Polkadot has integrated with Chainlink to incorporate its oracle service into its multi-chain environment. Thus, the different teams building on Polkadot will be able to count on a “flexible and reliable” solution to feed parachains with information.
Chainlink Price Feeds have been enabled as a Substrate Oracle pallet and can be accessed by any other pallet integrated into a parachain. Thus, deployable applications will have “powerful new functionality”. According to a release from Polkadot’s team:
Chainlink Price Feeds will allow smart contract applications across the Polkadot ecosystem to access accurate, up-to-date and tamper-proof price reference data for powering new products and markets
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Chainlink to power DApps on Polkadot
Parachains based on the Substrate network will have a direct connection to the “outside world” information provided by Chainlink via a runtime module. The pallet may be added with supported smart contract programming languages, before or after connecting it to the Chain Relay. Polkadot’s team states:
Either of these approaches allow