Smart Contracts Get a Big Upgrade with Chainlink's New Tool
Chainlink has introduced a new tool called the Chainlink Runtime Environment (CRE). This tool is designed to help big companies use smart contracts on different blockchains. It makes it easier for them to follow rules, keep data private, and connect with other systems.
CRE Unveiled at SmartCon
CRE was shown off at a big event called SmartCon. It's part of Chainlink's plan to become an important part of the financial world's move to blockchain technology. The tool is seen as a big deal for turning things like stocks and bonds into digital tokens. Big names like Swift, Euroclear, UBS, and Mastercard are already using it.
Key Features of CRE
CRE is different from other tools because it lets developers write smart contracts that work on many blockchains at once. It also:
- Connects with old financial systems
- Helps companies follow the rules
- Gives access to other Chainlink services like price feeds and proof-of-reserve systems
Real-World Applications
Some big companies are already using CRE. For example:
- JPMorgan's Kinexys and Ondo used it to settle a deal across different blockchains.
- UBS Tokenize and DigiFT used it for the first time to turn a fund into a token and redeem it on the blockchain.
Sergey Nazarov's Insights
Chainlink's co-founder, Sergey Nazarov, said that smart contracts have become more complex. They need to work across different chains and connect with other systems. Before CRE, it could take months or even years to get these contracts right. But now, with CRE, it can be done in just weeks or days.
Future Plans
Chainlink plans to add more privacy features to CRE in early 2026. These features will help companies keep their secret data safe. CRE is now available on multiple blockchains and is open to developers.
