Former Google CEO to Become Strategic Advisor to Chainlink Labs

Former Google CEO Eric Schmidt has been appointed as a strategic advisor to Chainlink Labs, the developer company of blockchain Oracle solutions provider Chainlink.

Schmidt will guide the company’s scaling strategy as it uses Oracle networks to trigger smart contracts, according to a statement released on Tuesday (December 7).

Chainlink Co-Founder Sergey Nazarov said on Schmidt’s appointment, “Creating global software platforms for next-generation innovations” highlighted his experience.

On Schmidt’s appointment:

The launch of blockchain and smart contracts has been a great opportunity for new business models to emerge. However, one of the biggest advantages of blockchain is its lack of connection with the outside world., It also proved to be his biggest challenge.

said.

Oracles often provide information about the price of an asset in the DeFi domain. They can also be used to provide real-world information such as sporting events and weather conditions.

Schmidt first served as Google’s CEO from 2001 to 2011, and served as chairman of the board from 2011 to 2015. He also served as chairman of the board of Google’s parent company, Alphabet Inc., from 2015 to 2017. Apart from his duties at Google and Alphabet, Schmidt has served on the Defense Department’s Innovation Board, Chairman of the National Security Artificial Intelligence Commission, and on the boards of Princeton University, Carnegie Mellon University, and Apple.

estimated $23.6 billion wealthy Schmidt will likely consult a crypto firm He will become one of the richest people.

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