[Chainlink Build welcomes Web3Shield to promote on-chain insurance adoption]
Web3Shield, a leader in insurance, privacy and security protocols, recently announced its participation in Chainlink’s Build program to promote the application of on-chain insurance. Through the Chainlink oracle service and the Cross-Chain Interoperability Protocol (CCIP), Web3Shield can improve its technology and security and support the operation of cross-chain insurance products.
The Chainlink Build program aims to provide technical support and product launch opportunities for new startups. Web3Shield's participation symbolizes an important step in its on-chain insurance and Web3 service industries. Web3Shield uses Chainlink’s CCIP technology to enable cross-chain transfer of its native token SHLD, further promoting its multi-chain insurance products.
Web3Shield's goal is to provide simple and easy-to-use on-chain insurance products to protect cross-chain transactions and ensure the tokenization of physical assets. Through the Chainlink oracle network, the protocol’s security is enhanced and suspicious activity can be continuously tracked.
Founder Ritam Gupta said that participating in the Chainlink Build program will further enhance its ability to provide safe insurance products while promoting the stability and growth of the decentralized ecosystem.
In addition, Chainlink continues to expand its influence in industries such as gaming, DeFi and traditional finance. Sony-related Soneium, Aave Labs, ANZ Bank and Citibank have all integrated its technology to promote the application and development of Web3.