Chainlink’s CCIP and Automation Launch on Gnosis
2 min read
Chainlink’s CCIP and Automation Launch on Gnosis
The Gnosis network has announced the implementation of Chainlink’s CCIP interoperability protocol and Automation services, effective June 12. This new integration means that Gnosis users can now utilize Chainlink for cloud computing functions, offloading substantial computing tasks onto the Chainlink network. By doing so, it is expected that gas fees could be reduced by as much as 90%.
A significant advantage of this development is the ability for Gnosis users to communicate, interact, and exchange value across different blockchains thanks to Chainlink’s CCIP protocol. According to Philippe Schommers, the head of infrastructure at Gnosis, these new tools will significantly empower developers on the Gnosis network. Schommers specifically pointed out that the cross-chain connectivity and verifiable computations enabled by Chainlink will help developers create robust applications designed to solve real-world challenges. He believes this infrastructure will play a critical role in scaling the Web3 ecosystem toward widespread adoption.
Chainlink’s CCIP protocol is increasingly becoming the standard solution for cross-chain communication and interoperability within the industry. This growing reputation is bolstered by the recognition from not only blockchain firms but also established institutions such as the Depository Trust and Clearing Corporation and the SWIFT messaging service. The potential of Chainlink to overhaul the current financial system is garnering considerable attention.
In May, Chainlink formed a strategic partnership with Rapid Addition to develop a specialized blockchain adaptor. This adaptor aims to facilitate interactions with tokenized assets, particularly within the renewable energy sector and carbon markets. The partnership aims to harness the capabilities of Chainlink’s CCIP protocol and real-world price feeds to create a standardized method for banks to engage with tokenized assets on various blockchains.
The same month, Chainlink entered into a collaboration with Arta Techfin, a Hong Kong-based asset management firm. This partnership is focused on the tokenization of illiquid assets such as real estate and collectibles, further expanding the practical applications of blockchain technology.
Toward the end of May, another significant announcement came from the Ethereum layer-2 network Celo, which integrated Chainlink to provide its users with cross-chain messaging and interoperability solutions. This move is expected to enhance the capabilities and user experience on the Celo network.
A pilot program involving the Depository Trust and Clearing Corporation along with banking giants like JP Morgan, BNY Mellon, U.S. Bank, and Edward Jones also highlighted Chainlink’s technology. This initiative has further underscored Chainlink’s leadership in the fields of interoperability and real-world asset tokenization.
These developments illustrate Chainlink’s increasing influence and its growing role in the evolution of blockchain technology. With a variety of strategic partnerships and implementations across different sectors, Chainlink is poised to make a considerable impact on the financial ecosystem and drive forward the adoption of Web3 technologies.
Chainlink’s continuous evolution is phenomenal. Interoperability and reduced gas fees? Sign me up! 🚀💡
Stoked about the potential for decentralized finance applications with this new integration! 📈💹
Gnosis and Chainlink are setting new standards for the blockchain industry. Bravo! 🌟🏆
Every time theres a ‘game-changing’ announcement, I just brace myself for the inevitable letdown.
Absolutely thrilled about the cross-chain messaging solutions coming to Celo. More power to users! 🗣️🌐
Seriously? More hype about Chainlink? I’m so tired of these overblown promises.
New integrations always come with bugs and issues. Not looking forward to the rollout mess.
This announcement marks a significant milestone in the journey towards widespread Web3 adoption. Exciting times ahead!
I can’t wait to see the kind of applications developers will create with these new tools!
Incredible to see Chainlink spearheading innovations in blockchain interoperability. The future is bright!
Bringing cloud computing functions to the blockchain? Incredible! Can’t wait to see the impacts.
Another day, another ‘breakthrough’ collaboration. I’m not buying the hype anymore.
This integration is going to make life so much easier for developers. Real world solutions, here we come! 🌍👩💻
This reduction in gas fees is a blessing for users. Kudos to Gnosis and Chainlink for paving the way!
Finally, a solution to the high gas fees! This is huge progress for Gnosis and the entire blockchain community.
Chainlink again? How many times do we have to hear about their ‘groundbreaking’ technology?
More cross-chain communication, more ways for things to go wrong. Can’t wait for the first major hack.
Really excited for the cross-chain connectivity! This is what interoperability should look like.
Why are we supposed to trust Chainlink with all this? Sounds like too much power in one place.
Interoperability might sound cool, but its just going to make things more complicated for developers.
This is just the beginning. The impact of these integrations is going to be monumental!
Cross-chain communications are the future, and Gnosis is leading the way with Chainlink! 🎉🌐
Absolutely thrilled about this! The reduction in gas fees alone is a massive win for everyone.
Tokenization of illiquid assets sounds like a dream come true! Real estate and collectibles, welcome to the future.
Ill believe the ‘90% gas fee reduction’ when I see it. Just another selling point that probably won’t pan out.
Collaborations like this are exactly what we need to drive Web3 adoption. Kudos to Gnosis and Chainlink!
Gnosis users may save on gas fees, but I bet there will be hidden costs somewhere else. It’s always the case.
Innovations like this demonstrate why blockchain is the future. Can’t wait to see what’s next!
Chainlinks track record with major institutions doesnt necessarily mean success for everyone else.