- GoChain has teamed up with Chainlink to integrate latter’s Oracle solutions
- GoChain looks to develop an enterprise-grade dynamic smart contract platform
- At press time, GO trades at $0.02 with a market cap of almost $18 million
In a press release issued June 11, 2019, blockchain startup GoChain announced that it had partnered with Oracle service provider Chainlink to bring real-world dynamic data onto the GoChain blockchain.
Oracle to GoChain
The global blockchain market looks to be heating up with an increasing number of fintech startups coming into the fray offering robust cutting-edge products geared toward enterprise adoption. Among this crowd, GoChain is attempting to carve a niche for itself by developing an all-in-one distributed ledger technology (DLT) smart contract platform.
As part of its vision to build an exhaustive smart contract platform for corporates, GoChain has inked a business partnership with Chainlink. The fintech startup provides reliable tamper-proof inputs and outputs for complex smart contracts – also known as Oracles. Chainlink’s clientele includes international payments giant SWIFT, research firm Gartner, and other well-established startups and enterprises from across the world.
Travis Reeder, GoChain CTO & Co-founder said:
“Oracles provide the missing link in smart contracts which is getting outside data to affect what happens on chain. Without being able to use outside data, smart contracts are very limited in what they can do. Chainlink’s oracle network enables this in the best way possible by also being an unstoppable decentralized network.”
GoChain’s blockchain solutions have already been deployed by multi-billion dollar companies like Microsoft and DISH Network, and the firm hopes to tap on the budding smart contract market by working closely with Chainlink, the press release notes.
Recent Strides by GoChain
GoChain was one of the few blockchain projects that were able to effectively tackle the bear trodden crypto market that dominated the majority of 2018.
Blockchain Reporter informed its audience on March 7, 2019, how GoChain had partnered with IriSafe, a Singapore-based DLT venture that was looking to develop a blockchain-powered identity management solution.
On a more recent note, on April 20, 2019, it came to light that GoChain had secured a couple of high-profile partnerships with Microsoft and DISH Network.
