Chainlink has announced a major upgrade to its platform with the introduction of the Chainlink Runtime Environment (CRE), which aims to enhance the capabilities of developers by providing a modular, self-serve, and scalable architecture. This upgrade breaks down the Chainlink node software into distinct, reusable, and independently secured modular capabilities, enabling developers to create customized workflows that run across multiple blockchains without being confined to specific chains or offchain resources. The CRE facilitates the orchestration and execution of these workflows, empowering developers to build applications with greater speed, flexibility, and reach, while maintaining the security and reliability that Chainlink is known for. This evolution towards a modular platform is designed to support the increasing demand from capital markets and Web3, enabling the integration of traditional financial systems with blockchain technology and expanding the range of possible use cases for decentralized applications. The phased rollout of the upgraded platform ensures that existing services continue to function seamlessly, with the potential to hyper-scale Chainlink across thousands of blockchains and unlock new opportunities for innovation in the industry.