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Federated oracles is the answer you are seeking. Essentially build systems to quantify reputation and provide rewards for those that publish data of interest in
by meowkit 6y ago
Federated oracles is the answer you are seeking. Essentially build systems to quantify reputation and provide rewards for those that publish data of interest in a manner that can be driven via consensus or through interfacing with an agreed upon central authority prior to a contract. You don’t “trust” the oracles you make them compete and avoid malicious actions.
You are focused on off-chain interactions for smart contracts. The infrastructure is not there yet I’m afraid, but there is steady progress. I believe Taiwan is working on IoT infastructure for publishing high resolution air quality data by having individuals set up sensing nodes that gather the data and publish it. Not sure if there is any DLT involvement, but no reason there couldn’t be.
On chain contracts have lots of use cases in the meantime.
- hn_throwaway_99 6y ago> On chain contracts have lots of use cases in the meantime. Thanks for responding. Can you suggest a starting point for learning more about what these use cases are, because I'm still struggling to understand what those would be. When I try searching for things like "uses for smart contracts" I'm pointed to things like this page, https://corporatefinanceinstitute.com/resources/knowledge/deals/smart-contracts/ https://corporatefinanceinstitute.com/resources/knowledge/de..., which honestly is a bunch of pie-in-the-sky bullshit that is not actually technically feasible at present.