Chainlink Partners With Major Financial Players to Improve Corporate Actions Data Reporting Using AI and Blockchain
Chainlink (LINK) launched an initiative to enhance the accessibility and standardization of corporate actions data using artificial intelligence and blockchain technology. The project addresses the fragmented nature of corporate actions data, such as mergers and dividends, particularly in European markets. Automating this data aims to reduce operational inefficiencies that cost businesses millions annually due to errors and manual processing. The initiative's first phase targets equity and fixed-income securities data across six European countries, utilizing Chainlink's decentralized oracles and large language models to create structured "Golden Records" compliant with global financial standards. Future phases will explore integration with existing financial systems like Swift messaging. Key participants include Euroclear, Swift, and Franklin Templeton, with contributions from blockchain partners like Avalanche and Hyperledger Besu.
