Chainlink and Bondly announced a historical technology integration today to power the New Digital Economy. This wide-reaching technical integration, and business alignment, will create a new standard for how data is processed in the New Digital Economy.
Bondly, a crypto-enabled e-commerce platform for digital assets, and Chainlink, the blockchain industry’s leading oracle solution, plan to work together to empower the burgeoning digital asset industry.
Chainlink and Bondly will be working together reciprocally, in which Bondly will utilize Chainlink as their premier data oracle, and Bondly as Chainlink’s premier data provider on “specific digital assets, i.e., social media” accounts.
Bondly’s new product solutions will incorporate Chainlink’s proprietary data network oracles into its stream of products and related ecosystem services. Bondly, best known for its market-leading DeFi products, will be working with Chainlink to normalize digital asset data standards across the industry, in addition to marketing leading products and services. Chainlink’s oracles will play a foundational role in Bondly’s forthcoming DeFi offerings, including:
- BondSwap, our DeFi enabled Over-the-Counter (OTC) product that allows easy peer-to-peer digital asset trades, will use Chainlink Price Feeds to access secure and reliable price data on assets held within our OTC pools. Accurate price data enables customers to make sound, fair-market decisions on OTC trades without ever leaving our app.
- BondProtect, Bondly’s e-commerce product for digital assets/NFTs, will use Chainlink oracles to retrieve M&A information, company valuations, and social media data, so users have pertinent information relevant to evaluating the worth of digital assets like a tokenized Instagram account. Such datasets may include influencer advertising revenue, online traffic, public domain registrations, gaming asset valuations on marketplaces, and more.
- Bondly will serve as a Data Provider to the new digital economy with smart contracts to connect to via the Chainlink Network to access aggregated datasets needed to price digital assets.
In addition to Bondly’s forthcoming DeFi offerings, Bondly will be working with Chainlink to create their own Oracle systems. These new Bondly Oracles will generate new ways to evaluate and track untapped digital assets and provide on-chain information to bridge the gap between crypto and the latent digital economy.
Brandon Smith, CEO of Bondly, stated, “This integration with Chainlink will allow for Bondly to have a global reach in 180 countries, and allow us to radically improve our services by using on-chain price reference data and various other external data sets to improve the information accessible to users of our products.”
“We look forward to empowering Bondly with secure and reliable oracles so they can tap into the growing digital economy, and we look forward to exploring Bondly’s proprietary data on unlisted digital assets. By working together, we can reliably price digital assets and sell aggregated data across any blockchain, ultimately helping them bridge the gap between the digital economy and DeFi,” states Daniel Kochis, Head of Chainlink Business Development.
Chainlink is the most widely used and secure way to power universal smart contracts. With Chainlink, developers can connect any blockchain with high quality data sources from other blockchains as well as real world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.
Bondly is an interoperable, transparent, and portable swap protocol designed to revolutionize traditional escrow methods and make everyone into their own digital marketplace. Our family of trust-enabling DeFi products are designed to be a part of everyday buying and selling activities, giving peace of mind for swap or online purchases. Our product BProtect is a DeFi enabled eCommerce gateway specializing in integrating into your favorite online marketplaces very simply and easily with no integration fees, just staking tokens.