working with Chainlink allows this information to be compatible with any blockchain. The open-source software is reliable, secure, and widely used across leading blockchain networks.
Associated Press and Blockchain
This is not the first time that Associated Press has ventured into the blockchain. In 2020, the firm partnered with Everipedia to publish US race calls on the Ethereum (ETH/USD) blockchain. Earlier this year, the news agency also sold its first media NFT. It is still actively engaged in this to ensure collectors have access to tokenized news.
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