ChainLink (LINK), as we all know, is a world-class oracle network. It is now home to Contentosio, the decentralized content ecosystem. Contentosio will be making use of Chainlink to aggregate the performance data of the content, thus arriving at the advertising value of the content creator’s influence.
This is useful as it facilitates to assess the advertising value, which in turn can be used to create tokenized investment and to facilitate cash advances.
Content valuation is very important for the advertising industry. It is by virtue of the influence factor of the advertised content that the subsequent market conversion takes place.
The ability to get an accurate performance metric of the content stored in different platforms is possible by storing the details on immutable records on the Contentos blockchain.
The cross-platform performance can thus be accurately assessed, providing for a detailed understanding of the content industry, facilitating tokenized investment in the future revenue streams.
Sydney Ifergan, the Crypto Expert, tweeted: “ChainLink (LINK) powered Contentosio will be useful if the metrics reflect the true advertising value of content and its influence in the target market. True Data, True Oracle, and True Results matter a lot.”
Reliability is everything. When reliability is ensured, there will be nothing to ask for, and mass adoption will follow naturally.
ChainLink (LINK) Ensuring Reliability
Sergey Nazarov, Chainlink CEO previously opined that the reliability of the oracle services is the only thing that holds back the corporate adoption of blockchain technology.
Further, improving on the oracles for interoperability is also necessary, particularly when decentralized finance is involved in the process.
Whether about interoperability oracle or content influence oracle, the key to the success factor is reliability. Reliability can be ensured only when true data are studied.
The point of identifying reliable data sources, integrating them correctly using the right algorithm, and further eliminating noisy data and then filtering out reliable data and further processing it and more takes a lot of skilled handling of data and developer intelligence.
Bridging blockchain is a lot of work, and the interoperability thus facilitated can be the key to a Pandora box of multiple use cases.
A lot of smart contract developers who are going to be building things making use of smart contracts will love to have a comfortable developer experience streamlined.
It has been logical and historically proven that Oracles can significantly improve developer and end-user experiences in a significant way. Looking forward to highly reliable Oracles from the ChainLink Network. So far, so good.
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