Altcoins News

Story: Infosys Partners with Chainlink to Connect 1.7 Billion Bank Accounts to Blockchain

By Steven Anderson

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What Chainlink Is Bringing to the Table. Four technologies got named in Chainlink's announcement.

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Chainlink's Institutional Push Keeps Growing. The Infosys deal fits a pattern Chainlink has been building for two years.

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Why This Deal Actually Matters. The shift happening here isn't subtle. A few years ago, blockchain pilots were basically science…

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Chainlink just landed one of its biggest institutional partners yet. Infosys, the Indian IT giant with over $40 billion in market value, is joining forces with Chainlink to push…

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The deal isn't small. Infosys supports critical banking and payments infrastructure for more than 1.7 billion customer accounts worldwide.

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Four technologies got named in Chainlink's announcement. The Cross-Chain Interoperability Protocol — CCIP — is probably the headline one, letting different blockchains talk to…

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What Infosys will actually do with each of those tools wasn't spelled out. The announcement listed them, but the specific use cases stayed vague.

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Infosys isn't new to any of this. Its Finacle banking software already runs on distributed ledger technology and supports Ethereum, R3-Corda, and Hyperledger.

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The Infosys deal fits a pattern Chainlink has been building for two years. The company locked in a collaboration with Mastercard on card-to-onchain rails.

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And it's not just Chainlink moving in this direction. Accenture — one of Infosys's direct competitors — has previously partnered with Chainlink too.

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See also: Bitcoin ETFs Soar with Nearly $1 Billion in Inflows as Price Surpasses $86,000

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Infosys's blockchain work goes beyond banking, too. The company has used the technology for pharmaceutical supply chain tracking, healthcare provider data management, and…

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For Chainlink's token holders and the broader DeFi ecosystem, that matters. Every institutional deal that standardizes Chainlink's tech across a major financial platform makes…

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Infosys's size also changes the math. This isn't a regional bank running a pilot. Infosys is deeply embedded in global financial infrastructure.

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Related: $18.1 Billion Bitcoin and Ethereum Options Expire, Market Leans Bullish

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