Blockchain data provider Chainlink has released a platform that will enable developers to connect data to smart contracts, the company said on Wednesday.
Chainlink Functions will allow any smart contract – blockchain protocols that execute the terms of a contract – to connect to any Web2 application programming interface (API).
"Until now, Web3 developers couldn’t connect their smart contracts to existing Web2 APIs to access social-media signals, AI (artificial-intelligence) computation, messaging services and more," the company said in a blog post.
“Chainlink technology is an ideal way to provide smart contract developers anywhere in the world with direct, on-demand access to AP’s (Associated Press) trusted economic, sports and election race call data," Michael Fabiano, head of Americas Media at the AP, told CoinDesk in a statement. "With the launch of Chainlink Functions, it will be easier than ever for AP-licensed developers to integrate AP data with innovative smart contracts and deploy new use cases across leading blockchain networks.”
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Chainlink has aimed to provide products to connect the world with blockchain technology. In September, the company announced a partnership with SWIFT, an interbank messaging system, to help SWIFT make token transfers and communicate across all blockchains.