Quantum Data Technologies to Launch Chainlink Node to Bring AI-Based Crypto Price Predictions On-Chain
We are pleased to announce that QDT will be launching our own Chainlink node to make our premium AI analytics and predictions for crypto available to developers building on various smart contract platforms. Chainlink is the industry-leading secure blockchain middleware for getting existing APIs compatible with blockchain networks. Through our Chainlink node, we can broadcast our data and predictive analytics directly onto leading blockchains, as well as cryptographically sign our data to provide on-chain proof that it originated from the QDT API.
Developers will be able to call the QDT Chainlink node to get daily BTC price predictions that have been generated through specialized AI and ML deep learning algorithms. These signals can be leveraged by developers to automate new data-driven smart contract applications on blockchains, particularly useful for institutional traders and investors. For example, developers can create on-chain trading strategies that trade BTC or that rebalance portfolios based on crypto price prediction forecasts. This gives users the ability to make real-time decisions in an automated manner using time-tested signals.
What does QDT’s collaboration with Chainlink mean for the future of Finance?
As mentioned, one of the major challenges faced on the blockchain is the onboarding of off-chain data. While our initial scope is to bring BTC price prediction signals onto the blockchain, the larger vision is to offer our extensive library of off-chain data to smart-contract developers.
Our Data Lake has 150,000+ unique sources from the following categories:
Alternative – e.g. Apple Mobility, Airport Traffic, COVID case and death rate
Bonds – e.g. Treasuries, Government Bonds, Overnight Rate
Commitment of Traders – e.g. Hedge Fund positions, Long/Short, Spreads
Commodities – e.g. Energy, Industrials, Agricultural
Cryptocurrencies – e.g. Bitcoin, Ethereum, Binance Coin
Currencies– e.g. USD, EUR, YEN
Equities – e.g. NYSE, Nasdaq, London Stock Exchange
Fundamentals – e.g. Car Production, Oil Production, Housing Index, Import/Export
Indices – e.g. Equities, Commodities, ETFs
Interest Rates – e.g. Gov, Corp
Macroeconomics – e.g. GDP, Unemployment, Inflation, Gov Debt
News – e.g. Headlines from 170 different news sources (Bloomberg, API Newswire, Thomson Reuters, etc.)
Shipping – e.g. Freight Rates, Vessel Tracking, Vessel Types
Technicals – e.g. Moving Averages, Bollinger Bands, Oscillators
Weather – e.g. Precipitation, Wind, Temperature
Our aim with Chainlink is to make this vast array of data available across the blockchain. Our goal is to dramatically broaden the scope of available data categories and types, and set the stage for huge growth and mainstream adoption of the DeFi ecosystem.