Chainlink announced via Twitter on Friday that Backed has integrated the Chainlink Proof of Reserves. Backed is a platform with fully-backed, tokenized real-world assets. The Chainlink Proof of Reserves was integrated to help increase the transparency of bTokens, Backed’s tokenized real-world assets that are backed 1:1.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by more than 1% over the past 24 hours and is trading at $5.924 at press time.