Ex-Google CEO Schmidt Joins Chainlink Labs as Strategic Adviser

Former Google CEO Eric Schmidt has joined Chainlink Labs as a strategic adviser, the blockchain project announced Tuesday.

• Chainlink develops “oracle” networks to connect real-world data with smart contracts built on blockchains.
• Chainlink sends information and data from such sources as Deutsche Telekom and the Associated Press onto blockchains that helps trigger and secure more than $80 billion in value locked in smart contracts across many blockchains.
• “Blockchain networks and Chainlink oracles are at a crucial inflection point in terms of growth and adoption,” Chainlink co-founder Sergey Nazarov said in a statement. “Eric’s experience and insights around building global software platforms for next-generation innovation will be invaluable as we help developers and institutions usher in a new age of economic fairness and transparency.”
• Schmidt served as Google’s CEO from 2001 to 2011, when the company went public, launched services such as Gmail, Google Maps and Chrome, and acquired YouTube and Android.
• “The launch of blockchains and smart contracts has demonstrated tremendous potential for the building of new business models, but it has become clear that one of blockchain’s greatest advantages – a lack of connection to the world outside itself – is also its biggest challenge,” Schmidt said. “I am excited to be helping the Chainlink Labs team build a world powered by truth.”

Read more: Value Secured by Chainlink Data Soars 10-Fold in Less Than a Year