With Chainlink's oracles ensuring data reliability, Microsoft providing cloud infrastructure, and Banco Inter offering financial insights...
Chainlink has joined forces with Microsoft, Banco Inter, and 7COMm to support the second phase of Brazil’s Digital Real pilot.
In a significant move for the cryptocurrency space, Chainlink has partnered with Microsoft, Banco Inter, and 7COMm. This collaboration supports the second phase of Brazil’s Central Bank Digital Currency pilot project.Brazil’s CBDC, known as the Digital Real, aims to improve financial inclusion and economic efficiency. Chainlink, a leading blockchain oracle provider, brings its expertise in data integration and smart contracts to the project.
Microsoft’s participation highlights the increasing role of tech giants in the blockchain space. As a trusted technology partner, Microsoft offers its cloud infrastructure to support the Digital Real’s operations. Banco Inter, a prominent Brazilian bank, provides financial insights for implementation.Chainlink’s oracles are vital for connecting off-chain data with blockchain systems. This capability ensures seamless real-time data exchange for CBDCs.
Brazil’s success in this pilot could have ripple effects across Latin America. Many countries in the region are exploring digital currencies to address economic challenges. For global tech companies, this collaboration opens doors for similar initiatives worldwide.Brazil’s Digital Real project reflects a broader trend towards digital transformation. While challenges remain, this partnership underscores the possibilities for innovation.
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