ConfluxChain, a "Scalable, Secure, and Decentralized POW Public Blockchain for the Global Adoption of DApps" has formed a strategic partnership with Chainlink to use smart contracts for off-chain data feeds, APIs, and traditional payments through the use of oracles.

At first glance, this appears to be just another small partnership in the long line of startups investing in the advantages smart contracts via chainlink offers, but there is more to this partnership, particularly in it's investors. The negative view the Chinese government has held towards cryptocurrency has been dropped, and many major investors are capitalizing on the first-mover advantage offered by this.

Conflux has been invested in by the Shanghai government, to the tune of millions of dollars, to assist in development through a research institute; though the Shanghai Science and Technology Committee declined to name any specific numbers or a timeline. It is, however, still a fairly safe investment from this point in time, backers for the project include prestigious names such as Huobi, and Sequoia China, who provided a great deal of their funding via their private token sale.

This is most likely a decent long term investment, but like many in the smart contract ecosystem, it depends on what scale is reached in terms of mass-adoption as an economically viable framework.


Of course, nothing I say should be considered investment advice. DYOR!