Chainlink Partners with Major Financial Institutions, Including Swift, to Improve Corporate Behavior Data Reporting Using AI and Blockchain

Odaily News Data provider Chainlink (LINK) and major financial market participants such as Euroclear, Swift and Franklin Templeton announced on Monday the launch of an initiative to use artificial intelligence and blockchain technology to make corporate behavior data more accessible and standardized. The project aims to solve long-standing challenges in the financial sector. According to Chainlink's report, there is a lack of standardized and real-time data on corporate behaviors, such as mergers, dividends and stock splits, which are very fragmented in markets such as Europe. Automating and standardizing this information can help significantly reduce operational inefficiencies, which currently cost companies millions of dollars each year due to errors and manual data processing, and investors often use this data. The first phase of the program focuses on corporate behavior data for equity and fixed income securities in six European countries. Chainlink connects its decentralized oracle with large language models (LLMs) such as OpenAI's ChatGPT, Google's Gemini, and Anthropic's Claude, extracts corporate behavior data from various sources and converts it into a structured format called "Golden Records", which complies with global financial standards such as ISO 20022 and the Securities Market Practice Group, and then uses Chainlink's cross-chain interoperability protocol (CCIP) to publish and distribute data on different blockchains. (CoinDesk)