PicksChainlink khám phá cơ hội mới với ông trùm tài chính
Although the paper is about the management and dissemination of corporate actions data in the financial industry, not payment. Still a move for Chainlink, and kinda reminds me the vision of Space and Time at their beginning.
Original Paper: https://pages.chain.link/hubfs/e/transforming-asset-servicing.pdf
In short:
Chainlink wants to:
● Establish a unified golden record for corporate actions data. This would involve:
○ Converting unstructured data into structured data. Chainlink's approach involves using large language models (LLMs) to autonomously extract and standardize data from sources like press releases and prospectuses, converting it into a predefined standard format modeled on the ISO 20022 framework.
○ Distributing this data across multiple blockchains. Chainlink's Cross-Chain Interoperability Protocol (CCIP) is used to publish the structured data on various private and public blockchain networks, ensuring data is synchronized and accessible to all participants.
● Enhance data accuracy and reliability. To address the issue of LLM hallucinations, Chainlink uses a consensus-based approach where multiple LLMs process the same data, with the results compared for consistency.
● Enable interoperability with existing financial systems. Chainlink wants to integrate its system with Swift's messaging protocol so that financial institutions can access the unified golden record via their current systems. This would improve efficiency and streamline corporate actions processing.
● Expand the scope of the initiative. Chainlink's vision is to apply the same approach to other sources of unstructured data in the financial industry, further increasing the benefits of AI and oracles in the sector.
Chainlink believes that the successful implementation of these goals will:
● Reduce costs and risks associated with corporate actions. The current fragmented data landscape leads to inefficiencies and potential errors, costing businesses millions annually. A unified golden record with accurate and readily available data would significantly improve operational efficiency.
● Foster industry-wide collaboration. The initiative demonstrates the potential for greater collaboration between public and private blockchain ecosystems, leading to enhanced data integrity and operational efficiency in capital markets.