**Chainlink Pilots AI-Driven On-Chain Database for Corporate Actions**

Chainlink has launched a pilot project to create an on-chain database for corporate actions using artificial intelligence (AI) and decentralized oracle technology. The initiative aims to tackle the lack of real-time, standardized data on corporate events like mergers and stock splits.

By combining AI and oracles, Chainlink can autonomously convert unstructured off-chain data into digital formats, making it available in near real-time. This could save investors, brokers, and custodians millions annually by reducing manual data processing.

The pilot involved financial giants like Franklin Templeton and UBS, along with blockchain networks such as Avalanche and zkSync. Mark Garabedian from Wellington Management highlighted the potential for significant operational efficiency and cost savings.

Chainlink continues to explore how oracles can benefit institutional financial markets, recently partnering with Taurus to enhance tokenized asset adoption and with 21.co to improve Bitcoin wrapper transparency.