Former Google CEO Eric Schmidt has joined Chainlink Labs as a strategic advisor, the blockchain project announced Tuesday.
- Chainlink develops oracle networks to connect real-world data with smart contracts built on blockchains.
- Using node operators such as Deutsche Telekom’s T-Systems, Swisscom and the Associated Press, Chainlink’s network triggers and secures more than $80 billion in value locked in smart contracts across multiple blockchains in industries such as DeFi, insurance and gaming.
- “Blockchain networks and Chainlink oracles are at a crucial inflection point in terms of growth and adoption,” said Chainlink co-founder Sergey Nazarov in a statement. “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.”
- Schmidt served as Google’s CEO from 2001 to 2011, during which time the company grew significantly, went public, launched services such as Gmail, Google Maps and Chrome, and acquired YouTube and Android.
- “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,” Schmidt said. “I am excited to be helping the Chainlink Labs team build a world powered by truth.”
Read more: Value Secured by Chainlink Data Soars 10-Fold in Less Than a Year