Horace Newcomb, PhD, Editor “The most definitive resource on the history of television worldwide.” – Library Journal. With more than 1,000 original ...
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This whitepaper defines an oracle, an authoritative source of data, and explores 6 key uses of oracles, including retrieving reference data and signing data within a transaction. The paper provides a set of considerations for these uses and also explores the different subscription patterns that oracles may provide and users of oracles may adopt. The paper also distinguishes between oracles and smart contracts, while acknowledging that there could be an overlap in the roles they perform. Finally, the paper explains the implications of oracles on existing business models.