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Oracle distributed network chainlink announced the launch of a new development platform, known as chainlink functions. The platform is designed to connect Web 3.0 apps to traditional cloud software.
Chainnlink features include support for integrations with amazon's (aws) and meta web services.
A New Developer Platform
Decentralized platform Chainlink has announced the launch of a new developer platform to help connect decentralized applications (dApps) with traditional web applications. The new platform, known as chainlink features, will include integrations with meta and amazon web services (aws) and is currently available in beta on the polygon mumbai and ethereum sepolia testnets. In addition, manufacturers can also perform customizable calculations on the web 2.0 api in a matter of minutes, according to the head of products chain laboratories, kemal el mujahid.
In addition, manufacturers can also run customizable Web 2.0 API calculations in minutes, according to Chainlink Labs' product manager, Kemal El Moujahid. What this creates is a massive opportunity to build apps that combine the best of smart contracts and Web 2.0.”
New Platform To Complement Oracle Service
According to Chainlink, the new developer platform will complement Chainlink’s already existing Oracle service. It creates a golden opportunity to create applications that combine the best of smart deals and Web 2.0." New platform to complete Oracle Service in accordance with Chainlink, The new development platform will complement the existing Oracle service provided by Chainlink.
The new platform will enable blockchain developers to connect their decentralized applications (dApps) or smart contracts with any application programming interface within the traditional tech space without requiring or managing additional cloud infrastructure.
Bridging Two Ecosystems
Chainlink is primarily known for its Ethereum-focused protocol that provides an oracle network to power smart contracts. Essentially, Chainlink allows the connecting of on-chain data with external systems, allowing smart contracts to execute actions and transactions based on real-world inputs and outputs. To date, the chain has generated more than seven trillion dollars in value. While the platform has developers numbering well in the hundreds of thousands, it also recognizes that there are millions of developers worldwide. Chainlink hopes to become a bridge, connecting the two parties and making mass adoption easier. Moujahid states,
“Web3 is not going to be a binary thing. I think I saw it in Ai. The pathway to mass adoption was to facilitate the integration of ai in your applications. The same holds true for web3. You don't need to build your full application on the line. It’s going to be a spectrum: part smart contract, part Web 2.0 APIs.”
There has been a growing demand for the integration of blockchain technology with more traditional models such as SaaS (Software-as-a-Service) or APIs. However, the means by which this integration can be facilitated are limited.
However, the means by which this integration can be facilitated are limited. 'Web3 developers are constrained by what smart deals can do because they can't access Web 2.0 APIs.
Integration With AWS And Meta
Chainlink’s new platform also facilitates integrations with Amazon Web Services (AWS), Meta, and a host of others. 'Web3 developers are constrained by what smart deals can do because they can't access web 2.0 apis. web 2.0 developers are looking to build new services with web3 properties, but they do not want to be forced to reconstruct their tools and infrastructure." Integration with aws and the new metachainlink platform also simplifies integration with amazon web services (aws), meta, and many more. Web 3.0 developers using the new platform can easily integrate with aws data exchange and aws lambda, giving them direct access to data sets via their market. This, in turn, widens their instances of dapp use. Similarly, meta developers can connect social media activity and small e-commerce-oriented companies with smart contracts through interconnection features.
They can then automatically trigger actions on the channel according to the user's offline activities. 'Intelligent contracts enable developers to develop decentralised and secure services. Services that, unlike centralized platforms, are clearly on a level playing field for their users because they cannot be closed or unilaterally change the rules of the game. Services that, unlike centralized platforms, are clearly on a level playing field for their users because they cannot be closed or unilaterally change the rules of the game.
Services that can provide billions of dollars worth of transportation. He stated,
“All they have to do is write a few lines of code in JavaScript, and it runs on Chainlink infrastructure automatically.”
