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Associated Press (AP) To Utilize Chainlink Smart Contracts To Put Its Journalistic Information On Blockchain

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The Associated Press (AP) has historically been known as one of the most reliable sources of news data. This week, the AP has announced that they are launching a Chainlink node to make a variety of different datasets available to leading blockchains.

The AP has continued to be aggressive in utilizing blockchain technology to provide data in the quickest and most reliable way possible.

The move is designed to help developers writing blockchain-based applications implement AP’s data and information through AP’s Chainlink node, which connects the off-blockchain sources to blockchain-based smart contracts. Such information could include financial data, sports data, or election race calls integrated into blockchain-based apps.

“Because AP is such an important source for fact-based and trusted information around the world, we see this as an opportunity to provide blockchain users with data and info they can trust. We believe that blockchain networks are a fundamentally important technology because they not only allow but demand veracity,” wrote Dwayne Desaulniers, AP’s director of blockchain and data licensing, in a statement.

As the AP notes in their press release, this isn’t their first endeavor into crypto and blockchain technology. The company partnered with blockchain-based encyclopedia Everipedia last year to publish U.S. political race calls last year during a fiery election season.

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Mark Brennan
Mark Brennan
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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