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Binance's latest launchpad project Harmony has announced a partnership with oracle service provider, Chainlink.
The partnership announcement sees Harmony looking to integrate into Chainlinks reliable and secure network. One of the reasons mentioned for the partnership was due to Chainlinks cutting edge technology, which has been recognized by leading independent research firms.
.@harmonyprotocol to use Chainlink for off-chain connectivity for dApp developers on their blockchain! https://t.co/VHIk2rlszg
— Chainlink - Official Channel (@chainlink) June 5, 2019
The announcement sees two very reputable projects in the crypto space partnering to focus on a high throughput, low latency, fully secure blockchain network. The partnership was a welcomed surprise for the community, with Harmony Co-Founder Nick White saying "Oracles are a key piece of the smart contract ecosystem that Harmony wants to build. Chainlink will provide a key piece of that infrastructure."
Chainlink’s Global Head of Business Development, Daniel Kochis also commented on the partnership - "Securely accessing off-chain data and payment systems is a necessary capability to build out blockchain ecosystems, and Chainlink is excited to collaborate with Harmony to provide their developer community with reliable oracles."
The partnership announcement saw both projects climb over 20% on the day:
ONE/BTC Chart provided by Tradingview
LINK/BTC Chart provided by Tradingview