Chainlink Launches Self-Service Serverless Platform for dApps and Smart Contracts

03/05/2023 04:51 • AI & Tech Insights • 104 views

On March 5, Chainlink is launching a self-service serverless platform to help developers connect their decentralized applications (dApps) or smart contracts to any Web 2.0 API. Kemal El Moujahid, chief product officer of Chainlink Labs, told TechCrunch that the new platform Chainlink Functions also allows builders to run customizable computing on the Web 2.0 API in a few minutes through their network.

Chainlink is launching a new platform for developers to build Web3 applications using Web 2.0 APIs such as AWS and Meta

Interpretation of the news:

Chainlink, a decentralized oracle network that provides real-world data to smart contracts, is set to launch a self-service serverless platform called Chainlink Functions on March 5. The platform is aimed at helping developers connect their decentralized applications (dApps) or smart contracts to any Web 2.0 API in a matter of minutes.

With Chainlink Functions, developers can run customizable computing on the Web 2.0 API without having to set up and manage their own servers. The platform also allows builders to create and deploy their own functions written in any programming language, without needing to know the intricacies of blockchain or smart contract development.

According to Kemal El Moujahid, chief product officer of Chainlink Labs, the new platform will enable developers to easily integrate off-chain data into their smart contracts, which will make them more robust and versatile. Smart contracts are self-executing agreements with the terms of the agreement directly written into code, and are a key feature of blockchain technology.

Chainlink Functions is also expected to make it easier for dApps to communicate with the outside world, as it allows them to access any Web 2.0 API without intermediaries. This will lead to more interoperability between blockchain and traditional web applications, and could drive further adoption of blockchain technology in mainstream industries.

Chainlink has been gaining momentum lately, as more and more companies realize the need for off-chain data to be integrated into smart contracts. The decentralized oracle network has already established partnerships with several major companies, including Google Cloud, SWIFT, and Microsoft, and has been used in a variety of industries such as finance, insurance, and gaming.

In summary, Chainlink’s self-service serverless platform, Chainlink Functions, is set to streamline the process of integrating off-chain data into smart contracts and dApps. The platform’s ability to connect to any Web 2.0 API and run customizable computing in a matter of minutes will make it easier for developers to create robust and versatile smart contracts, and could lead to greater interoperability between blockchain and traditional web applications.

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