Chainlink Partners with Major Financial Institutions, Including Swift, to Improve Corporate Behavior Data Reporting Using AI and Blockchain

Data provider Chainlink (LINK), together with major financial market players including Euroclear, Swift and Franklin Templeton, announced on Monday the launch of an initiative to leverage artificial intelligence and blockchain technology to make corporate behavioral data more accessible and standardization. The project aims to address a long-standing challenge in the financial sector, which, according to Chainlink’s report, is the lack of standardized and real-time data on corporate actions such as mergers, dividends and stock splits, which are highly fragmented in markets such as Europe. Automating and standardizing this information can help significantly reduce operational inefficiencies that currently cost businesses millions of dollars each year due to errors and manual data processing, and investors often use this data. The first phase of the program focuses on corporate behavioral data for equities and fixed income securities in six European countries. Chainlink connects its decentralized oracles with large language models (LLMs) such as OpenAI’s ChatGPT, Google’s Gemini, and Anthropic’s Claude to extract corporate behavioral data from various sources and convert it into a technology called “gold.” "Golden Records" in a structured format that complies with global financial standards such as ISO 20022 and Securities Market Practice Group, and then uses Chainlink's Cross-Chain Interoperability Protocol (CCIP) to Publish and distribute data on the blockchain. (CoinDesk)