Thursday, August 05, 2021 9:25:01 AM
"...Swisscom is joining Chainlink, the world’s largest oracle network, as part of a pilot initiative. The Chainlink network provides important data for what are known as decentralised financial applications (DeFi), through which transactions worth several billion US dollars are now processed daily, such as on Aave and Uniswap. The rapid growth of this market is giving rise to new types of value chains and business models that could also gain relevance for the Swiss financial market..."
The role of oracle nodes:
Many of today’s blockchain applications (smart contracts) often require off-chain data, such as price data for a financial contract or weather information for an insurance policy. Oracle nodes continuously feed this data into the Chainlink network, where it is merged and made available in aggregated form for blockchain applications. Since the data originates from many different oracle nodes, the Chainlink network is very robustly secured against failures and issues with individual oracle nodes.
https://www.swisscom.ch/en/magazine/new-technologies/swisscom-to-become-part-of-the-worlds-largest-oracle-network/
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