Zilliqa announced a partnership with Chainlink for connecting smart contracts to the real world.
Zilliqa is a high-performance public blockchain platform, while Chainlink is a decentralised oracle network that connects smart contracts to real-world data.
With this partnership, Zilliqa’s smart contracts will be able to easily retrieve and query external data feeds, allowing real-time access to data such as exchange rates, market prices, voting results, weather forecasts and other data sets.
The collaboration will thus further enrich the Zilliqa ecosystem, allowing the creation of smart contracts using data from the physical world for the creation of new use cases such as decentralised exchanges, trading platforms and other decentralised financial applications.
Zilliqa’s smart contracts will be able to use a customised Chainlink adapter that provides developers and users with reliable and accessible data feeds.
In addition, Chainlink’s decentralised oracles will allow independent node operators to reliably transmit data feeds to a smart contract, which can also be used by all network developers.
In this way, being composed of several independent operators, the resulting system does not have a single point-of-failure, thus resulting in more decentralisation compared to a single server.
Zilliqa’s President and Chief Scientific Officer, Amrit Kumar, said:
“With a collective vision to empower developers with technologically-sound infrastructures and resources, we believe that this collaboration with Chainlink will enable us to deliver an exciting value proposition to our developer community and our end users. As we continue to explore more solutions in the realm of decentralised finance, access to secure and reliable price feeds will be integral to the growing diversity of the Zilliqa ecosystem. We look forward to seeing exciting new applications on our network such as decentralised exchanges, trading platforms, and many other crypto-integrated financial services”.
Dan Kochis, Global Head of Business Development at Chainlink, added:
“Our recent mainnet launch showcased our capabilities in equipping Ethereum smart contracts with the ability to query market prices. After months of collaboration with the Zilliqa team, we are excited to expand our off-chain data query capabilities to yet another innovative trailblazer in the global blockchain ecosystem. Data driven by design, the integration of our services with a platform that champions greater standards in not only scalability and decentralisation, but also security, will help to catalyse a new generation of decentralised finance applications built for enterprise use”.