I will consider the future potential of Chainlink, which I introduced last time.
This is one of the strengths of Chainlink.
- Collaboration with major companies
- Adoption of Smart Contracts
Collaboration with major companies
Chainlink has partnerships with major companies, and it can be said that the future of Chainlink is promising as long as those partnerships are in place.
Its partners include Google, Ampleforth, ARBOL, celsius, and AAVE. (Reference: ChainLink official website)
Adoption of Smart Contracts
The use of smart contracts makes it possible to program contracts and have them executed automatically. As a result, the speed of transactions can be accelerated, and by reducing the time required, fees can be lowered.
The official website of ChainLink describes smart contracts as follows
Smart contracts are inherently disconnected
Blockchains are highly secure and reliable networks for value exchange but lack the functionality to natively fetch external data or send data to off-chain systems in a manner that retains end-to-end tamper-resistance.Chainlink official website
Chainlink connects smart contracts to the real world
Through the use of secure oracles, Chainlink extends the functionality of blockchains by connecting smart contracts to real-world data, events, payments, and more in a highly tamper-resistant and reliable manner.Chainlink official website
Unlike other virtual currencies that are influenced by Bitcoin, Chainlink has the technology of smart contracts as well as the technology of its partner companies, and I think we can expect great things from it in the future.
I would like to keep an eye on Chainlink’s future developments.