Decentralized Oracle Networks and Blockchains have distinctly different but very complementary goals. Blockchains create immutable on-chain state and computations, while oracle networks provide them with key off-chain inputs, without creating a blockchain.

Leading cryptocurrency intelligence company CipherTrace is using #chainlink to release CipherTrace DeFi Compli: a compliance solution enabling DEXs and other DeFi applications to abide by Office of Foreign Assets Control (OFAC) sanctions requirements. As part of its #defi solution, CipherTrace has launched a DeFi compliance oracle service on Chainlink to make relevant compliance data available directly on-chain for easy integration with existing DeFi frameworks.