The missing link between blockchains and enterprises

Published on the 15th December 2020

While blockchains have seen a surge of development in recent years, it has been unclear what the adoption curve will look like for global enterprises that want to capitalize on this technology without rebuilding their existing systems from scratch. With the rapid advance of blockchain oracles—infrastructure that securely connects blockchains to external systems—enterprises and governments now have a universal gateway for interacting with the fast-growing blockchain ecosystem.

The World Economic Forum, in collaboration with Chainlink, the industry-leading oracle solution, recently published a white paper, “Bridging the Governance Gap: Interoperability for Blockchain and Legacy Systems.” The paper outlines a holistic industry standard for global enterprises to adopt blockchain oracles that reduce switching costs and meet the security requirements for enterprise use cases.