Oracle wants to bring blockchain to the masses through a crypto-secure data o...
Could Oracle’s crypto-secure data offering be the new way enterprises leverage blockchain moving forward? While blockchain is known for bringing trust and transparency to multi-party workflows, it can also ensure the immutability of business-critical data. Realizing this potential, technology giant Oracle has announced a crypto-secure data management offering that will be provided as a free feature for Oracle converged database users. Juan Loaiza, executive vice president, Mission-Critical Database Technologies at Oracle, told Cointelegraph that it’s become apparent that customers....
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Public oracle project, Bridge Oracle successfully completed the launch of its mainnet on Tron blockchain on Thursday. The mainnet launch aims to give Tron blockchain users access to implementing real-world decentralized applications, or DApps, by connecting them to off-chain data. Bridge Oracle, a Tron-based public oracle aiming to play a similar role to Chainlink on Ethereum, announced the launch of its mainnet on Thursday through email. Touted as the first-ever public oracle project on Tron’s […]
Oracle provides real-world and real-time data to both digital contracts and distributed ledger technology as these two technologies cannot obtain data for themselves. Blockchain technology and smart contracts are known to be the greatest innovations around the world. But they must rely on oracles to receive data which is sometimes inaccurate. Apart from inaccurate data, […]
Band protocol hopes to bring more data to the decentralized economy with BandChain Phase 2. Band Protocol, the cross-chain data oracle provider, announced Tuesday that its BandChain oracle blockchain is in the process of upgrading to phase 2. According to a press release provided to Cointelegraph, the upgrade — which was first proposed back in June 2021 — will be the first data oracle network to allow providers to supply data to the decentralized economy in this manner.The project hopes to allow for access to more data sources and richer data types for traditional enterprises by....
Hybrid smart contracts will change the world by revolutionizing the legal system that exists today. The era of unintelligible contracts written in legalese by lawyers in $2,000 suits with degrees from Ivy League schools is over. The contracts of the next century will be hybrid smart contracts, written in code by programmers wearing $20 hoodies and living in their NYC-shared apartment.What is a hybrid smart contract?Smart contracts are self-enforcing contracts, written in code and executed by the blockchain. These smart contracts are great at sending and receiving money, and doing simple....
Decentralized oracles are specially created to achieve deterministic results that rely on cause and effect in comparison to an individual relationship. A decentralized oracle solves security issues by providing a trusted and reliable system. More so, it bridges the gap between blockchain smart contracts and external data sources by applying the traditional method of using API to fetch data. They obtain data from the most trusted sources and deliver it to the user through the blockchain and external data sources. The Plugin is the agnostic decentralized oracle. It offers a cost-effective....