TL;DR
- Hedera has integrated Chainlink standards, strengthening its capabilities in DeFi and tokenized assets through secure and scalable tools like Data Feeds and Proof of Reserve.
- Chainlink Data Feeds provide precise and decentralized data, improving reliability and reducing the risk of disruptions in applications.
- Proof of Reserve increases transparency by enabling real-time reserve verification, unlocking new risk management solutions in DeFi.
Hedera has integrated Chainlink standards, allowing it to strengthen its capabilities in the decentralized finance (DeFi) sector and real-world tokenized assets (RWAs).
This collaboration enables developers to access essential tools for creating secure and scalable applications. With the adoption of Chainlink Data Feeds and Proof of Reserve, Hedera’s public network has become a benchmark in delivering reliable and transparent data, key elements for innovation in the blockchain industry.
Chainlink Data Feeds offer precise, tamper-resistant data obtained from multiple high-quality aggregators. This ensures that market prices reflect a global and balanced perspective, free of bias or interference.
Furthermore, Chainlink’s decentralized node network, supported by independent operators reviewed for security, provides a high level of trust. This robust infrastructure not only enhances the reliability of the data but also reduces the risk of interruptions or failures, even under high demand conditions.
Hedera Will Build Applications with the Highest Standards
On the other hand, Chainlink Proof of Reserve improves transparency within the Hedera network by enabling real-time verification of tokenized asset collateralization. This tool facilitates the development of automated applications that incorporate reserve data into their operational logic, offering new possibilities for risk management and security within the DeFi ecosystem. The decentralization of reserve information transmission helps eliminate single points of failure, reinforcing the reliability of validation processes.
The integration is the result of a joint effort between Hedera and The HBAR Foundation, which recently joined the Chainlink Scale program to provide optimized access to Chainlink’s decentralized oracle services.
Elaine Song, Vice President of Strategy at The HBAR Foundation, emphasized that this advancement will allow developers to work with highly reliable data backed by decentralized infrastructure, enabling the creation of applications that meet the highest standards of security and scalability