The oracle protocol is partnering with financial infrastructure providers including Franklin Templeton and UBS.
Chainlink has piloted an on-chain database of corporate actions using artificial intelligence (AI) and decentralized oracle technology, according to an Oct. 21 announcement.
The pilot seeks to harness “the combined advancements in AI, oracles, and blockchain technology to address the lack of real-time and standardized data around corporate actions,” Chainlink said.
“We found that by using data oracles paired with multiple [large language AI models], we were able to source unverifiable, unstructured, and often unreachable off-chain data and convert it autonomously into digital data that is available in near real-time,” Chainlink said.