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IOV Labs has announced the integration of Chainlink


IOV laboratories announced the integration of the decentralized oracles of Chainlink in the RSK and RIF ecosystems.

The integration will allow RSK developers to access data and price sources generated outside of the blockchain for use as input to Bitcoin-based smart contracts.

RSK and RIF technical teams are currently working to integrate the Chainlink protocol at the infrastructure level so that oracles can be used without external dependencies on other blockchains. However, for now, the integration is only available on the testnet.

IOVlabs is developing blockchain technologies for a new global financial ecosystem that promotes opportunity, transparency, and trust. The organization is currently developing RSK Smart Contract Network, RSK Infrastructure Framework (RIF) and Taringa !.

In particular, RSK Network is a secure smart contract platform designed to harness the hashing power of Bitcoin. RSK Infrastructure Framework (RIF), on the other hand, is a set of open and decentralized infrastructure protocols that enable faster, simpler and more scalable development of dApps within a unified environment.

RIF Gateways, one of the core components of RIF, will provide a simplified and unified experience for developers to access any oracle or data service that brings information from the outside world onto the blockchain.

On the other hand, the integration will also extend the capabilities of Chainlink, extending its network of operators to the Bitcoin blockchain, demonstrating the viability of implementing technological protocols that can run on multiple blockchains, creating bridges between different existing platforms.

RIF Gateways boss Julián Rodríguez said:

“Chainlink is as synonymous with oracles as RSK is with Bitcoin smart contracts. By combining the two, developers can capitalize on a smart contract network that is anchored to the strongest Proof of Work blockchain and connected to the best decentralized Oracle solution on the market. The synergies between Chainlink and IOV Labs are extensive, and we look forward to exploring ways to improve the utility of RSK and RIF based on Chainlink's best Oracle service. "

Chainlink's Head of Business Development Daniel Kochis commented:

“The blockchain space has always wanted to build smart contracts anchored to the security of the Bitcoin blockchain. We are excited to partner with the IOV Labs team to make that a reality by providing RSK with secure and reliable oracles to power more useful smart contract applications that fully integrate with the most widely used data systems and resources. "

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