Ex-Google CEO Schmidt Joins Chainlink Labs as Strategic Adviser

Former Google CEO Eric Schmidt has joined Chainlink Labs as a strategic adviser, the blockchain project announced Tuesday.

Chainlink develops “oracle” networks to connect real-world data with smart contracts built on blockchains.
Chainlink sends information and data from such sources as Deutsche Telekom and the Associated Press onto blockchains that helps trigger and secure more than $80 billion in value locked in smart contracts across many blockchains.
“Blockchain networks and Chainlink oracles are at a crucial inflection point in terms of growth and adoption,” Chainlink co-founder Sergey Nazarov said in a statement. “Eric’s experience and insights around building global software platforms for next-generation innovation will be invaluable as we help developers and institutions usher in a new age of economic fairness and transparency.”
Schmidt served as Google’s CEO from 2001 to 2011, when the company went public, launched services such as Gmail, Google Maps and Chrome, and acquired YouTube and Android.
“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 blockchain’s greatest advantages – a lack of connection to the world outside itself – is also its biggest challenge,” Schmidt said. “I am excited to be helping the Chainlink Labs team build a world powered by truth.”

DISCLOSURE

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

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Michelle Bloom

Michelle Bloom is CoinDesk's Senior Social Media Editor. She doesn't hold any crypto (yet).

Follow @@mjolanbloom on Twitter

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.