Chainlink’s CCIP interoperability protocol and Automation services have been officially launched on the Gnosis network, as announced by both parties on June 12th.
Gnosis users can now take advantage of Chainlink’s capabilities for cloud computing tasks, enabling them to offload heavy computational work to the Chainlink network and potentially reduce gas fees by up to 90%. Notably, the CCIP protocol from Chainlink will facilitate seamless communication, interaction, and value exchange across different blockchains for Gnosis users.
Philippe Schommers, Gnosis’ head of infrastructure, expressed excitement about integrating Chainlink’s CCIP protocol and Automation services into Gnosis. The CCIP protocol by Chainlink is quickly becoming the preferred choice in the industry for enabling cross-chain communication and interoperability. Major players in the financial sector, such as the Depository Trust and Clearing Corporation and the SWIFT messaging system, have recognized the transformative potential of Chainlink in revolutionizing the current financial landscape.
In a recent development, Chainlink collaborated with Rapid Addition to create a blockchain adaptor for institutions looking to engage with tokenized assets, particularly in sectors like renewable energy and carbon markets.
Furthermore, Chainlink partnered with Arta Techfin, an asset management firm based in Hong Kong, to tokenize illiquid real estate and collectibles. Additionally, in a move towards enhancing cross-chain messaging and interoperability, Chainlink integrated with the Ethereum layer-2 network Celo at the end of May.
The ongoing pilot program between Chainlink, the Depository Trust and Clearing Corporation, and major banking institutions like JP Morgan, BNY Mellon, U.S. Bank, and Edward Jones has solidified Chainlink’s position as a leader in the industry for interoperability and real-world asset tokenization.
As Chainlink continues to expand its reach and partnerships, its impact on the blockchain and financial sectors is becoming increasingly significant, establishing itself as a key player in the realm of interoperability and blockchain technology.