Former Google CEO Eric Schmidt has joined Chainlink Labs as a strategic advisor, the blockchain project announced Tuesday.
- Chainlink develops oracle networks to connect real-world data with smart contracts built on blockchains.
- Using node operators such as Deutsche Telekomâ€™s T-Systems, Swisscom and the Associated Press, Chainlinkâ€™s network triggers and secures more than $80 billion in value locked in smart contracts across multiple blockchains in industries such as DeFi, insurance and gaming.
- â€œBlockchain networks and Chainlink oracles are at a crucial inflection point in terms of growth and adoption,â€ said Chainlink co-founder Sergey Nazarov in a statement. â€œEricâ€™s experience and insights around building global software platforms for next-generation innovation will be invaluable as we help developers and institutions usher in a new age of economic fairness and transparency.â€
- Schmidt served as Googleâ€™s CEO from 2001 to 2011, during which time the company grew significantly, went public, launched services such as Gmail, Google Maps and Chrome, and acquired YouTube and Android.
- â€œThe launch of blockchains and smart contracts has demonstrated tremendous potential for the building of new business models, but it has become clear that one of blockchainâ€™s greatest advantages â€” a lack of connection to the world outside itself â€” is also its biggest challenge,â€ Schmidt said. â€œI am excited to be helping the Chainlink Labs team build a world powered by truth.â€
Read more: Value Secured by Chainlink Data Soars 10-Fold in Less Than a Year