The Associated Press (AP) will operate a Chainlink node that will provide smart-contract developers with verifiable data from a reputable source on demand.
Associated Press will be leveraging Chainlink’s technology
The challenge of finding a reliable source of data is a perennial problem in journalism. Ever since the first media existed, the world has had to rely on the integrity of those who provide the data. But that may be changing now that Chainlink is harnessing the power of decentralization. The Associated Press (AP), one of the largest news organizations globally, has decided to move in this direction as well. AP announced it would operate a Chainlink node and begin uploading a significant amount of data, using Chainlink’s technology to ensure the reliability of its information.
According to a press release from AP, the agency will share data on U.S. race calls, economic facts, sports scores, and corporate finances. The company will cryptographically sign the data to verify its authenticity. When AP runs a Chainlink node, the information it uploads and digitally signs are verifiable by any other participant in the network and can be used almost instantly to make decisions. For example, a betting website could use the data from AP to guarantee the outcomes of the games its customers bet on, or a political analyst could change his election strategies depending on the results of a particular poll.
The company is not new to blockchain technology
This is not the first time AP has used blockchain technology to ensure the integrity of its data with the world. Last year, AP already worked with Everipedia to upload the results of the US presidential election to the Ethereum blockchain. In addition, AP launched an NFT collection and is conducting several experiments on the application of decentralized technologies in the art scene.
This is also not the first time that a large company has decided to run a Node. SpaceX had transported an Ethereum node to the International Space Station (ISS) and fantasy sports and betting company DraftKings recently announced that it will become a validator for the Polygon Network.