Balaji Srinivasan joins Chainlink as an advisor

Balaji Srinivasan, the renowned former CTO of Coinbase and general partner of Andreessen Horowitz, has joined Chainlink as an advisor.

The announcement, which comes shortly after Associated Press launched a Chainlink node, represents a key milestone for the decentralized blockchain oracle network built on Ethereum.

“The ledger of record is the set of all cryptographically signed feeds of on-chain data. It subsumes social media feeds, data, APIs, event streams, newsletters, RSS,” says Srinivasan.

“It’ll take years to build, but will ultimately become the decentralized layer of facts that underpins all narrative.”

Srinivasan has previously expressed an intellectual curiosity in the concept of a “ledger of record”, which in his view can improve how the world processes information.

By using decentralized oracles like Chainlink, Srinivasan argues that the world can move to a ‘cryptoinformation’ model.

“As each assertion goes on-chain, the metadata becomes verifiable,” says Srinivasan.

This involves “proof-of-who via digital signature, proof-of-what via hash and proof-of-when via timestamp”.

Investors can buy LINK tokens to own a portion of the protocol, thereby becoming a $LINK marine.

At the time of writing, one LINK out of 1bn is trading at $34.47.

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