What problem does this service solve?

Alethio makes it easier for users to understand the transactional dynamics of the Ethereum blockchain.ChainLink wants to solve the connectivity problem facing smart decentralized applications. By connecting smart contracts to external data resources, many potential use cases for blockchain can be opened up.

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Company Description

Alethio is an Ethereum analytics platform that allows users to access indexed blockchain data in real time. It can be used to gain insights about Ethereum transactions, smart contracts, and DApps. Alethio is a ConsenSys portfolio company.

ChainLink is developing the LINK Network, which will enable connected smart contracts. LINK will provide smart contracts with a variety of external data and access to APIs. ChainLink's goal is to solve the connectivity problem that plagues smart contract based systems, and discourages mass adoption. Many decentralized applications are unable to connect with important external data sources due to limitations involving their consensus protocols. The LINK network wants to connect their smart contracts with external systems and APIs by using secure middleware.

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