Chainlink, a leading platform in the blockchain industry for connecting smart contracts to real-world data sources, has signed a partnership with an affiliate of South Korean internet giant Kakao, the company behind KakaoTalk, one of the most popular mobile messaging apps in Asia.
Kakao’s Klatyn is the company’s public blockchain project. The partnership will see the integration of Chainlink’s oracles with Klaytn’s smart contracts.
Chainlink has emerged as a provider of critical infrastructure to grow the cryptosphere and the digital economy. Sergey Nazarov, co-founder of Chainlink, says its technology will provide the Klaytn ecosystem with secure and reliable oracles for the next generation of decentralized applications.
According to its team of developers,
“Smart contracts need to interface with the data feeds, events, and widely accepted payment methods that centralized digital agreements rely on to provide value. By providing the building blocks needed by complex smart contracts in the form of critical inputs and key outputs, we seek to enable the next generation of smart contracts that will step beyond tokenization to become the dominant form of digital agreement.”
Says Sangmin Seo, Klaytn’s platform group lead,
“Chainlink can provide Klaytn with a secure oracle framework for building blockchain applications that interoperate with traditional infrastructure, increasing our capacity to develop more advanced products across a more diverse set of markets.”
Last week, Chainlink introduced verifiable randomness to Ethereum, with practical benefits for the blockchain gaming industry.
Chainlink’s tech will allow smart contracts to provide proof that applications are using a tamper-proof source of randomness beyond their control, making online games more trustworthy.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/spainter_vfx
