ChainLink (LINK)

 

A blockchain network called ChainLink is developing a technology to make smart contracts easier to use for practical uses. The platform was introduced by Sergey Nazarov in 2017, and its use cases are mostly related to digital agreements.

ChainLink's architecture consists of two main parts: off-chain infrastructure, or real world data intended to be used with the smart contracts, and on-chain infrastructure, or smart contracts. ChainLink's decentralized oracle network unites all of the platforms by utilizing several nodes to distribute data to smart contracts and prevent single points of failure. 

Operators of ChainLink nodes can provide an API to smart contracts, and bigger businesses can sell their data to smart contracts. 

ChainLink already collaborates with a number of well-known businesses, such as Google and the Web3 Foundation. Tom Gonser, the creator of the well-known digital signature tool DocuSign, is an advisor to the project as well.

There isn't a roadmap for the project. Its Pivotal tracker and Github repository, however, provide an excellent look at development progress. Both include comprehensive details about the plans the development team has for the next few months. Multi-account wallets, service agreements, and standard network updates are among the current development tasks.