Cardano is scaling up its decentralized finance (DeFi) smart contract development with a new partnership with Chainlink who will be providing the upgraded crypto asset with its oracle integration services for developers on the ecosystem.
This was announced by the parent company, InputOutput (IOHK), of the blockchain project at the Cardano Summit 2021.
According to available information on the partnership, smart contract developers building on Cardano would have access to Chainlink Oracle to build their Defi smart contracts now.
The head of blockchain partnerships at Chainlink Labs, Niki Ariyasinghe, stated that the new partnership by both crypto firms would allow Cardano to use Chainlink to transfer tamper-proof data from off-chain sources to on-chain smart contracts.
