Poundtoken Integrating Chainlink PoR to Secure GBPT Minting Poundtoken recently announced integrating Chainlink PoR (Proof of Reserve.) The integration will help the platform secure GBPT minting and enhance collateral transparency throughout its ecosystem. It will also enable real-time visibility of the GBPT reserves regulated in the British Isles. The leading decentralized oracle network will propose an automated workflow to ensure GBPT’s circulating supply does not cross the off-chain fiat reserves held by custodians. It facilitates real-time reserve data on-chain via an API connection to the custodians. The bank data is stored, retrieved, and showcased on-chain frequently whenever GBPT is redeemed
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Author: coinmaker