Chainlink has launched a pilot project utilizing artificial intelligence (AI) and decentralized oracle technology to create an on-chain database for corporate actions. This initiative, announced on October 21, aims to tackle the absence of real-time and standardized data in corporate actions such as mergers, dividends, and stock splits. By leveraging data oracles and collaborations with major financial entities like Franklin Templeton and UBS, Chainlink seeks to enhance data transparency and facilitate institutional asset tokenization. This partnership intends to address challenges related to data accessibility and security in the financial sector, ultimately promoting the adoption of tokenized assets across institutional markets. This pilot represents a significant step in integrating blockchain technology with traditional finance by improving the efficiency and accuracy of corporate data dissemination.

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