Chainlink Labs Hires Diem CTO Dahlia Malkhi to Lead Research

Malkhi was an integral executive at the now-shuttered stablecoin project.

Chainlink Labs on Tuesday hired former Diem executive Dahlia Malkhi to help support the growth of the data oracle network.

Malkhi becomes chief research officer following her stint as chief technology officer of the Diem Association, the Facebook-backed stablecoin project that wound down earlier this year.

Chainlink is a data oracle network that distributes information like price quotes and even the weather across blockchains. Chainlink Labs is a corporation building that network.

The hire continues a talent exodus from the Diem Association, started by Facebook in 2019 as Libra, and recently sold to Silvergate Bank amid its shut down. Chainlink has been aggressively hiring executives, such as Diem’s co-founder Christian Catalini and ex-Google CEO Eric Schmidt.

In a press statement, Chainlink Labs CEO Sergey Nazarov said Malkhi’s expertise on consensus mechanisms for blockchain networks made her “an ideal addition.”

Mike Derezin, a former vice president of Learning Solutions at LinkedIn, became Chainlink Lab’s chief operations officer late last year, a press release said.

Read this article on CoinDesk

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