In an in-depth research report by Jake Pahor, a Web3 researcher and analyst, Chainlink (LINK) is compared to Google in the cryptocurrency space. 

This analysis sheds light on how Chainlink is “revolutionizing” the industry, driving institutional adoption, and shaping the decentralized future. Let’s delve into the key findings of Pahor’s report to understand why Chainlink is being likened to the tech giant Google.

Discovering Chainlink’s Impact On The Industry 

Chainlink operates as a decentralized oracle network that connects smart contracts to real-world data. Its “highly adopted infrastructure” is widely utilized for various purposes, including price feeds, data feeds, proof of reserves, smart contract automation, and verifiable on-chain randomness (VRF).

According to Pahor’s analysis, the platform’s “versatility” has led to widespread utilization across multiple industries. It has found applications in financial services, decentralized finance (DeFi), gaming, non-fungible token (NFT) collectibles, climate markets, enterprise solutions, and insurance sectors. 

Furthermore, Pahor believes that the launch of the Chainlink Community Improvement Proposal (CCIP) has been a “game-changer” for the platform. 

CCIP enables seamless transfer of data and value between existing systems and both public and private blockchains. Its adoption continues to surge with notable entities such as base chain, ANZ/SWIFT, Vodafone, DTCC, and Affine Pass NFTs.

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Author: Ronaldo Marquez

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