Unveiling an Era of Collaboration: Arkham Links with Chainlink
The partnership between Arkham and Chainlink heralds a new era, uniting Arkham’s formidable database intelligence with Chainlink’s extensive and secure network. By interweaving Arkham’s labeling endpoint data with Chainlink Functions, a pinnacle of serverless developer platforms for connecting off-chain APIs and ensuring verifiable computation, developers gain a smooth passage to on-chain access. The focus is on our labeling endpoint, a segment of our API responsible for analyzing a blockchain address, comparing our extensive database and gaining relevant insights, primarily identifying the real owner of the address .
Chainlink: a pioneer in Web3 services
The motivation behind connecting Arkham’s data on-chain with Chainlink stems from its illustrious status as a Web3 services giant, with a proven track record of providing developers across blockchains with secure access to tangible world data , offchain computations and critical cross-chain systems. services for creating versatile smart contract applications. Chainlink Network has not only achieved a monumental feat of delivering more than 10.3 billion data points across the chain, but has also been a catalyst in mobilizing a staggering $8.5 trillion in value across more than 15 blockchains.
Unlocking New Horizons: Integrated Data for Web3 Developers
Integrating our labeling endpoint data into the chain through Chainlink Functions demystifies the process for Web3 application developers to assimilate Arkham data into their decentralized applications (dApps), ushering in a new realm of use cases. For example, DeFi application product teams can use Arkham’s data to dig deeper into understanding which address types and cryptocurrency entities are the top active users, then apply the data directly within their dApp to devise custom user experiences. A taste of other demanding use cases includes:
- Facilitate users in locating their real transaction partners
- Evaluating risks penetrating through addresses owned by a single entity
- Orchestrating and awarding rewards to users who have multiple addresses
- Redirect to entities associated with a dynamically updated set of tags
Forward Momentum: Creating Chainlink Modules
As a first step, we plan to create Chainlink modules that will allow developers to retrieve, process, and produce information coming from the Arkham Labeling Endpoint API. Seasoned Chainlink developers will have the ability to formulate custom queries in a verifiable approach using Functions’ serverless developer platform, enabling lower-confidence calculations for explicit data queries.
Navigating the future: technical insights and use cases
There is certainty about future communiqués detailing the technical aspects and pathways on how to start using Arkham data on-chain via Chainlink Functions. The act of transforming our on-chain data through Chainlink Functions marks a significant leap for the rapidly growing on-chain data ecosystem. Chainlink Functions, with its seamless connectivity, allows developers to combine Arkham’s labeling endpoint data with their smart contracts, revealing a new creative space for externally connected, feature-rich dApps.
