Chainlink Labs, a leading blockchain oracle provider, has landed Eric Schmidt, one of the most experienced and successful executives in tech, as a strategic advisor. Schmidt, who led Google and its parent company, Alphabet, for more than a decade, will lead the burgeoning blockchain company in growth and development to make it into a crypto mainstay. Created in 2017, Chainlink's decentralized oracle network is an open-source technology infrastructure that connects on-chain data and off-chain smart contracts; the Chainlink Network is responsible for triggering and securing more than $80 billion worth of value across numerous leading blockchains.
Schmidt joined Google in 2001, after co-founders Larry Page and Sergey Brin shared a Burning Man experience with the then-46-year-old executive. He led the company during its transformation from search engine startup to one of the most important technology companies of all-time, imparting strong business structure while overseeing major victories. Under his leadership, the company launched popular product offerings like Gmail, Google Maps, Chrome, Adsense, and Fiber, and acquired key technologies and services like YouTube and Android. Schmidt considers Chainlink a “secret ingredient to unlocking the potential of smart contract platforms,” and hopes to help the company lead the global blockchain revolution.