Chainlink has introduced an innovation that connects traditional financial systems and blockchain through a new environment.
New Environment for Finance
Chainlink has unveiled the Chainlink Runtime Environment, a framework designed to integrate traditional financial systems with blockchain and smart contracts. This initiative incorporates technologies from COBOL and JRE to simplify the connection between traditional and decentralized financial ecosystems.
Chainlink Partnerships
As part of its efforts to integrate traditional financial institutions into the blockchain space, Chainlink announced its collaboration with the SWIFT protocol during the 2024 seminar. This initiative allows institutions to use the familiar messaging system to interact with blockchain networks. Additionally, privacy solutions have been implemented to protect sensitive data.
Tokenization and AI Integration
In November 2024, Chainlink concluded a pilot project with SWIFT and UBS to test tokenized settlements. Chainlink is also exploring the use of artificial intelligence with oracles to create secure records of corporate actions.
With the introduction of the Chainlink Runtime Environment, the company strengthens its position as a bridge between traditional and decentralized financial systems, offering innovations for integration and privacy.
