CandleFocus Chainlink (LINK) Solves Finance’s Data Problem: Turning PDFs into JSON for Cost Savings
2024-11-11
Author: Content Editor
Chainlink's Decentralized Oracle Networks (DONs) are reported to provide a solution to managing data in the finance industry. Large language models (LLMs) can extract critical data from PDFs and press releases but can sometimes hallucinate. DONs ensure data is requested from multiple LLMs, reaching a consensus to address hallucination. To ensure corporate action events are shared in a structured format, DONs would share data in JSON. Storing structured data on blockchains and creating a "unified golden" accessible through Chainlink could reduce costs and encourage automation. The use of AI and Chainlink Oracles could increase efficiency and data flow. CACEIS supports the creation of a blockchain-based "golden source" for streamlined corporate action management.
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