Founded in 2017 by Sergey Nazarov and Steve Ellis, Chainlink Labs is the primary development company behind the Chainlink protocol. The company's mission is to solve the "oracle problem" by providing a reliable and decentralized bridge between blockchain-based smart contracts and real-world data sources. This allows smart contracts, which are inherently isolated from the outside world, to execute based on inputs and outputs from the external environment, a critical function for decentralized finance (DeFi), insurance, gaming, and other blockchain applications. The Chainlink network is essential for providing price feeds, proof of reserves, and other verifiable data to the Web3 ecosystem.

Founded in

Switzerland