SmartContract.com Rolls Out Smart Oracles Platform, Connecting the Ethereum and Bitcoin Blockchains to the World’s Traditional Data and Financial Infrastructure

default
ADVERTISEMENTSglobal
Token Agency
Blockchain Expo North America 2019

Share with:


The largest upfront cost of implementing a smart contract is connecting cryptographically secured smart contract networks to traditional data and financial infrastructure that isn’t cryptographically secured – but where most global commerce currently takes place. Approximately 70 per cent of development time in Blockchain proof-of-concepts currently goes towards connecting existing data sources, internal IT systems and traditional bank payments with cryptographically secured smart contract networks.

advertisementToken Agency

Smart Oracles from SmartContract.com greatly simplifies creating this critical connectivity between leading smart contract networks (Bitcoin and Ethereum) and the existing infrastructure which smart contracts will need to receive commands from, making ongoing updates to, and rely on, to send traditional bank payments.

The Smart Oracles platform recently released by SmartContract.com currently supports the Ethereum and Bitcoin Blockchains, with Ethereum smart contracts for Insurance and Derivatives already successfully releasing Bitcoin based on their assessment of external data feeds.

As part of their commitment to supporting smart contract developers they have also released a series of Free Public Oracles that provide common data feeds to any Ethereum smart contract. The public oracles greatly reduce the development time of smart contracts that utilize their specific data feeds and provide an initial demonstration of the types of smart oracle which can be created in less than 15 minutes on SmartContract.com.

More Free Public Oracles are planned and they are excited to hear requests or suggestions as they continue to collaborate closely with multiple high quality data providers.

Below are three of the first initial Free Public Oracles, available for immediate use.

  1. US Federal Funds Rate Oracle
  2. Bitcoin to USD Price Oracle
  3. Ether to USD Price Oracle

“Easily connecting smart contracts to the data sources, internal services and bank payment methods desired by users is the next step in making them truly useful for real world use cases,” stated Sergey Nazarov CEO, SmartContract.com

SmartContract.com has been a leader in Blockchain-based application development since 2014 and was selected by the World Economic Forum as “The Shift in Action” for Blockchain technology in late 2015 (please see attached). Based in San Francisco and funded by top-tier venture capital firm Data Collective, SmartContract.com’s team is committed to accelerating the use of smart contracts as a key building block for the trustless commerce revolution currently underway.

We believe that smart contracts which can interact with the external world are an essential building block for the trustless commerce revolution which is on track to provide the security, trust and transparency needed for our global financial system to function as it was meant to.

Share with:


About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles
advertisements
Blockchain Partners

Token Agency
global
Tymlez
Blockchain Expo North America 2019
trusted in trading

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.