- Chainlink (LINK) has announced the integration of an AI-based universal search tool to assist developers in locating specific items in documents, blog posts, etc.
- Research shows that Chainlink has, over the years, explored how to combine AI and blockchain to achieve results.
Chainlink’s continuous effort to allow developers to create advanced applications much more quickly has reached a strategic point where Artificial Intelligence (AI) features are being introduced. According to our recent discovery, an AI-powered tool called Chainlink Universal Search is the latest addition to its existing features.
Fascinatingly, this initiative comes after a reward program was launched to airdrop SXT to incentivize Link stakers, as outlined in our recent blog post.
The Details of Chainlink’s Update
Chainlink’s latest Integration is meant to enable developers to engage in instant search across all content on the platform for effective delivery. With this feature, users would be able to search for specific items in docs, networks, blogs, feeds, learns, etc.
Meanwhile, this is not the only AI-supported initiative pushed by Chainlink. Recently, it announced the piloting of an on-chain database of corporate actions via decentralized oracle technology and AI. In a report detailing this move, Chainlink explained that this is meant to address the lack of real-time and standardized data across corporate actions.
We found that by using data oracles paired with multiple [large language AI models], we were able to source unverifiable, unstructured, and often unreachable off-chain data and convert it autonomously into digital data that is available in near real-time.
Previous Efforts to Explore AI
Last year, Chainlink announced a partnership with financial giants, including Franklin Templeton, Swift, and Euroclear, to launch an AI initiative.
According to our research, the idea was to combine a decentralized oracle and AI large language models (LLMs) to seamlessly identify and gather important corporate actions. Meanwhile, Chainlink is also rubbing shoulders with some of these institutions to turn tokenization into reality, as noted in our earlier post.
Commenting on this, Chainlink co-founder Sergey Nazarov disclosed that this initiative will significantly improve efficiency for individuals and institutional actors.
The combination of AI and oracles is a powerful tool for taking corporate actions data and turning it into highly reliable structured data. Turning various pieces of… data into…a definitive, single source of truth is truly a huge step forward in how financial markets deal with critical and error-prone data.
Prior to that collaboration, Chainlink had published a report to explain how their blockchain could connect well with AI. In that report, the network was reported to have securely enabled more than $9.3 trillion in transaction value. Also, it has delivered over 11.5 billion data points. With this, Nazarov hinted that there could be a reciprocal relationship between blockchains and AI. Above all, he believes that “how these two technologies could combine to work together” should be the most important question in the Web3 ecosystem.
Apart from its AI-based universal search integration, Chainlink has joined hands with JPMorgan’s Kinexys and Ondo Finance to complete its first cross-chain tokenized treasury, as highlighted in our previous article. Additionally, it has managed to dominate the Real World Asset (RWA) sector by outpacing Avalanche (AVAX) and Hedera (HBAR) in social mentions, as also mentioned in our previous news brief.
