Chainlink Labs has recently welcomed former Google CEO Eric Schmidt into their team as their new strategic advisor.
Smart contracts built on top of the blockchains are unable to connect with real-world data and system. Chainlink aims to develop a solution for this issue by utilising oracle networks that pull and aggregate data from the real world, so that the smart contracts built on blockchains can be triggered.
The Chainlink Network is responsible for triggering and securing over $80 billion worth of value locked in smart contracts and applications built on many major blockchains.
“Blockchain networks and Chainlink oracles are at a crucial inflection point in terms of growth and adoption. Eric’s experience and insights around building global software platforms for next-generation innovation will be invaluable as we help developers and institutions usher in a new age of economic fairness and transparency,” said Sergey Nazarov, Co-founder of Chainlink.
The launch of blockchains and smart contracts has demonstrated tremendous potential for the building of new business models, but it has become clear that one of blockchain’s greatest advantages — a lack of connection to the world outside itself — is also its biggest challenge.
Chainlink is a secret ingredient to unlocking the potential of smart contract platforms and revolutionizing business and society. I am excited to be helping the Chainlink Labs team build a world powered by truth.
Eric Schmidt, Strategic advisor at Chainlink
Schmidt has been serving as the chief executive officer for Google from 2001 to 2011, contributing to the company’s growth from a Silicon Valley startup to a powerful tech company that we know today. Thanks to his leadership, Google has drastically upscaled its infrastructure, conducted a $23 billion IPO, launched popular products such as Gmail and Google Maps, and acquired other major technologies and services like Android and YouTube.
Additionally, Schmidt has also served on the boards of Apple, Alphabet, the Mayo Clinic, and more. Currently, Schmidt is the co-founder of Schmidt Futures and chairman of the Broad Institute of MIT and Harvard.
