In an important Intergration for the advancement of blockchain technology, Chainlink, with its Oracle Network, will be leveraging Big Data Solutions from Constellation to bring scalable real-world and streaming data to the Blockchain.
This intergration will see Constellation, who recently signed a deal with the USAF to provide data and blockchain services, validate streaming data for the Chainlink ecosystem by becoming a Chainlink node operator.
Through Constellation’s “Blockchain for Big Data” approach, the company is able to assist in providing data infrastructure tools for developers to enable interoperability between legacy and cloud data systems.
Combined with Chainlink’s drive to facilitate enterprise adoption of smart contracts by creating a customizable API middleware solution that makes off-chain data and external networks available to Ethereum and other smart contract platforms, the intergration will allow users the ability to create reliable and secure end-to-end blockchain solutions.
Poor quality data costs businesses nearly $700B a year or 30% of an average company’s revenues. Groundbreaking technologies, like Constellation and Chainlink, are approaching the big data space with decentralized, secure, and novel solutions to big problems.” Says Benjamin Jorgensen, CEO, and Co-Founder of Constellation Network.
“The collaboration showcases two blockchain companies with the aim of setting new standards around data while driving real-world adoption of distributed ledger technology.”
“Given the need for quality, well-processed data when creating highly reliable smart contract solutions, Chainlink is excited to integrate with Constellation Network in order to provide smart contract developers across different ecosystems secure access to high-end data from their enterprise clients,” adds Daniel Kochis, Global Head of Business Development at Chainlink.
Chainlink has been making waves in the blockchain space in recent times. It’s partnership with Google, as well as with Oracle, points towards a company that is taking the next step in the evolution of the potential of blockchain technology.
More so, in their intergration with Constellation, the two companies are starting to push the boundaries of nascent technologies and what they can do together. Big Data has become a key pillar in a modernizing world, and its integration with Blockchain, and utilization of smart contracts, through the two innovative companies outlines a new frontier for the technologies.