Tamper-proof recordkeeping, real-time transparency, & secure automation can help modernize a wide range of government and public sector operations.
Here are 10+ ways that blockchain can strengthen U.S. federal agencies 🧵↓
1. Food & Drug Administration (FDA)
Secure Recordkeeping for Food Safety and Recalls
Food safety incidents can spread across a complex supply chain.
Blockchain can be used to log inspection dates, temperature records, & other key data at critical points in the food supply chain.
2. U.S. Patent and Trademark Office (USPTO)
Verifiable Record of IP Transfers and Licensing
Patent and trademark ownership transfers, along with licensing agreements, can be recorded onchain to create a time-stamped, verifiable history of changes in rights and control.
Payment Abstraction is a cross-chain-enabled payment system that reduces payment friction in the Chainlink Network.
It allows users to pay for Chainlink services with the assets they already have (e.g., gas tokens), which are automatically converted to LINK via @Uniswap.
Payment Abstraction has been connected to Chainlink SVR—a novel MEV recapture solution recently launched on mainnet, with @aave as the first user.
Chainlink Smart Value Recapture (SVR) is a novel oracle solution that enables DeFi apps to recapture the non-toxic MEV derived from their use of Chainlink Price Feeds.
SVR was built in collaboration with @bgdlabs, Flashbots, & @aave DAO contributors.
Introducing the Multistream upgrade for Chainlink Data Streams.
One decentralized oracle network (DON) can now support 1000s of unique data points per second—a 1000x throughput increase.
We've also improved operations to allow Streams to be launched faster than ever before 🧵
Chainlink Data Streams is a pull-based oracle solution, where data's aggregated offchain at sub-second intervals & users can pull data onchain at any time.
This enables the creation of high-frequency DeFi apps secured by Chainlink’s decentralized low-latency data infrastructure.
Multistream is a new parallelized architecture for Data Streams.
A single Multistream DON can now serve 1000s of data points in parallel across chains and any range of asset classes.