Oracle And Chainlink (LINK) Partner Up, Helping Startups Sell Data

A new partnership between Oracle and Chainlink (LINK) is featured in the coming altcoin news – with the main goal of helping startups to sell their data. The decentralized network Chainlink has proven that high-profile mainstream oncomers are not a problem for it, bringing more and more partners including the American computer tech powerhouse Oracle which is one of the biggest software companies in the world.

According to the senior manager with Oracle for Startups, Fernando Ribeiro – as well as the engineer within Oracle’s Innovation Labs division Pablo Freitas, the melt between Oracle and Chainlink was announced on June 25th at the CloudEXPO conference in Santa Clara, California.

The collaboration, as the latest cryptocurrency news show, entails Oracle’s blockchain experts working with the Chainlink team in order to help startups use the Chainlink decentralized technology and monetize APIs via smart contracts on the Oracle Blockchain Platform. This platform is the software giant’s “business-ready” distributed ledger solution.

Chainlink also shared the partnership on their Twitter account and featured the altcoin news on their website:

We’re thrilled to work with great companies like Oracle and their @oraclestartup team, which has graciously offered to support 50+ Chainlink nodes/teams that will be providing high-quality inputs and outputs into Oracle’s various blockchain environments @fribeiro1 #smartcontracts pic.twitter.com/MqFW6faS5d

— Chainlink – Official Channel (@chainlink) June 25, 2019

According to the release and Ribeiro’s explanation, the Oracle and Chainlink partnership will allow hundreds of clients to be reached through the initiative:

“We are going to co-develop Chainlinks with 50 qualified startups to prepare them to sell their data to Oracle’s 430,000 customers in 175 countries on the Oracle Blockchain Platform. The startups are going to be announced in Oracle Code One in September.”

The full explanation and presentation of the partnership can be seen on this YouTube link – and is also re-shared by many best cryptocurrency news sites.

Ribeiro also added that the Oracle startups program would have an open door policy towards prospects. The early participants would be given free cloud credits, significant platform discounts as well as unlimited support access to help the Chainlink integrations.

“So any startup that is watching me right now […] can join the program. There’s no selection — any startup can join — any startup from country in any industry, it doesn’t matter if it’s B2C or B2B,” the release notes.

Both Oracle and Chainlink will benefit from the partnership. While Oracle is ramping up its blockchain activities, Chainlink is hunting for more high-end clients and Oracle is definitely one of the best they could get.