The former Google CEO Eric Schmidt is now advising Chainlink (LINK)

Oracle infrastructure provider Chainlink Labs has signed Eric Schmidt, the former Google CEO, as a strategic advisor.

The Chainlink Network secures oracle data feeds that are responsible for triggering and securing more than $80 billion worth of value locked, across several blockchains.

Chainlink co-founder Sergey Nazarov, said 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, and was at the helm for the company’s 2004 IPO at a valuation of $24 billion. Today the company’s ubiquitous Web2 apps like Gmail, Google Maps, Chrome, and YouTube helped generate a record $181 billion in revenue during 2020.

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