Infosys partners with Chainlink to enhance onchain finance solutions

Summary

Infosys has entered a strategic partnership with Chainlink to enhance institutional onchain finance, aiming to connect major financial institutions to onchain markets. This collaboration will see Infosys standardize the adoption of several key components of the Chainlink platform, including the Cross-Chain Interoperability Protocol and the Automated Compliance Engine, among others. With Infosys supporting critical banking and payments infrastructure for over 1.7 billion customer accounts globally, this initiative is positioned to significantly impact the integration of traditional finance with emerging onchain technologies.

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Analysis

Infosys: Infosys is a global leader in IT services and consulting with extensive expertise in banking and payments infrastructure. The company has entered a strategic partnership with Chainlink to standardize and accelerate the adoption of blockchain technologies for institutional clients. This move positions Infosys to connect traditional financial systems with onchain markets using Chainlink's platform. Chainlink: Chainlink provides decentralized oracle networks and infrastructure that connect smart contracts to real-world data and external systems. In the current news, Chainlink is partnering with Infosys to integrate its platform into large-scale banking and payments environments worldwide. The collaboration focuses on enabling secure and compliant onchain finance solutions for major institutions. Data Feeds: Data Feeds are Chainlink's core oracle services that deliver secure, tamper-proof external data to blockchains. Infosys is incorporating Data Feeds as a foundational element of its Chainlink platform adoption for institutional use cases. Data Streams: Data Streams is a Chainlink service that delivers high-frequency, low-latency data feeds for use in smart contracts and onchain applications. Infosys is standardizing on Data Streams to integrate real-time data into its clients' onchain financial infrastructure. Proof of Reserve: Proof of Reserve is a Chainlink protocol that provides verifiable attestations of asset reserves held by custodians or protocols. Infosys is adopting this technology to support transparency and trust in institutional onchain finance applications. Automated Compliance Engine: Automated Compliance Engine (ACE) is a Chainlink solution designed to automate regulatory and compliance processes in blockchain transactions. As part of the Infosys partnership, ACE is being standardized to help financial institutions meet compliance requirements when accessing onchain markets. Chainlink Runtime Environment: Chainlink Runtime Environment (CRE) is a development framework within the Chainlink ecosystem that enables building and deploying decentralized applications and services. Infosys is incorporating CRE to enhance its infrastructure for onchain finance initiatives through the partnership. Cross-Chain Interoperability Protocol: Cross-Chain Interoperability Protocol (CCIP) is Chainlink's standard for secure cross-chain messaging, token transfers, and interoperability between blockchains. Infosys is adopting CCIP as part of its standardization on the Chainlink platform to support institutional connectivity across onchain networks. Technology Adoption: Infosys is standardizing adoption of the Chainlink platform across multiple components for its banking and payments clients. Strategic Partnership: Infosys has entered a strategic partnership with Chainlink focused on institutional onchain finance. Institutional Connectivity: The collaboration creates pathways for the world’s largest financial institutions to access onchain markets.

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