Chainlink collaborates with major financial institutions like Swift to leverage artificial intelligence and blockchain to improve corporate behavior data reporting

Data provider Chainlink (LINK) announced on Monday a new initiative in collaboration with major financial market participants such as Euroclear, Swift and Franklin Templeton. The project aims to leverage artificial intelligence and Blockchain technology to make corporate behavior data more accessible and standardized. This initiative seeks to address long-standing challenges in the finance sector where, according to a report by Chainlink, there is a lack of standardization and real-time data for corporate behaviors like mergers, dividends, and stock splits which are highly dispersed across markets like Europe. Automating and standardizing this information could significantly reduce inefficiencies caused by errors and manual data processing that cost companies millions of dollars each year. Investors typically use these types of data.