The decentralized Oracle network chain chain is working with 24 of the world’s largest financial institutions to review how corporate actions are processed, such as dividends, shares and mergers divisions, in global markets.
Chainlink directed a pilot with Swift, DTCC, Euroclear and six other financial institutions. He took advantage of a combination of his artificial intelligence (AI) based on blockchain to ingest and validate real corporate action events in multiple languages.
That led to the production of unified data containers, known as Golden Records, in almost real time, according to a press release shared with COINDESK.
These records were distributed simultaneously to blockchain networks and inherited systems such as the Swift Interbank Messenger System, significantly reducing manual work and error risk.
The process used a combination of large language models, including the Openai GPT, Gemini of Google and Claude from Anthrope, to extract structured data from unstructured corporate action ads. They were then published as unified gold records in the chain to create a “unique source of truth that all participants can easily access, verify and build”.
Chainlink’s execution environment (CRE) validated the model outputs, while its interoperability protocol (CCIP) transmitted data to blockchains, including Avalanche and the private network of DTCC.
Data attestors cryptographically attests to the results and contributed to the potentially missing data fields. According to Chainlink, the system achieved a data consensus close to 100% in all trial events.
The current system to process corporate actions is expensive. The CITI 2025 asset service report shows that the average corporate action touches 110,000 interactions and costs $ 34 million to process. The global financial industry is now spending approximately $ 58 billion annually in the processing of corporate shares.
