News
    Home   >        >     Main body
    Previous Post: Next:

    Former Google CEO is now a strategic advisor for Chainlink Labs

    Abstract:Chainlink said former Google executive chair and CEO Eric Schmidt would guide the firm’s scaling strategy in its use of oracle networks to trigger smart contracts.

      Turner Wright

    FORmer Google CEO is now a strategic advisor for CHAINlink LABS

      Having previously previously described Bitcoin as “a remarkable cryptographic achievement” and with an estimated net worth of roughly $23.6 billion, Schmidt will likely be ONE of the wealthiest individuals acting as a Chainlink advisor.

      125 Total views

      2 Total shares

      Listen to article

      0:00

      NEWs

      Eric Schmidt, the chief executive officer of Google until 2011 who later served as executive chair at the tech company and its parent firm Alphabet, has joined oracle solutions PROvider Chainlink Labs as a strategic advisor.

      According to a Tuesday announcement, Chainlink said Schmidt would guide the firm‘s scaling strategy in its use of oracle networks to trigger SMART contracts. Chainlink co-founder Sergey Nazarov cited Schmidt’s experience “building global software platforms for next-generation innovation” in the firms decision to bring the former Google exec on board.

      “The launch of BLOCKchains and smart contracts has demonstrated tremendous potential for the building of new business models, BUT it has become clear that one of blockchains greatest advantages — a lack of connection to the world outside itself — is also its biggest challenge,” said Schmidt.

      In addition to his TIME at Google and Alphabet, Schmidt was chair of the Department of Defenses Innovation board and chair of the National Security Commission on Artificial Intelligence, and served on the boards of Apple, Princeton University, Carnegie Mellon University, and the Mayo Clinic. With an estimated net worth of roughly $23.6 billion, Schmidt will likely be one of the wealthiest individuals acting as an advisor to a crypto firm.

      Related: Chainlinks total VALUE secured surpasses $75B as DEFI continues to surge

      Earlier this year, Chainlink announced its Cross-Chain Interoperability Protocol, or CCIP, capable of using the platforms oracles “to enable users to move digital assets and execute smart contracts across the various chains used throughout the metaverse.” According to the firm, it currently has more than $80 billion worth of value locked in smart contracts and applications built on blockchains.

    •   #Google

    •   #Business

    •   #Smart Contracts

    •   #Technology

    •   #Chainlink

    •   #DeFi

      Related News

    •   Crypto Crime on the Rise — Good Odds of 2020 Becoming a Record-Breaker

    •   How to choose a secure DeFi wallet, explained

    •   We are seeing ‘10x growth in terms of the number of nonprofits accepting crypto,’ says Alex Wilson of The Giving Block

    •   Smart crypto policy could KEEP India's tech dominance on TOP

    •   WHITE paper introducing Jack Dorsey's decentralized Bitcoin exchange published on Friday

    •   OKEx shared insights on trading, regulation, DeFi and more during recent Markets Pro AMA

      Editors Choice

    •   Russias largest BANK struggles to register its digital asset platform

    •   Bitwise CIO ‘not so SURE’ about Bitcoin hitting $100K in 2021

    •   Third-biggest Bitcoin WHALE‘s holdings total $6B after ’whopping 2.7K BTC BUY-in

    •   Nasdaq Stockholm lists Bitcoin and Ether exchange-traded notes

    •   Gibraltar's government plans to bridge the gap between public and private sectors with blockchain

      Cointelegraph YouTube Subscribe

      Advertise with us