Chainlink has expanded its use cases to encompass capital markets and incorporates over 77 real-world examples in its latest update.

The usefulness of Chainlink as an oracle network is expanding beyond just Web3 applications. The developers of Chainlink are launching products aimed at enhancing decentralized interoperability. The decentralized oracle blockchain network is actively advancing its real-world applications. Recently, Chainlink has created a compilation detailing more than 77 different applications for its network. The range includes various sectors such as capital markets, NFTs, supply chain, insurance, gaming, utilities, enterprise systems, and others. Chainlink’s integration in capital markets is a notable point. A recent blog article states that Chainlink has broadened the functionality of blockchain technology, moving past just token transfers to include a variety of features. Chainlink currently supports financial institutions in their essential functions of issuing, settling, and managing assets. The decentralized blockchain network of Oracle significantly enhances the functionalities of smart contracts. Smart contracts provide a new foundational layer that enhances current systems by allowing for increased automation, transparency, and interoperability. They are a crucial component for contemporary financial products and services. They carry out tasks such as tokenizing conventional assets, facilitating cross-chain transactions, and optimizing fund management. Chainlink delivers the reliable framework essential for realizing these applications. The platform enables organizations to obtain superior data, link to various blockchains, and engage with applications that operate on-chain.