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Home»Crypto»Chainlink and how the blockchain uses AI
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Chainlink and how the blockchain uses AI

November 4, 2024No Comments2 Mins Read
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At the Hong Kong Fintech Week, we had the opportunity to sit down with Sergey Nazarov, the Co-founder of Chainlink, for an insightful conversation about blockchain and AI.

  • Exploring Chainlink’s new tools
  • The close collaboration between Chainlink and Swift
  • The future of DeFi with Chainlink
  • The intersection of blockchain and AI

Exploring Chainlink’s new tools

Recently, Chainlink introduced the Blockchain Privacy Manager, a tool designed to enhance transaction privacy. In addition, they unveiled the CCIP (Chainlink Crosschain Interoperability Protocol) for secure cross-chain transactions, bridging the gap between public blockchains and private DLT used by banks.

Interview with Sergey Nazarov, co-founder of Chainlink, at the Hong Kong Fintech Week. Credit: The Cryptonomist

The close collaboration between Chainlink and Swift

Chainlink’s partnership with Swift has reached a significant milestone, with traditional payment systems integrating blockchain technology for real-world testing by financial institutions. This collaboration aims to bridge the gap between SWIFT messages and blockchain.

The future of DeFi with Chainlink

Chainlink envisions an ‘Internet of contracts’ to facilitate the convergence of DeFi and traditional finance, utilizing innovative tools like Deco for on-chain data privacy through zero knowledge proof.

The intersection of blockchain and AI

Chainlink leverages artificial intelligence models to validate transactions on the blockchain, ensuring consensus and data integrity. This collaboration with industry leaders like UBS and Swift addresses the challenges of unstructured data in blockchain operations.

Blockchain Chainlink
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