Chainlink Combines AI, Oracles, and Blockchain to Address Corporate Data Fragmentation in Financial Markets
The combination of Blockchain technology and artificial intelligence (AI) has become a popular area of investment for startups and investors, with traditional financial institutions also exploring the potential of this technology. Chainlink, a widely adopted oracle network in the crypto industry, has released a report on an initiative that combines AI, oracles, and blockchain technology to address the lack of real-time and standardized data around corporate actions. This project aims to create a "unified golden record" of corporate actions that can be accessed in real-time by relevant parties, reducing the need for manual reviews and saving investors, brokers, and custodian businesses millions of dollars annually. While there are still challenges to overcome, such as the potential for inaccurate or fabricated information, this project has the potential to significantly reduce costly errors in the financial system.
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