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Chainlink Partners With Major Financial Players to Improve Corporate Actions Data Reporting Using AI and Blockchain

Author: Content Editor
The cryptocurrency project Chainlink has launched an initiative to standardize the collection and distribution of information on corporate actions such as mergers, dividends, and stock splits. The project, which includes participants such as Euroclear, Swift, Franklin Templeton, and various crypto projects, aims to address the lack of standardized and real-time data in the financial world. By automating and standardizing this information, the initiative seeks to reduce operational inefficiencies and costs associated with manual data processing. The initiative's first phase focuses on corporate actions data in six European countries and uses AI and blockchain technology to transform and distribute the data. Future stages will explore integration with existing financial systems for broader industry adoption.

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