Chainlink Got Awarded As Technology Pioneer By WEF: Report

Chainlink got awarded as the technology pioneer among hundreds of candidates at the World Economic Forum as we are reading more about it in the latest Chain link news crypto.

The World Economic Forum’s Technology Pioneers are early-stage companies from around the world that work in the development, design, and deployment of technologies and innovations and are poised to have major impact on businesses and society. Technology pioneers community is an integral part of the Global Investors community of the World Economic Forum. Chainlink got awarded and the co-founder Sergey Nazarov will participate in the WEF activities and events over the year. The platform will also contribute to the Forum initiatives over the next two years by working with the private sector and regulators to define the global agenda on key issues:

“We’re thrilled to be recognized as a Technology Pioneer by the World Economic Forum. Using smart contracts on the blockchain to bring enforceable guarantees to contractual obligations has widespread social and economic benefits. We’re proud to play a role in bringing accountability and automation to global and local economies, and we look forward to contributing to Forum dialogues on this challenge.”

This year’s selection marks the 20^th anniversary of the Tech Pioneers community. Most of the pioneers contributed their advancement in the industries while some have gone on to become major names. Past recipients include Google, Airbnb, Mozilla, Kickstarted, Spotify, Twitter, Palantir technologies, and TransferWise. The 2020 Tech Pioneer firms are shaping the future by advancing their technologies such as blockchain, AI, IoT, and many more.  The companies come from all across the world extending the community beyond Silicon Valley.

Technology Pioneers were selected based on the community criteria which include innovation, leadership, and impact as well as the relevance with the World Economic Forum Platforms. Chainlink is a decentralized oracle network that enables smart contracts to access the off-chain data feeds, traditional bank payments, and web APIs. It is popular for providing secure and reliable oracles to major enterprises such as SWIFT, Oracle, and Google.

The World Economic Forum committed to improving the world state with its International Organization for Public-Private Cooperation. The forum engages in the political and business industries to shape regional and global agendas. The Global innovators community is a group of the most promising companies that are at the forefront of technological innovation. The WEF provides the innovators with a chance to engage with public and private sector leaders and to create new solutions.