Data provider Chainlink (LINK) has launched a new initiative in collaboration with major participants in the financial market, including Euroclear, Swift, and Franklin Templeton. This initiative aims to utilize artificial intelligence (AI) and blockchain technology to facilitate the acquisition and standardization of corporate action data. The project is intended to address a long-standing challenge in the financial sector, namely the lack of standardized and real-time corporate action data, such as information on mergers, dividends, and stock splits, in a market that is very fragmented, especially in regions like Europe. By automating and standardizing this information, significant reductions can be achieved in operational inefficiencies caused by errors and manual data processing, which result in millions of dollars in losses for companies each year, while this data is also commonly used by investors. The first phase of the plan will focus on processing corporate action data for equity and fixed-income securities in six European countries. Chainlink will connect decentralized oracles with large language models (LLM) to extract corporate action data from various sources and convert it into structured formats such as the globally accepted financial standards ISO 20022 and Securities Market Practice Group's 'Golden Records', and then use Chainlink's Cross-Chain Interoperability Protocol (CCIP) to publish and distribute this data across different blockchains.