Working as a renowned blockchain firm based in Vietnam, KardiaChain has announced its collaboration with the market-leading oracle platform, Chainlink, to aid the developers’ community working on the network. The integration between the two leading firms will facilitate DApp developers to enjoy access to real-world data and robust infrastructure in a secured, transparent, and trustworthy operational network.
Blockchain platform @KardiaChain is onboarding #Chainlink as its recommended oracle solution. KardiaChain will start out using Chainlink to obtain sports data from LiveSports & other Vietnamese data providers to power its eSports prediction market. https://t.co/JZN65tdGYp
— Chainlink (@chainlink) July 16, 2020
According to the official blog post, KardiaChain will employ Chainlink tools to acquire sporting results, facts, and figures for its native eSports Incentive Platform. The data access will help the team to manage its user-designed prediction marketspaces. Chainlink will aid KardiaChain to revolutionize a wide range of functional domains, including DeFi applications, real estate contracts, enterprise, and government-fueled project offerings.
KardiaChain On-boards @chainlink As Its Recommended Oracle Solution.https://t.co/V7Dmdz0X3l
— KardiaChain (@KardiaChain) July 16, 2020
Chainlink tools work as a bridge that connects blockchain-powered smart contracts with off-chain data and information. To know more about latest news on Chainlink, you can check our cryptocurrency news page for more details & partnerships of Chainlink. KardiaChain will allow its developers to use the Chainlink network to reinforce multiple nodes for acquiring the same data. All this will be channelized with a view that the data is delivered on-chain is reliable, highly available, and free from tampering. The developers can culminate data from several APIs via Chainlink into a single data block, which is accurate and immutable in all forms. Apart from decentralization benefits, DApp developers can acquire data from any paid/credentialed API through Chainlink’s external adapter expert feature. Oracles help smart contract applications access reliable data sources by managing credentials as the process involves a whopping amount of investment.
KardiaChain will enjoy access to Chainlink’s decentralization and external adapters for leveraging oracle portals to provide the native eSports solution with sports-related data via LiveScore and other Vietnam-based data providing firms. The team aspires to curate efficient DeFi products on its blockchain by using the expertise of Chainlink’s Price Reference Data feature after the successful integration. This will facilitate access to asset prices, exchange rates, interest rates, and other crucial market information. The new partnership will help in releasing multiple customized DeFi products priced in Vietnamese Dong for the first time in the country.
In the near future, KardiaChain will put to use more of Chainlink’s diversified and advanced services for real estate, government, and business modules.
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