CRD Network Will Launch a Chainlink Node

CRD Network will launch a Chainlink node to bring its compliance data to DeFi applications across leading blockchains. The end goal is for the CRD Network to be a one-stop solution where users can fill out their KYC information and then have unlimited access to decentralized protocols integrated within its KYC service platform without having to undergo multiple registrations.

Chainlink is the industry-leading secure blockchain middleware, enabling existing APIs to become easily compatible across blockchain networks. Through the CRD Chainlink node, we can supply our compliance API data directly on-chain as well as cryptographically sign the data to prove that it originated from the CRD Network.

The CRD Chainlink node will give smart contract based applications and DAO’s a plug-n-play solution for meeting regulatory compliance around Know Your Customer (KYC) laws. For example, a DeFi application could easily whitelist public addresses before an ICO to verify accreditation. Similarly, DeFi applications could use KYC data to launch enterprise implementations around common use cases such as KYC compliant lending markets. Ultimately, the launch of the CRD Chainlink node will help increase the adoption of enterprises and institutions across DeFi, which need KYC services in place in order to participate.

ABOUT CRD Network
CRD Network is DeFi bridge between crypto and legacy finance.

ABOUT Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

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