QDT Partners With Chainlink
QDT will be launching Chainlink node to make premium AI analytics and predictions for crypto available to developers building on various smart contract platforms.
Chainlink is the industry-leading secure blockchain middleware for getting existing APIs compatible with blockchain networks. Through Chainlink node, they can broadcast data and predictive analytics directly onto leading blockchains, as well as cryptographically sign data to provide on-chain proof that it originated from the QDT API.
Developers will be able to call the QDT Chainlink node to get daily BTC price predictions that have been generated through specialized AI and ML deep learning algorithms. These signals can be leveraged by developers to automate new data-driven smart contract applications on blockchains, particularly useful for institutional traders and investors. For example, developers can create on-chain trading strategies that trade BTC or that rebalance portfolios based on crypto price prediction forecasts. This gives users the ability to make real-time decisions in an automated manner using time-tested signals.
As mentioned, one of the major challenges faced on the blockchain is the onboarding of off-chain data. While initial scope is to bring BTC price prediction signals onto the blockchain, the larger vision is to offer extensive library of off-chain data to smart-contract developers.
Their Data Lake has 150,000+ unique sources from the following categories:
- Alternative – e.g. Apple Mobility, Airport Traffic, COVID case and death rate
- Bonds – e.g. Treasuries, Government Bonds, Overnight Rate
- Commitment of Traders – e.g. Hedge Fund positions, Long/Short, Spreads
- Commodities – e.g. Energy, Industrials, Agricultural
- Cryptocurrencies – e.g. Bitcoin, Ethereum, Binance Coin
- Currencies– e.g. USD, EUR, YEN
- Equities – e.g. NYSE, Nasdaq, London Stock Exchange
- Fundamentals – e.g. Car Production, Oil Production, Housing Index, Import/Export
- Indices – e.g. Equities, Commodities, ETFs
- Interest Rates – e.g. Gov, Corp
- Macroeconomics – e.g. GDP, Unemployment, Inflation, Gov Debt
- News – e.g. Headlines from 170 different news sources (Bloomberg, API Newswire, Thomson Reuters, etc.)
- Shipping – e.g. Freight Rates, Vessel Tracking, Vessel Types
- Technicals – e.g. Moving Averages, Bollinger Bands, Oscillators
- Weather – e.g. Precipitation, Wind, Temperature
Their aim with Chainlink is to make this vast array of data available across the blockchain. Our goal is to dramatically broaden the scope of available data categories and types, and set the stage for huge growth and mainstream adoption of the DeFi ecosystem.
What is Chainlink?
Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.
What is QDT?
Quantum Data Technologies is an engineering company with a passion for using advanced technology to solve complex business problems. We are fascinated with the pursuit of innovation and to constantly push the boundaries of what’s possible with AI, Big Data, and Machine Learning. Our core product, Quantum ML, is a data platform that uses machine learning to predict the movement of financial instruments such as stocks, bonds, indices, fiat currencies, cryptocurrencies, commodities, ETFs, and more. Quantum ML utilizes data from 150,000+ unique sources such as global exchanges, financials, macroeconomics, and fundamentals, to automatically generate and backtest ML-driven strategies that inform financial and trading decisions.
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