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Oracles

Overview

An oracle, in the context of blockchains and smart contracts, is an agent that finds and verifies real-world occurrences and submits this information to a blockchain to be used by smart contracts.

Examples are:

  • Oraclize.it
  • ChainLink

Oraclize.it

Smart contracts live like in a walled garden, they cannot fetch external data on their own. Oraclize helps by acting as a data carrier, a reliable connection between Web APIs and your Dapp.

Resources

ChainLink is blockchain middleware that allows smart contracts to access key off-chain resources like data feeds, various web APIs, and traditional bank account payments.

Resources