BNB Chain Partners With Chainlink for Verified U.S. Economic Data
BNB Chain has partnered with Chainlink to bring verified U.S. economic data directly onto the blockchain. This collaboration, announced on October 6, makes official statistics from the U.S. Commerce and Bureau of Economic Analysis (BEA) available across multiple blockchain ecosystems.
The integration, which follows Chainlink's launch of the service in late August, opens up a wide range of applications for developers. These include inflation-linked tokens, perpetual futures contracts benchmarked to GDP growth, and prediction markets that aggregate collective sentiment around government-reported data.
BNB Chain's adoption of Chainlink's Data Standard allows DeFi developers to build applications using official federal statistics, rather than relying on third-party estimates. This brings enhanced accuracy and reliability to decentralized applications (dApps). The real-time, government-backed data can power various use cases, such as inflation-linked tokens, GDP-based contracts, and risk models that mirror macroeconomic conditions.
BNB Chain's collaboration with Chainlink brings verified U.S. economic data onto the blockchain, expanding the design space for developers and enhancing the accuracy of DeFi applications. This integration, not exclusive to BNB Chain, is now available across ten initial blockchain ecosystems following Chainlink's launch in late August.
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