AllianceBlock Collaborates With Chainlink To Power Global Decentralised Capital Markets

Joint effort introduces Chainlink oracles to traditional finance entities to unlock and process new data feeds, creating a decentralized data terminal for users.

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Netherlands — 11 November 2020 — In a bid to fulfil its mission of building the first globally compliant decentralized capital market, AllianceBlock, has signed a Memorandum of Understanding (MOU) to collaborate with Chainlink, the most widely used and secure decentralized oracle network.

As part of the collaboration, AllianceBlock will integrate Chainlink oracles into the AllianceBlock protocol, a decentralised, blockchain-agnostic layer-2 solution, designed to automate the conversion of any digital or crypto asset into a bankable product. Drawing data from sources around the globe, Chainlink oracles will provide AllianceBlock with access to high quality feeds, thereby creating a decentralized data terminal for stakeholders.

In addition to integrating Chainlink into the AllianceBlock protocol, AllianceBlock will connect Chainlink with top-tier traditional finance entities and exchanges to deliver new and valuable data feeds for Chainlink’s oracle network. Finally, AllianceBlock will provide Chainlink with access to its Federated AI Framework, enabling it to gather anonymised user data and insights.

Via its development of the AllianceBlock protocol, AllianceBlock is building the world’s first globally compliant decentralized capital market to bridge traditional finance and DeFi. By delivering infrastructure that enables legacy institutions to benefit from the increased efficiencies and lower costs offered by blockchain and cryptocurrencies, AllianceBlock will redefine how markets operate and unlock innovative new structured products as the traditional finance sector expands into the digital asset market.

Rachid Ajaja, Founder and CEO of AllianceBlock said, “AllianceBlock aims to bridge the gap between traditional and decentralized finance. By permitting the sharing of data across multiple interconnected blockchains, as well as in off-chain markets, our collaboration with Chainlink is an essential next step in establishing a decentralized capital market that is capable of interacting with traditional financial institutions.

Building a trustworthy, decentralized capital market requires high quality data feeds that ensure accurate pricing and settling of derivative products that allow quants and algorithmic traders to build data-driven trading algorithms,” said Daniel Kochis, Head of Business Development at Chainlink. “AllianceBlock has introduced a highly compelling new offering to a $100 trillion market and Chainlink is excited to integrate into its protocol to further its mission while also unlocking new revenue opportunities for data providers that want to access the growing DeFi ecosystem.

About Chainlink

Chainlink is the most widely used and secure way to power universal smart contracts. With Chainlink, developers can connect any blockchain with high quality data sources from other blockchains as well as real world data. Managed by a global, decentralized community of hundreds of thousands people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.

Chainlink is trusted to deliver definitive truth by hundreds of organizations to provide continuous, reliable data feeds. To learn more, visit chain.link and follow @chainlink on Twitter.

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About AllianceBlock

AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralised, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.

Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.

Visit our Website: www.allianceblock.io

Join our Telegram: https://t.me/allianceblock

Join our Discord: https://discord.gg/hF7AGgt

CoinGecko: https://www.coingecko.com/coins/allianceblock

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Bridging Traditional Finance and Decentralized Finance

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