Associated Press, also known as AP, has announced that it will provide data to Chainlinks decentralized oracle network.
AP Will Provide Election and Sports Data
AP will provide Chainlink with datasets related to U.S. election calls, economics, sports outcomes, and business financials.
In order to do so, AP will run its own Chainlink node, which will allow it to securely provide data to the network. Through cryptographic signatures, users who buy access to that data will be able to verify that the data is authentically from AP.
Chainlink suggested that this data is mainly useful for investors who want to automate their trading activity, executing their trades as soon as news is released to the public.
Dwayne Desaulniers, AP‘s director of blockchain and data licensing, called Chainlink “the ideal way to provide smart contract developers” with on-demand access to its data. “Chainlink allows this information to be compatible with any blockchain,” he concluded, drawing attention to the platform’s interoperability features.
The news was announced via a press release today.
One of Chainlinks Most Notable Providers
AP is a major news organization and was founded in 1846, making it one of Chainlinks most notable providers to date. Chainlink also works with dozens of other companies, including Binance and CoinGecko, with more on its ecosystem page.
This is not APs first entry into the blockchain world. In October 2020, AP worked with the EOS-based Wikipedia competitor Everipedia to publish the results of the 2020 U.S. presidential election on-chain.
AP also launched a collection of NFTs on Binance this week, following on from an earlier NFT sale in March.
Other news and media companies have also entered the crypto world. Most notably, TIME Magazine invested in cryptocurrency and launched its own series of NFTs earlier this year.
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