The CEO of Google until 2011 Eric Schmidt, who later served as executive chair at the tech company and its parent firm Alphabet, has joined Chainlink Labs as a strategic advisor.
Chainlink said that Schmidt would guide the firm’s scaling strategy in its use of oracle networks to trigger smart contracts. Chainlink co-founder Sergey Nazarov mentioned Schmidt’s experience “building global software platforms for next-generation innovation” which led to the firm’s decision to bring him onboard.
In addition to his time at Google and Alphabet, Schmidt was chair of the Department of Defense’s Innovation board and chair of the National Security Commission on Artificial Intelligence, and served on the boards of Apple, Princeton University, Carnegie Mellon University, and the Mayo Clinic. With an estimated net worth of roughly $23.6 billion, Schmidt will likely be one of the wealthiest individuals acting as an advisor to a crypto firm.
Earlier this year, Chainlink announced its Cross-Chain Interoperability Protocol capable of using the platform’s oracles to enable users to move digital assets and execute smart contracts across the various chains used throughout the metaverse.
