Chainlink recently conducted a pilot program to create an onchain database of corporate actions using artificial intelligence and decentralized oracle technology. The initiative aims to utilize AI, oracles, and blockchain advancements to tackle the challenge of real-time and standardized data on corporate actions. By combining data oracles with large language AI models, Chainlink successfully converted unverifiable off-chain data into digital data accessible in near real-time. This innovative approach addresses the complexities of unstructured corporate action data, typically presented in human-readable formats like PDFs, leading to inefficiencies and high costs for investors and financial institutions. The pilot involved collaborations with leading financial services firms and blockchain networks, demonstrating the potential for operational efficiency and cost reduction. Chainlink's exploration of decentralized oracles in financial markets highlights the growing importance of external data sources in blockchain networks. Read more AI-generated news on: https://app.chaingpt.org/news