Chainlink, the leading oracle service for crypto and market data, presented the results of a study in partnership with leading European financial companies. The study explored the topic of asset services using oracles, AI, and on-chain transactions.

Objective of Chainlink's Study

The study, conducted in collaboration with companies like Euroclear, Swift, UBS, and others, aims to standardize data transfer and improve collaboration among financial market participants.

Challenges in Traditional Corporate Processes

Traditional processes involve the transfer of unstructured data, leading to fragmentation and errors. Companies spend millions annually on fixing these errors and manually processing data.

Chainlink's Technological Solutions

Chainlink employs data and technologies like LLM to standardize and accelerate data exchange. This allows transforming corporate reports into machine-readable formats, enhancing the speed and reliability of data transmission.

Through new technologies, Chainlink aims to optimize corporate processes, making them faster and more reliable, thereby improving information exchange in the financial sector.