Chainlink Partners With Major Financial Players to Improve Corporate Actions Data Reporting Using AI and Blockchain
Briefly

from Coindesk5 months ago
Chainlink's initiative aims to standardize corporate actions data collection, addressing fragmentation to enable operational efficiencies and significant cost reduction for financial markets.
Coindeskhttps://www.coindesk.com/business/2024/10/21/chainlink-partners-with-major-financial-players-to-improve-corporate-actions-data-reporting-using-ai-and-blockchain/
Automating and standardizing this information could help significantly reduce operational inefficiencies that currently cost businesses millions of dollars every year due to errors and manual data processing.
Coindeskhttps://www.coindesk.com/business/2024/10/21/chainlink-partners-with-major-financial-players-to-improve-corporate-actions-data-reporting-using-ai-and-blockchain/
Turning various pieces of disconnected corporate actions data into unified 'golden records' that can then be relied on by hundreds of market participants as a definitive, single source of truth is truly a huge step forward.
Coindeskhttps://www.coindesk.com/business/2024/10/21/chainlink-partners-with-major-financial-players-to-improve-corporate-actions-data-reporting-using-ai-and-blockchain/
This will help financial markets synchronize faster, reduce errors and cut costs, creating a more efficient landscape for corporate actions.
Coindeskhttps://www.coindesk.com/business/2024/10/21/chainlink-partners-with-major-financial-players-to-improve-corporate-actions-data-reporting-using-ai-and-blockchain/
Read at Coindesk
#chainlink #corporate-actions #data-standardization #blockchain #operational-efficiency
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