Global Keystone of Future Financial & Tech Services

The key role of Chainlink is to enable a broader range of smart contract applications on established blockchains by allowing the integration of decentralised oracle networks which are able to create interoperability between blockchains as well as bring in external data in a trustless manner onto various blockchains. This makes existing blockchain technology much more powerful and will contribute to upgrades in global financial systems such as SWIFT making payments more efficient and other efficiencies, contributing to a greater standard of living and economic growth. Within this article, the real world applications of Chainlink will be explored on a macro scale as well as the economic benefits created by this foundational piece of technology

Chainlink is developing its 'Metalayer'—a decentralized infrastructure designed to handle critical abstractions, allowing developers to focus solely on specialized applications. By providing seamless access to Chainlink’s resources (oracles, computation, cross-chain interoperability), the Metalayer significantly boosts developer efficiency and output. This creates a self-reinforcing cycle: as blockchain adoption grows, demand for Chainlink’s services increases, driving more enterprises to build on its infrastructure. The resulting network effects will accelerate innovation, reduce development costs, and expand use cases—further solidifying Chainlink’s role as the keystone technology powering the future of financial and technical applications globally'

SWIFT is the financial system made up of a series of private keys which links over 11,000 banks globally and allows hundreds of Trillions of dollars worth of transaction value to be transferred annually. Chainlink recognises the utility within the SWIFT system and as banks often layer new technologies and solutions, Chainlink sees the utility not to replace the SWIFT system but to work in collaboration, offering the customers of the 11,000 banks who utilise the SWIFT system to engage with the Chainlink oracles and indirectly be apart of the world of Decentralised Finance while still remaining within the legacy system, allowing a whole range of financial services.