Chainlink’s CCIP interoperability protocol and Automation services have been officially launched on the Gnosis network, as announced by both parties on June 12th.
Users of Gnosis can now take advantage of Chainlink for various cloud computing functions and delegate heavy computational tasks to the Chainlink network, resulting in a significant reduction of gas fees by up to 90%. Additionally, the CCIP protocol by Chainlink enables Gnosis users to seamlessly send messages, engage in interactions, and exchange value across different blockchains.
Philippe Schommers, the head of infrastructure at Gnosis, shared his excitement regarding the integration of Chainlink’s CCIP protocol and Automation services on the Gnosis platform. He emphasized how Chainlink’s CCIP protocol is quickly becoming the preferred choice for cross-chain communication and interoperability within the industry. Noteworthy blockchain companies, institutions like the Depository Trust and Clearing Corporation, and even established systems like the SWIFT messaging system have acknowledged the transformative capabilities of Chainlink in revolutionizing the current financial landscape.
In a recent development, Chainlink partnered with Rapid Addition in May to develop a blockchain adapter catering to institutions interested in engaging with tokenized assets, particularly in sectors such as renewable energy and carbon markets.
Illustrated in a simplified manner, Chainlink’s CCIP protocol acts as a bridge facilitating communication between a sender and a receiver. This collaboration aims to harness the potential of Chainlink’s CCIP protocol and real-time price feeds to offer banks a standardized method of interacting with tokenized assets across various blockchains.
Moreover, Chainlink sealed a deal with Arta Techfin, an asset management firm based in Hong Kong, to tokenize illiquid assets like real estate and collectibles. Additionally, the Ethereum layer-2 network Celo announced an integration with Chainlink at the end of May to introduce cross-chain messaging and interoperability to its network users.
Lastly, Chainlink’s notable pilot program with the Depository Trust and Clearing Corporation along with major banking institutions such as JP Morgan, BNY Mellon, U.S. Bank, and Edward Jones has solidified its position as a frontrunner in the industry concerning interoperability and the tokenization of real-world assets.