Cardano recently announced a strategic partnership with decentralized blockchain oracle network Chainlink. The third-generation blockchain is preparing to build smart contracts for decentralized finance (Defi) applications.
During the Cardano Summit 2021, Input Output Hong Kong (IOHK), the development company behind Cardano, has revealed that the blockchain would be partnering with Chainlink to integrate its oracles to support developers.
The Ethereum killer has recently become compatible with smart contracts for the first time following the Alonzo hard fork, which took place on September 12.
The integration of Chainlink oracles on the Cardano blockchain would allow developers to supply institutional-grade data into their smart contracts. The oracles would support market price feeds and eventually support other Chainlink decentralized services as well.
Cardano also announced that it has entered into a deal with Dish Network to provide digital identity services to the customers of the TV and wireless service provider. Speaking at the summit, IOHK founder Charles Hoskinson stated that the partnership would boost the adoption of Cardano while benefitting Dish’s users.
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