Vodafone, Sumitomo team up with Chainlink to explore trade documents network By Cointelegraph
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Vodafone (NASDAQ:) Digital Asset Broker (DAB) has joined the Chainlink network as a node operator after completing a proof-of-concept with Japanese trading and investment company Sumitomo for exchanging trade documents across platforms. The companies hope to improve document transfer and processing of financial transactions in the $32-trillion global trade ecosystem, Vodafone said.
The proof-of-concept used oracle network Chainlink’s Cross-Chain Interoperability Protocol (CCIP). DAB “provide[d] security and interoperability across IoT devices at the edge of a network.” The proof-of-concept showed the potential of Vodafone Internet of Things devices and blockchains to provide data for use in contracts and AI applications. Potentially, a single interface could be created to transfer data and tokens, the company said:
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Vodafone (NASDAQ:) Digital Asset Broker (DAB) has joined the Chainlink network as a node operator after completing a proof-of-concept with Japanese trading and investment company Sumitomo for exchanging trade documents across platforms. The companies hope to improve document transfer and processing of financial transactions in the $32-trillion global trade ecosystem, Vodafone said.
The proof-of-concept used oracle network Chainlink’s Cross-Chain Interoperability Protocol (CCIP). DAB “provide[d] security and interoperability across IoT devices at the edge of a network.” The proof-of-concept showed the potential of Vodafone Internet of Things devices and blockchains to provide data for use in contracts and AI applications. Potentially, a single interface could be created to transfer data and tokens, the company said:
Continue Reading on Cointelegraph
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