Demex Daily #266: Chainlink Launches AI-Driven On-Chain Database for Corporate Actions

What’s Interesting Today:

Chainlink is piloting an on-chain database of corporate actions using AI and decentralized oracle technology, collaborating with financial firms like Franklin Templeton and UBS. This initiative aims to provide real-time, standardized data on corporate actions such as mergers and dividends, addressing inefficiencies that cost the financial industry approximately $3 million to $5 million annually. By combining data oracles with AI models, Chainlink converts unstructured off-chain data into usable digital formats, reducing manual processes and enhancing operational efficiency. The pilot includes partnerships with blockchain networks like Avalanche and ZKsync, and follows recent collaborations to improve data transparency and facilitate institutional tokenization.

Trade CHAINLINK LINK-PERP on Demex!

Ledger Live has partnered with THORChain to enable native cross-chain swaps within its app, allowing users to easily exchange assets across different blockchains, such as swapping Bitcoin for Ether. This integration marks Ledger's first use of a decentralized finance protocol for native swaps, enhancing its users' trading experience. To access the feature, users can visit the “discover” page in the Ledger Live app. This partnership follows THORChain's recent integrations with various projects, indicating a growing trend towards enhancing decentralized finance capabilities.

Trade THORCHAIN RUNE-PERP on Demex!