Chainlink Oracle For News-Based On-Chain Crypto Trading Strategy | Associated Press Data Feed On US Elections, Economic Growth & Sports

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Chainlink Oracle Node For News-Based On-Chain Crypto Trading Strategy | Associated Press Data Feed On US Elections, Economic Growth & Sports

Independent global news organization,The Associated Press has now made all its economic, sports, and race call datasets available to leading blockchains via Chainlink,world’s largest decentralized oracle network, that enables smart contracts on any blockchain to securely interact with the AP’s real-world data. AP’s move heralds a new age of financial speculation in the decentralized market.

AP Data Sold Directly To Applications

AP data will be supplied and sold directly to applications running across various blockchains via Chainlink node which securely connects blockchain environment with external data. The data will then be cryptographically signed to verify that it is from AP. 

AP U.S. race calls, economic data, sports game outcomes and business financials will be available. 

The data can be used to automate key processes that happen on-chain, including informing markets of election race calls, triggering an on-chain trade when a company’s quarterly financials are released, or augmenting the appearance of non-fungible tokens based on real-world events.

AP has established itself as one of the most trusted independent news organizations in the world for real-time news in all formats. Given its large and continually growing repository of facts and data, combined with Chainlink’s proven oracle infrastructure for providing reliable data feeds across leading blockchain networks, it makes sense for the AP to launch a Chainlink oracle node and support innovation within emerging smart contract industries.

William Herkelrath, managing director at Chainlink Labs

The availability of AP’s datasets via Chainlink comes as smart contracts — tamper-proof computer programs that trigger outcomes when certain conditions are met — are growing in popularity, especially in industries like decentralized finance (DeFi) and NFTs.

Chainlink technology is the ideal way to provide smart contract developers anywhere in the world with direct, on-demand access to AP’s trusted economic, sports, and race call data. Working with Chainlink allows this information to be compatible with any blockchain. The open-source software is reliable, secure, and widely used across leading blockchain networks.

Dwayne Desaulniers, AP director of blockchain and data licensing

This work with Chainlink is a continuation of AP’s industry-leading foray into blockchain-based markets. AP collaborated with Everipedia to publish U.S. race calls on the Ethereum blockchain in 2020. The news agency sold the first media NFT in early 2021 and continues to tokenize news for collectors. Most recently, AP broke new ground by delivering data to feed and inform digital generative artworks. 

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Chris Munch

Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.