KardiaChain will be using Chainlink to obtain sporting outcomes and statistics for eSports Incentive Platform
Blockchain platform KardiaChain is onboarding Chainlink as its recommended oracle solution. KardiaChain will start out using Chainlink to obtain sports data from LiveSports & other Vietnamese data providers to power its eSports prediction market.
According to the announcement on July 16, KardiaChain will be using Chainlink to obtain sporting outcomes and statistics for the eSports Incentive Platform. This data allows KardiaChain to reliably settle user-created prediction markets, such as determining who will get “first blood” in our ‘Arena of Valor — Lien Quan’ multiplayer game.
Additionally, KardiaChain will be actively exploring the use of Chainlink oracles for DeFi applications, real estate contracts, and various other enterprise and government focused projects.
Chainlink’s decentralized architecture also provides high availability and strong security guarantees that data will be delivered on time and maintain resistance to manipulation, allowing our users to trust the outcome of events, the KardiaChain’s blog said.
Huy Nguyen, CTO at KardiaChain, explained the importance of integrating Chainlink’s decentralized oracle network:
“Chainlink’s decentralized oracle network is the only oracle solution that provides us with the proven ability to get high quality data in a secure manner. We look forward to leveraging these unique functionalities to expand into multiple new product offerings that bring real value to everyday citizens. The ability to create real-world applications in eSport and DeFi via Chainlink brings us one step closer to our goal of becoming the leading blockchain in Vietnam and South East Asia.”
In addition to decentralization, developers can leverage Chainlink’s external adapter technology to retrieve data from any paid/credentialed API. This is key since most high quality data sources that a smart contract application needs to trigger large amounts of value are not free to access and therefore require the oracle to be able to manage credentials.
- DigiTix Integrates Chainlink VRF For Stable Ticket Pricing
- China’s National Blockchain Services Network (BSN) Integrates Chainlink Oracles