Place/Date: - July 30th, 2019 at 1:07 pm UTC · 2 min read
Contact: STP Network, Source: STP Network
Standard Tokenization Protocol (STP) will integrate Chainlink oracles into its infrastructure for globally compliant tokenized assets with its decentralized oracle solutions. Standard Tokenization Protocol aims to unlock liquidity for trillions of dollars in global assets and is rigorous in setting the highest standards in compliance, security, and reliability. Smart contracts by default are unable to access outside data and information. Chainlink is widely recognized as the leading blockchain oracle that connects off-chain data on-chain. Thus, integrating Chainlink oracles will enable smart contracts on the STP Network to seamlessly interact with and bring secure and reliable asset prices, contract details, and other data onto the blockchain to ensure provably fair offerings on its platform. Together, STP and Chainlink will bring innovations to global financial markets and in the blockchain industry.
Mike Chen, founder and CEO of STP Network, said:
“Chainlink will be an integral part of STP’s vision to build a globally compliant standard for the issuance and transfer of assets. STP’s network will always comply with the latest global regulations and Chainlink’s oracles will enable us to securely access regulatory information outside of the blockchain.”
Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to large enterprises (Google and SWIFT) and leading smart contract development teams.