Chainlink launches cross-chain protocol bridging blockchain to TradFi

The Chainlink Cross-Chain Interoperability Protocol (CCIP) now officially resilient on Avalanche, Ethereum, Optimism, and Polygon mainnets, creating a revolutionary bridge between the “on-chain and off-chain worlds” as passionate Chainlink supporters who’ve joined forces in LinkTheWorld campaign indicates.

Pointed outChainlink Labs’ Chief Product Officer Kemal El Moujahid, the protocol is advantageous as it allows enterprises direct access to transferring data and assets between variating blockchain environmentsts, utilizing the same messaging infrastructure as united 11,000 banks around the globe to facilitate international payment systems used by the Financial Crime Enforcement Network.

Adding insight to interested stakeholders, Chainlink co-founder and CEO Sergey Nazarov explained that, much like the erstwhile early network which transformed into a globally utilized ARPANET, it is the savvy of Chainlink to akinCCIP to essentially merge a multitude of fragmented systems that increasing drive the market growth of digital financial products, especially key decentralized finance (DeFi) tools.

“We are making CCIP to connect the fragmented public blockchain landscape and the growing bank chain ecosystem into a single Internet of Contracts,” conveyed the top-notch executive.

Coupled to both the launch of CCIP and Chainlink’s vital transitionshowcased financial fraction including BNY Mellon, BNP Paribas, Citi, Australia and New ZealandBanking Group, Clearstream, Euroclear, and partly Lloyds Banking Group, LINK thus associated to the pedestal, up til now locking a 9.7 percent surge to $ 7.37 at the time.

Robert Wilson author
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