Today Chainlink Labs announced TP ICAP data subsidiary Parameta Solutions will provide forex data to public blockchains via the Chainlink decentralized oracle network. Oracles enable public blockchain smart contracts to access data that is external to the blockchain network.
We’ve asked whether the Parameta business model is for Chainlink Labs to pay for the data or smart contract developers, but we didn’t receive a response in time for publication.
“The innovation of blockchains and cryptocurrencies has catalysed a whole new breed of distributed systems that need access to reliable real-world information, and Chainlink is currently the leading oracle service provider for the on-chain ecosystem,” said Rhys Spencer, Head of APAC Sales of Parameta Solutions. “Parameta Solutions recognises this global requirement and is well positioned to be part of what could be a generational upgrade to market infrastructure and data solutions.”
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