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Saudi Awwal Bank Partners with Chainlink to Advance On-Chain Finance

The collaboration will utilize Chainlink’s CCIP and runtime environment to support next-generation blockchain-based financial applications in Saudi Arabia.

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Summary

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Terms & Concepts
  • Cross-Chain Interoperability Protocol (CCIP): A Chainlink protocol enabling secure data and asset transfers across different blockchain networks.
  • On-Chain Finance: Financial services and transactions executed directly on blockchain networks without intermediaries.
  • Runtime Environment: An execution framework provided by Chainlink for building and deploying decentralized applications.