Blockstack PBC to Integrate Chainlink's Industry Leading Oracle Technology into Blockstack's Smart Contract Language

Industry leaders unite to expand technology, marketing, and community development

Blockstack PBC and Chainlink are joining forces to integrate the Blockstack and Algorand-supported Clarity smart contract language with Chainlink's industry-leading oracle technology. By leveraging Chainlink as the preferred oracle solution, Blockstack developers will soon be able to build sophisticated Clarity smart contracts that are enhanced with secure, validated data spanning millions of data providers, web APIs, and other off-chain resources from Chainlink.

Clarity was designed from the ground-up to be more secure, predictable, and reliable than other languages. When combined with Chainlink's technology, Clarity will unlock a host of new use cases and user experiences. The initial integration will revolve around integrating Chainlink's widely used Price Feeds, but will evolve into a generalized oracle solution for the platform. Both teams aim to make Chainlink's capabilities available to Blockstack users and developers in the near future, in addition to the entirety of the Chainlink smart contract library.

The collaboration between Chainlink and Blockstack PBC will span technology, marketing, and community development, bringing Chainlink's technology into the Stacks 2.0 blockchain's expanding orbit of developers and traders. The two teams also plan on co-hosting upcoming industry events and hackathons, as well as creating more developer-centric content to accelerate development and adoption. As they evolve the collaboration, Blockstack PBC and Chainlink will look to extend more benefits, capabilities, and opportunities to their users and communities.

In announcing the collaboration, Muneeb Ali, Co-Founder of Blockstack, said, "Stacks 2.0 is a unique layer-1 blockchain that has a native bridge to Bitcoin. Clarity smart contracts give new powers to our developers. High-quality data feeds from Oracles are an important building block for Clarity contract developers. Given our familiarity with and knowledge of Chainlink's impressive team and technology, we are confident that this collaboration and resulting Chainlink oracles will advance our shared ecosystem."

Daniel Kochis, Head of Chainlink Business Development, stated, "We are excited to collaborate with Blockstack and Stacks 2.0 to empower the most advanced apps, assets, and contracts possible, including providing high quality data feeds to the 500+ teams building in its ecosystem. Having conducted the first ever SEC-qualified offering of a digital token in 2019, Blockstack is a true leader in driving the legitimacy and maturity of our industry forward."

Integration work will begin right away, with progress updates provided throughout the process leading up to Stacks 2.0 mainnet launch, after which the functionality can be deployed on mainnet. In addition, Blockstack PBC is hosting the Redefine Summit on October 16th, 2020, that Chainlink is speaking at. The event will showcase both organizations' commitment to maturing the industry at large by setting the stage for thought leaders and project leaders to discuss the past, present, and future of Bitcoin, and the emerging DeFi landscape. Learn more and register at redefinesummit.com.

About Chainlink:

Chainlink is the industry leader in providing tamper-proof inputs and outputs powering complex smart contracts on any blockchain. Chainlink's oracles allow the connection of any external API to any blockchain, while enabling payments to be sent anywhere. Chainlink's capabilities will be available to Blockstack users and developers in the near future, in addition to the entirety of the Chainlink smart contract library.

About Blockstack:

Blockstack is an open-source and developer-friendly network for building decentralized apps and smart contracts. Blockstack inherits Bitcoin's security through Proof of Transfer, enables you to write secure smart contracts with Clarity, and brings it all together in one decentralized network maintained by developers from all over the world. Blockstack PBC and developers from throughout the Stacks ecosystem are contributing to development of the Stacks 2.0 mainnet software which will provide the most advanced secure app developer tools and smart contracts on Bitcoin.

Important disclaimer

Blockstack PBC is not registered, licensed, or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), or any other financial regulatory authority or licensed to provide any financial advice or services.

Forward-looking statements

This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: "will," "expect," "would," "intend," "believe," or other comparable terminology. These statements involve risks, uncertainties, assumptions, and other factors that may cause actual results or performance to be materially different. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.

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