Chainlink intends to address the oracle problem, a flaw in blockchain networks that prohibits them from connecting to off-chain data resources. Chainlink enables blockchains to safely communicate with external data feeds, events, and payment mechanisms via a decentralized oracle network, delivering the vital off-chain information required by complicated smart contracts to become the dominant form of digital agreement.

A huge open-source community of data producers, node operators, smart contract developers, researchers, security auditors, and others power the Chainlink Network. The company is focused on guaranteeing that all node operators and users that want to contribute to the network have decentralized participation.