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Unveiling a Collaborative Epoch: Arkham Links with Chainlink
The partnership between Arkham and Chainlink heralds a new era, unifying the formidable Arkham database intelligence with the wide-reaching and secure network of Chainlink. By intertwining Arkham’s labeling endpoint data with Chainlink Functions, a pinnacle of serverless developer platforms for connecting offchain APIs and ensuring verifiable computation, developers gain a smooth passageway to on-chain access. The focus falls upon our labeling endpoint, a segment of our API responsible for analyzing a blockchain address, cross-referencing our expansive database, and eliciting any relevant insights, primarily, identifying the real-world proprietor of the address.
Chainlink: A Trailblazer in Web3 Services
The motivation behind tethering Arkham’s data on-chain with Chainlink emanates from its illustrious standing as a Web3 services behemoth, boasting a proven track record in furnishing developers across various blockchains with secure ingress to tangible-world data, offchain computation, and pivotal cross-chain services for crafting feature-dense smart contract applications. Chainlink Network not only has a monumental achievement of delivering over 10.3 billion data points on-chain but has also been a catalyst in mobilizing a staggering $8.5 trillion in value spanning over 15 blockchains.
Unlocking New Horizons: Integrated Data for Web3 Developers
The integration of our labeling endpoint data on-chain via Chainlink Functions demystifies the process for Web3 application developers to assimilate Arkham data into their decentralized applications (dApps), thereby, inaugurating a novel realm of use cases. For instance, DeFi application product teams can leverage Arkham’s data to delve deeper into understanding which address types and cryptocurrency entities are the predominant active users, subsequently applying the data directly within their dApp to devise customized user experiences. A sneak peek into other discerning use cases includes:
- Facilitating users in pinpointing their real-world transaction partners
- Evaluating risk permeating through addresses owned by a singular entity
- Orchestrating and allocating rewards to users possessing numerous addresses
- Directing to entities associated with a dynamically updating set of tags
Forward Momentum: Crafting Chainlink Modules
As an initial step, we plan to craft Chainlink modules that allow developers to pull, process, and produce information originating from the Arkham labeling endpoint API. Seasoned Chainlink developers will possess the capability to formulate custom queries in a verifiable approach using the Functions’ serverless developer platform, which consequently enables trust-reduced computation for explicit data inquiries.
Navigating the Future: Tech Insights and Utilization Avenues
There is an assurance of future communiqués detailing the technical aspects and pathways on how to commence utilizing Arkham data on-chain through Chainlink Functions. The act of transposing our data on-chain via Chainlink Functions marks a significant leap for the burgeoning ecosystem of on-chain data. Chainlink Functions, with its seamless connectivity, empowers developers to blend Arkham’s labeling endpoint data with their smart contracts, thereby unveiling a new creative space for externally-connected, feature-rich dApps.