ChainLink wants to solve the outside world connectivity problem in the form of a secure decentralised oracle network, developed by parent company SmartContract.
Smart contracts are applications that execute on decentralized infrastructure, such as a blockchain. They are tamperproof, in the sense that no party (even their creator) can alter their code or interfere with their execution. Unfortunately, because of their underlying consensus protocols, the blockchains on which smart contracts run cannot support native communication with external systems. This is a problem for the outside world as there is no solution for off-chain data to be fed into the blockchain securely.
Token Sale: 19 Sept | Funding Goal: $32m | Token Price: $0.11
Want to read the rest? Download the full report here