The new ChainLink data flows, announced Wednesday, August 28, aim to provide significant information in complete information involving American economic data on the chain, including a real gross domestic product (GDP), a personal consumer price index (PCE) and real final sales to private national buyers.
“The contribution of American government data on the chain unlocks innovative use cases for blockchain markets,” ChainLink said in a press release.
Among them, there are automated trading strategies, an increase in the composibility of token assets, the issuance of new types of digital assets and the risk management of decentralized financial protocol (DEFI) based on macroeconomic factors.
According to the press release, the data is updated monthly or quarterly, as the case may be, and takes place on ten blockchain ecosystems, starting with the following channels: Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Coat, Optimism, Sonic and Zksync.
Supporting other blockchain networks can be incorporated over time depending on user demand, said ChainLink.
The effort occurs at a time when the blockchain technology “puts a suit and a tie while it tries to court the Staid rooms of fortune companies 500”, as Pymnt wrote earlier this month. “While the innovative architecture of the sector for the movement of money matures beyond the media threshing cycles and speculative tokens towards B2B cross-border payments and the management of cash, a clearer and more operational question now faces the C-Suite company.”
But how can this new digital financial infrastructure work, and how can corporate financial managers use it for a better, faster and cheaper monetary movement?
For finance leaders and corporate treasurers, the answer is based on the layer structure of blockchain networks. These layers, known in technical terms under the name of 0 to 3 layers, represent different parts of the blockchain battery, communication protocols underlying interfaces that involve customers and business planning systems (ERP).
For example, Circle recently introduced Arc, a layer 1 blockchain designed for stablecoin payments of institutional quality, currencies (FX) and capital markets, while Novei announced that it used stable rails to extend its global monetary movement capacities.
The same week announced that Stripe developed a new blockchain in partnership with the venture capital company focused on the paradigm cryptocurrency.
“The importance of understanding taxonomy around these blockchains focused on companies and their technical layers becomes an imperative of conference room,” wrote Pymnts. “Just as traditional finance has evolved distinct systems but intertwined for messaging (FAST), Regulation (Ach,, Fed wire)) And compliance (fight against money laundering and know your customer), blockchain layers map similar functions, but with different speed, cost and composibility profiles. »»
