Ari Juels, leading cryptography academic and former RSA Chief Scientist, has co-authored and released a technical whitepaper with the team behind SmartContract.com, a Blockchain middleware provider, used by technical leaders like SWIFT, and enabling smart contracts to securely connect with external data sources and off-chain payment methods.
The academically peer-reviewed paper offers new insights into how smart contracts can expand beyond being used as token sale mechanisms, and presents ChainLink, a new approach to securely connecting smart contracts with real world data, any/all APIs and traditional bank payments.
In a related announcement, ChainLink has added Facebook’s Director of Engineering Evan Cheng as an active Technical Advisor. Cheng previously created LLVM, which is relied on by all Apple iOS and Mac devices to run their secure lower level machine code, as well as playing a key role in how secure lower level machine code is run by some of the world’s leading technology companies, including Google, Intel, AMD, Nvidia, and many other technical leaders that depend on running secure tamper-proof systems.
Cheng received the prestigious ACM Software Systems Award, when LLVM became recognized as a global standard for generating secure low level machine code, enabling the daily use of everything from iPhones to Google search to Nvidia graphics cards.
SmartContract.com and ChainLink CEO Sergey Nazarov said:
“We’re lucky to be working with a technical visionary like Evan, his contribution to how low level machine code is able to securely run many of the services we all use today, makes him a valuable authority about how to make decentralized infrastructure that is also highly secure.”
The ChainLink whitepaper was thoroughly researched and peer-reviewed by distinguished computer science professors, cybersecurity experts, and Blockchain industry leaders. The research was led by Ari Juels, former Chief Scientist at RSA and currently a widely known professor of Computer Science at Cornell Tech’s Jacobs Institute, as well as a Co-Director of IC3, an initiative of faculty members at Cornell University, Cornell Tech, UC Berkeley, UIUC, and Technion.
Juels has made notable contributions to the field of cybersecurity and made world-changing contributions to distributed systems research through his well known work on Proof of Retrievability, which leading decentralized systems like Filecoin, Storj and others are heavily based upon. The whitepaper is now available for public review.
Sergey Nazarov said:
“We’re thrilled to be working with a truly gifted academic, technical visionary, and overall great person like Ari, his contribution to both the traditional cybersecurity industry, and the newly emerging Blockchain infrastructure are truly foundational.
“Building ChainLink upon industry-leading, security-focused research places its approach in the strongest possible position to succeed technically. We expect that peer-reviewed, modular, and open source approaches like the ones laid out in the ChainLink whitepaper will allow us to create the secure and necessary connections between smart contracts and key external resources like data feeds, APIs, and various payment systems.”
As a result of the extremely high demand for participation in the ChainLink token crowdsale, the ChainLink team has carefully created a fair pathway to ensure widespread access. The sale, which will commence September 19, 2017 at 15:00:00 UTC, will abide by a strict whitelisting process that allows for the inclusion of the larger Blockchain community, and those interested in supporting a fully decentralized Blockchain middleware.
LINK tokens will be used within the ChainLink Network, which lets smart contracts securely access the many off-chain resources necessary to become truly useful for financial, insurance, trade finance, and other mission-critical agreements. The LINK token will give developers the ability to pay each ChainLink Node Operator for the unique data, APIs, and off-chain payment capabilities they provide. This provides a way to securely, quickly, and verifiably connect smart contracts to external data sources, APIs, internal systems, and existing banking infrastructure, all of which they need to become functional for real world use cases.
Sergey Nazarov said:
“As ChainLink approaches its crowdsale launch, we would like to thank our supporters for the enormous interest in the LINK sale. The community’s tremendous demand to participate far exceeded our expectations, and we are confident that the LINK token sale will create a solid foundation for the ChainLink Network to become the preferred means of connecting smart contracts to critical data, APIs and traditional bank to bank payments.”
The ChainLink Network makes use of several other open source projects. In the interests of giving back and contributing to the community, ChainLink is being developed in an open source manner.
Sergey Nazarov said:
“ChainLink invites and encourages the community to fully review our body of work in both theoretical and technical terms. We are deeply grateful to the academic, cybersecurity, and Blockchain communities for all of the rigorous and thoughtful review they’ve already contributed. We’re looking forward to working closely with these communities to create both secure and truly decentralized Blockchain middleware for everyone’s immediate use.”
The ChainLink whitepaper is available at https://link.smartcontract.
- Graph Blockchain Implements IoT Sensors for the Agriculture and Cannabis Sector - April 23, 2019
- Blocknet Release Beta Version of Multi-Blockchain Router – XRouter - April 23, 2019
- Alt Thirty Six Raises $10 Million In Series A Funding For Cannabis Blockchain Payment Solution - April 23, 2019
- Nine Major Universities to Build Blockchain Solution for Digital Academic Credentials - April 23, 2019
- Blockmason to Launch Blockmason Credit Protocol Token (BCPT) on Binance Chain - April 23, 2019
- Vinny Lingham’s Blockchain Startup Civic Cuts New Deals with a Dozen Retail Partners - April 23, 2019
- 220 Partners at JPMorgan’s Blockchain Project – New Features - April 23, 2019
- SIM Card Swapper: 21-Year-Old Cryptocurrency Thief Gets 10 Years in US Prison - April 23, 2019
- Indian Central Bankers Excludes Cryptocurrency Projects from it’s New Startup Fintech Sandbox - April 19, 2019
- Enterprise Ethereum Alliance Plans to Launch New Token Taxonomy Initiative - April 19, 2019
- Social Blockchain Project BitGive Signs Deal with Uphold - April 19, 2019
- Crypto Wars Continue – Bitcoin’s Self Proclaimed Founder Craig Wright Threatens to Sue Ethereum’s Vitalik Buterin - April 19, 2019
- Gate.io Exchange Releases IEO Startup Platform and Launches First Project with CNNS - April 18, 2019
- Telegram Cuts Deal With Wirecard to Build Blockchain Shared Payment and Banking Solutions For TON - April 17, 2019
- Token-as-a-Service (TaaS) Shuts Down – Distributes Assets to Token Owners - April 17, 2019
- eToroX Launches 8 Stablecoins on New Cryptocurrency Exchange - April 17, 2019
- Powerhouse Production Company Endemol Shine International Partners with Blockchain Startup BitMovio - April 17, 2019
- Huobi Prime’s Second EO Launch – Two Billion NEW Tokens Sold in Six Seconds - April 17, 2019
- Panxora safeguards ICO assets with crypto treasury management service - April 17, 2019
- Turing Award Winner and MIT Cryptographer, Dr. Silvio Micali, Publicly Opens TestNet at VC-backed Algorand Blockchain - April 16, 2019