Golden Finance reports that data provider Chainlink (LINK) announced on Monday the launch of an initiative with major financial market participants such as Euroclear, Swift, and Franklin Templeton to leverage artificial intelligence and blockchain technology to make corporate action data more accessible and standardized. The project aims to address the long-standing challenges in the financial sector. According to Chainlink's report, there is a lack of standardization and real-time data on corporate actions such as mergers, dividends, and stock splits, which are quite fragmented in markets like Europe. Automating and standardizing this information can help significantly reduce operational inefficiencies. Currently, operational inefficiencies caused by errors and manual data processing result in millions of dollars in losses for companies each year, and investors typically rely on this data.