zenGate Embrace Chainlink to Enhance Tokenized Real-World Assets

zenGate Global has announced its integration of Chainlink’s decentralized oracle and tokenized real-world asset (RWA) infrastructure. This move aims to enhance the company’s blockchain-based platform for commodities and trade finance by adding on-chain traceability and transparency. By leveraging Chainlink’s cutting-edge technologies alongside Ergo and Cardano blockchains, zenGate aims to improve its tokenization and traceability solution, Winter Protocol. This integration will introduce features such as Proof of Reserve (PoR) and Chainlink Functions, revolutionizing supply chain traceability and promoting openness in trade finance and collateral management. The Palmyra Platform, currently operating in East Africa, India, Indonesia, Sri Lanka, and Nepal, seeks to bridge the $2.5 trillion trade financing and access gap in commodities trade. By integrating Chainlink’s PoR and Functions, zenGate Global can accelerate its tokenized real-world asset projects and expand its platform across multiple blockchains more quickly. Chainlink’s battle-tested infrastructure provides ZenGate with a secure and dependable operating environment, earning the trust of major financial institutions worldwide. With Chainlink’s extensive connectivity, zenGate can connect smart contracts to various devices, systems, and APIs, allowing for the application of complete and dependable blockchain solutions. This integration marks the increasing recognition and use of Chainlink’s technology in the financial and blockchain sectors.