BlockOne IQ, currently in beta testing, can be inserted into a chain and called upon by participants to verify certain data, like how an API is used to update rates in a transaction. It will be able to provide both current and historical data. Since a blockchain cannot access data outside of it, an oracle is needed to push external data that may not be baked into smart contracts because these fluctuate.
When participants need to either update or verify values in a smart contract – the current L
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails