ChainLink (LINK)

ChainLink (LINK) widget

ICO date: TBA
Product Type: Technology
Industry: Blockchain Infrastructure
Description:

ChainLink is blockchain middleware that allows smart contracts to access key off-chain resources like data feeds, various web APIs, and traditional bank account payments.

Features:

ChainLink connects smart contracts to any / all external systems and APIs.

ChainLink Smart contract securities require data feeds on market prices and market reference data, for example, interest rates. They usually also have to pay for existing bank accounts for many of their users, which can only be done through ChainLink, which connects to the existing banking system.

A ChainLink smart insurance contract requires data on IoT to be related to the insurance event in question, for example, whether the magnetic warehouse door was blocked during the violation, whether the company's firewall was on the Internet, whether the user had an insurer arrive on time, etc. Insurance products also usually want to be paid in formats that users already want to receive, for example, USD, into the bank account of end users.

Commercial financing transactions usually require GPS data on shipments, data from ERP-systems of the supply chain and customs data on the goods being shipped; All this data must be added to the ChainLink smart contract. Many trade finance transactions are still settled in the currency exchange rate they can pay for using ChainLink.

ChainLink's LINK network is a decentralized oracle network that allows anyone to provide smart contracts with access to key external data, over-the-counter payments and any other API capabilities. Anyone who has a data feed, a useful off-network service such as local payments or any other API, can now provide them directly for smart contracts in exchange for LINK tokens.

ChainLink supports Ethereum, Bitcoin and Hyperledger. Since the project is a decentralized network, users can be rewarded for decentralization, trust and the immutability of using ChainLink oracle.

Website: clfaq.smartcontract.com

Rating Review and Analytics

Investment rating
NA
Hype score
Low 1.8 / 5.0
Risk score
NA

Post-ICO

We are holding a vote to perform an Post-ICO Rating on one project chosen by our readers. If you're a current tokenholder, you can take part in the vote after completing a KYC procedure and we will deliver this results directly to the project team with 100% guarantee. We will motivate the startup to release a Post-ICO Rating audit to inform their investors about the results of their work after their ICO.

Post-ICO Rating


1
Upvote 0

Other projects

Startup name Start-end ICO Hype Score Risk Score Rating Industry
Trust-X (TRX) 16.01.2018 - 16.02.2019
Blockchain Infrastructure
Cartographeum (CARTO) 01.03.2018 - 01.09.2018
Blockchain Infrastructure
IT
PIX Coin (PIXC) 12.04.2018 - 23.07.2018
Blockchain Infrastructure
AssetBase (PDT) 30.04.2018 - 01.01.2019
Commerce & Retail
Blockchain Infrastructure

See also