6 Smart Contracts that Permanently Shifted the Business Landscape

2. Chainlink

Chainlink extends the functionality of smart contracts by enabling them to securely interact with external data sources, APIs, and payment systems through a decentralized oracle network. This integration allows smart contracts to respond to real-world events, which has expanded their business applications. For instance, insurance contracts can now automatically trigger payouts when specific conditions are met, or supply chains can be tracked in real time. Chainlink has become a key player in connecting blockchain technology with real-world operations.