Pharos Network Ties Chainlink CCIP and Data Streams to Grow RWAs Market
In one major step that joins blockchain and old finance, Pharos Network—a programmable Layer-1 blockchain for open finance—uses Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its cross-chain base. Pharos now also employs Chainlink Data Streams to send market data with little delay. The firm aims to build an enterprise system for tokenized real assets.
Connecting Old Assets with Blockchain Tech
Pharos stands as a platform that links real assets with established finance and cross-chain pools. The CCIP move guards cross-chain transfers and messages. This link allows value and data to flow fast between blockchains and removes old limits on digital asset movement.
Chainlink Data Streams add speed by sending clear, fast market data. Prices come from major exchanges with reliable figures. Protocols can set market info as needed. A commit-and-reveal setup stops front-running and cuts risk in today’s markets.
Benefits of Chainlink Technology for Pharos
• Sub-Second Price Data: Pharos uses Chainlink’s oracle system to send near real-time market data.
• Accurate Price Points: Data Streams pull prices from key exchanges, so values stay clear and precise.
• Custom Data Setup: Developers can set the flow of market info to suit their needs.
• Secure Transactions: A commit-and-reveal design protects data and lowers risks from front-running.
On the cross-chain side, Chainlink CCIP helps with:
• Strong Security: Multiple oracle networks run by known operators keep transfers safe.
• Easy Token Exchange: The Cross-Chain Token rule makes token moves simple for both new and old coins.
• Broad Network Growth: CCIP builds a permissionless, linked system that can grow the asset token market.
Pharos Goals and Market Impact
Founded by former leaders from AntChain and Ant Financial, Pharos plans to build secure solutions for green finance, digital payments, and smart ownership. The platform helps large-scale token projects reach big institutions and everyday users. Chainlink’s known system backs these token projects with clear standards. Johann Eid of Chainlink Labs said the tie lets Pharos support token systems that move many trillions on-chain. Pharos CEO Wish Wu said the link gives builders and institutions strong performance and security from the first day.
Industry Outlook
Tokenizing real assets can change finance by adding liquidity, enabling fractional ownership, and bringing the speed of decentralized finance. Yet issues with data, safety, and chain links have held many institutions back. Pharos uses Chainlink’s tools to solve these issues and join old asset types with blockchain methods. This work sets a path for clear, safe, and accessible investments.
About the Companies
Pharos Network is a new financial Layer-1 blockchain that joins real assets with established finance and decentralized liquidity. Backed by global investors such as Hack VC and Faction VC, Pharos builds solid systems for asset tokens and decentralized finance.
Chainlink is a top decentralized oracle platform in the blockchain world. It supplies standard data, reliable cross-chain rules, and trusted solutions for digital projects. Chainlink’s system works with firms like Mastercard, Fidelity International, and UBS.
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📝 About This Article
This article was generated by Hivebox AI in collaboration with AuCan Gold.
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