Smartcontract.com’s Oracle Kit (https://github.com/oraclekit) is a more decentralized solution to providing your smart contracts with off-chain data and automatic payment to/from existing payment methods like bank accounts. Our solution focuses on allowing smart contract developers to either run their own oracle as part of their Dapp, or send commands to an oracle run by the data/payments provider at the origin.
SWIFT, other large financial institutions and top-tier data providers are already working on how they’ll implement their own oracles for smart contracts to access their services directly. During this presentation/Q&A we’ll examine the new capabilities this gives smart contracts and how smart contract developers can gain access to them. During the evening we’ll look at:
How smart contract developers can run their own oracle to connect with various data feeds and payment methods. The risks and benefits of running your own oracle, using a centralized oracle service, or accessing a provider hosted oracle. How smart contracts will be able to access and use a data provider’s smart oracle.
How smart contracts will be able to access and use a payment provider’s smart oracle.
How HSM based attestation through systems like Intel’s SGX will be able to improve oracle reliability.