Hassan Maishera
Chainlink announced via a blog post on Tuesday that it has launched the Chainlink Confidential Compute, a service that unlocks private smart contracts on any blockchain.
Chainlink Confidential Compute unlocks a new class of private smart contracts that connect to real-world financial data and Web2 systems and interoperate across blockchains while keeping proprietary data, business logic, external connectivity, and computation fully confidential.
The feature enables onchain value exchange with confidentiality, concealing key transaction details so transactions and market positions remain confidential. Institutions can also monetize and securely distribute their proprietary data onchain, such as benchmark indices, reference rates, and valuations, to approved subscribers.
Chainlink Confidential Compute is powered by the Chainlink Runtime Environment (CRE), which enables the creation of workflows that execute across blockchains and existing systems while connecting to key data, automating compliance policy enforcement, and leveraging private computation.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 3.3% over the past 24 hours and is trading at $14.86 at press time.
