Ultrain will officially integrate with the Chainlink oracle network to overcome the “oracle problem” — the inability for blockchains to natively interact with data and systems outside their network (off-chain) in a reliably secure manner. By allowing blockchains to connect with off-chain resources (Web data, IoT, payment systems, etc) commercial applications with real world impact become much easier for developers to build.
Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to large enterprises (Google, Oracle and SWIFT) and leading smart contract development teams. Learn more by visiting the Chainlink website, Twitter or Telegram. If you’re a developer, visit the developer documentation or join the technical discussion on Discord.
The mission of Ultrain is to use blockchain technology to promote new business models and support novel waysof interconnecting people all over the world using improved social, entertainment and commerce platforms. With strong R&D capabilities and a plethora of business resources, Ultrain is steadily building a vibrant application ecosystem day by day.
“Ultrain aims to become the global leader in public blockchain 3.0 for commercial use and create a truly diversified application ecosystem. Integrating great developer tools is a mustin order to achieve such a mission. “ Ray Guo, Ultrain’s cofounder and CEO commented, “We are honored to work with Chainlink in order to best support our current developers, attract new, more talented developers and entrepreneurs wanting to build great applications, and create truly sustainable value for the blockchain industry. Ultrain is a top globally experienced team and has great competitive advantages worldwide, however we are rooted in China and share deep resources in Asia. We believe that working together with Chainlink is a win-win move for both teams given our complementary ecosystem of resources and vast developer networks. “
As part of this integration, Chainlink will provide Ultrain with a better smart contract data solution based on its superior technology and powerful network effects. This enables smart contracts to securely and reliably connect with various resources outside the Ultrain network and allows our network better access to the outside world in a manner that scales globally. Integrating the two technolgies ultimately creates foundational infrastructure for blockchain application developers, accelerates commercial applications, and opens up new use cases that can be applied today in the real economy.
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