SmartContract is the company at the heart of the Chainlink project. The company founded the initiative in September of 2014, with CTO Steve Ellis and CEO Sergey Nazarov being the key players in the project’s development strategy.
Sergey Nazarov is a well-known serial entrepreneur in the crypto space, and one of the originators in the crypto environment pre-2011. Before founding SmartContract, he started the Secure Asset Exchange, as well as the CryptoMail.
Steve Ellis, the CTO, worked as a software engineer at Pivotal Labs, and he spent a large portion of his career working with Sergey on various projects, including the Secure Asset Exchange.
Chainlink understands the importance of having a solid team behind the company. The company’s advisory includes the professor of Computer Science at Cornell Tech, Ari Juels, as well as the co-director of IC3, Andrew Miller, who’s an advisor to Tezos and ZCash. Let’s not forget other legends in the space like Brian Lio, the CEO of Smith+Crown, as well as plenty of other heavy-hitters in the crypto space.
The Chainlink ICO launched in September 2017, netting $32-million in seed funding for the platform. The ICO included the distribution of 350-million LINK tokens, forming 35% of the total 1-billion LINK token supply. The distribution of LINK token is the ICO went with 350-million tokens (35%) sold in a crowd sale.
350-million tokens went to developers, and 30-million LINK tokens went into the company for reserve cash holdings.
Chainlink also has several impressive partners in the commercial and business space. SWIFT (Society for Worldwide Interbank Financial Telecommunication) is the most notable partner in the blockchain venture. The organization looks to aid with infrastructure to form the backbone of the international payments network.
Zepelin_os is an example of another high-value partner involved in the development of smart contracts. Another partner, which is an operating system for developing smart contracts. Chainlink also has partnership agreements with exchanges like Request Network and Signal Capital in London.