Chainlink Runtime Environment Comes to Chainlink
Chainlink has introduced the Chainlink Runtime Environment (CRE), a new platform enabling institutions to deploy smart contracts across multiple blockchains. It incorporates compliance and data integration tools, facilitating the integration of legacy financial messaging standards. Already in use by prominent institutions like JPMorgan and UBS, CRE aims to streamline the development process for institutional smart contracts, significantly reducing the time from months or years to potentially just weeks or days. With the anticipated addition of privacy features, including confidential computing for data security, CRE is positioned as a key infrastructure in the ongoing shift towards tokenization in finance. The platform supports various integrations, tapping into Chainlink's services like price feeds and proof-of-reserve systems, thereby enhancing usability and compliance within the evolving blockchain landscape.
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