Eric Schmidt, former Google CEO, has joined Chainlink Labs as a strategic advisor, the company said in a press release. The company says Schmidt will guide scaling strategy as Chainlink emerges to real-world data and systems. Besides Chainlink, the former Google CEO is also Co-Founder of Schmidt Futures and Chairman of the Broad Institute of MIT and Harvard.
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"The launch of blockchains and smart contracts has demonstrated tremendous potential for the building of new business models, but it has become clear that one of blockchain's greatest advantages — a lack of connection to the world outside itself — is also its biggest challenge," said Schmidt.
In September, Google Cloud entered into a multi-year partnership agreement with Dapper Labs, a Canadian blockchain startup, to support its Flow blockchain. The Mountain View-based IT giant will act as a network operator to help Flow scale. The blockchain network already has over 50 applications, including non-fungible token (NFT) collections like NBA Top Shot and CryptoKitties.
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