Chainlink is tapping into the experience and expertise of the individual who helped create search engine giant Google. Chainlink Labs recently announced the hiring of Eric Schmidt, a former CEO at Google.
Chainlink Labs is a smart-contract oracle service provider company, and Schmidt will be joining this firm as a strategic advisor. According to the announcement, Schmidt will guide LINK in creating “a world guided by truth.”
Chainlink hires former Google CEO
The statement issued by LINK on December 7 stated that the popular smart contract provider would be recruiting the former chief of Google. This year, Chainlink has seen growing adoption because of the boom of decentralized finance (DeFi).
Chainlink offers services that allow aggregation and implementation of real-world data into smart contracts. It is interoperable, which allows it to work with multiple blockchains. Chainlink works using oracle networks that link web 3.0 systems with legacy databases.
The LINK protocol is one of the largest in the DeFi sector, and it has managed to secure more than $80B in total value locked (TVL).
The co-founder of LINK, Sergey Nazarov, commented on the addition of ex-Google chief into the Chainlink team, stating, “Eric’s experience and insights around building global software platforms for next-generation innovation will be invaluable as we help developers and institutions usher in a new age of economic fairness and transparency.”
Nazarov also noted that the hiring of Schmidt comes at a crucial time for LINK because of the increased growth and adoption.
Schmidt has been instrumental in the growth of Google. Through his leadership, Google managed to scale its infrastructure and became the search engine giant that it is today.
Schmidt was also present when Google made some of its most crucial steps, such as its $23 billion IPO. He was also present when Google launched some of its most successful products such as Chrome, Gmail, Google Maps, AdSense and Fiber.
Besides working with Google, Schmidt has also worked with various institutions, such as the chairman of the Department of Defence’s innovation board and the National Security Commission on Artificial Intelligence.
The other positions that Schmidt will be holding while working at LINK include being the co-founder of Schmidt Futures and the chairman of the Broad Institute of MIT and Harvard.
Commenting on his appointment at LINK, Schmidt stated that, “Chainlink is a secret ingredient to unlocking the potential of smart contract platforms and revolutionizing business and society. I am excited to be helping the Chainlink Labs team build a world powered by truth.”
Chainlink making major moves
LINK has been committed to ensuring that it creates a multi-blockchain ecosystem. The network has successfully expanded the capability and reach of its network and has made strategic partnerships in this regard.
In October, Chainlink announced its partnership with Cardano. LINK would be used to bring oracle systems into the Cardano blockchain. This integration was crucial for the Cardano blockchain, as it had only started supporting smart contracts.
Other notable blockchains that have integrated Chainlink’s oracle nodes include Solana, one of the largest blockchain networks.
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