Why do you need Oracles for your Smart Contracts?

Starting with the share on the importance of data in smart contracts I proceed to cover oracles – what are they, their need and some categories of oracles. I talk about the Oracle problem and how it is being addressed – taking ChainLink and TownCrier examples.

Welcome to the Blockchain Hustle where I take a look at some interesting plays of how blockchain technology is opening up new business vistas across multiple industries.

TIME STAMPED SHOW NOTES:

[00.17]            Introduction

[00.36]            Data triggers in smart contracts

[01.26]            Internal and External data triggers

[02.08]            What are Oracles

[02.31]            Why do you need Oracles

[03.58]            Hardware and software based oracles

[04.31]            Oracle problem

[05.01]            Examples to address Oracle problem – ChainLink, TownCrier

[07.05]            Summary

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LinkedIn http://sg.linkedin.com/in/meenusarin | Twitter @meenusarin |

Email meenu@vlsiconsultancy.com|

Website www.vlsiconsultancy.com | Blog http://www.vlsiconsultancy.com/newblog

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