Associated Press Taps Chainlink for Elections, Sports Data

As well as providing race call data on the 2021 U.S. state elections, AP will begin adding macroeconomic and sports feeds to the blockchain.

AccessTimeIconOct 21, 2021 at 2:00 p.m. UTC
Updated May 11, 2023 at 4:06 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The Associated Press (AP), the 175-year-old news agency, will provide economic, sports and elections data to Chainlink, a system that provides information feeds to blockchains and triggers digital contracts to carry out transactions.

The partnership, announced Thursday, is another example of an iconic, mainstream brand embracing blockchain technology, while also showing Chainlink’s plans to expand the reach of decentralized finance (DeFi) into new areas.

  • What South Korea's Latest Election Means for Crypto Adoption in the Country
    00:38
    What South Korea's Latest Election Means for Crypto Adoption in the Country
  • Hong Kong Approving an Ether ETF Could Be a 'Surprise,' Analyst Says
    00:52
    Hong Kong Approving an Ether ETF Could Be a 'Surprise,' Analyst Says
  • What South Korea's Elections Mean for Crypto; The Potential for Spot BTC and ETH ETFs in Hong Kong
    19:02
    What South Korea's Elections Mean for Crypto; The Potential for Spot BTC and ETH ETFs in Hong Kong
  • Would You Get Paid in Crypto?
    00:57
    Would You Get Paid in Crypto?
  • “Our view is that the blockchain is an entirely new economy,” Dwayne Desaulniers, AP’s director of blockchain and data licensing, told CoinDesk in an interview. “And as a new economy, it just needs a lot of inputs, a lot of trust and a lot of collaboration. What we see now is adoption just going berserk, and blockchain being adopted in half the time that the internet took to get to like a billion users.”

    The AP’s choice to provide data to various blockchains through Chainlink signifies both a shift in how data sources value smart contracts and a significant increase in what smart contracts are now able to achieve using AP data, said Chainlink co-founder Sergey Nazarov.

    “As we’ve seen with the rise of DeFi, the rate at which Chainlink oracles can bring new data onto blockchains is the rate at which blockchain developers can build interesting new applications for users,” Nazarov said in an email. “With AP providing their signed data about elections, sports and various key world events, DeFi markets across the blockchain ecosystem can now be made about a wide array of previously inaccessible topics.”

    AP goes DeFi

    AP previously teamed up with Chainlink for the U.S. elections last November, when the news agency published a “race call” on the results to the Ethereum blockchain. On top of that, AP has been an enthusiastic champion of the exploding non-fungible token (NFT) realm, having sold the first media NFT in early 2021.

    As well as adding race call data on the 2021 U.S. gubernatorial and state legislative elections to its newly launched Chainlink oracle node, AP will begin providing a new range of economic and sports-related information. The macro economic and sports datasets will hopefully start being added this year in the weeks following the elections, said Desaulniers.

    “We will be bringing on-chain things like the GDP [gross domestic product] number, the unemployment rate, the CPI [consumer price index] number and other bits of trusted data from AP that we will publish to our node so developers will be able to access that,” Desaulniers said. “Sports is another area; not just scores, but also fast-breaking player reports, transactions, injuries.”

    AP, which operates as a not-for-profit collective owned by its member newspapers and broadcasters, has evolved through the disruption of online publishing by diversifying its revenue streams. On-chain data is yet another green pasture to be discovered, Desaulniers said.

    “Absolutely, we’re looking to monetize the data that we put on-chain,” he said. “But you know, how much and what’s the value? It’s very early, and these are things still to be discovered. And that’s fine with us.”

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Ian Allison

    Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about