Commissioner Jaime E. Lizarraga pointed out that during times of market stress, such as the Kovid pandemic, delayed data can impair investor decision-making. The SEC is focused on improving the regulatory framework to provide faster access to this critical financial information.<\/p>\n
A potential solution to this problem<\/strong><\/a> lies in blockchain oracles, such as those provided by Chainlink<\/a><\/strong>. These oracles serve as intermediaries that connect the blockchain to external data sources, allowing smart contracts to be executed based on real-world input. Using decentralized oracle networks (DONs), blockchain<\/strong><\/a> systems can securely retrieve, verify, and transmit external data, ensuring that it remains tamper-proof. This technology has already been successfully deployed in decentralized financial applications (DeFi) where real-time data feeds are critical.<\/p>\n Chainlink’s partnerships with financial institutions such as Fidelity International and Sygnum have demonstrated the ability to input net asset value (NAV) data into the chain, offering real-time transparency and accessibility to fund portfolio data.<\/p>\n