Tezos (XTZ) has been exhibiting increased utility.  Several developers have reported different products on the open-source Tezos project.

Vertalo, Digital Transfer Agent, is helping to tokenize $300 million in real estate.  The project is executed through a multi-firm partnership and focuses on executing the groundwork for a steady stream of real estate tokenization projects. Tezos blockchain will be used to tokenize the real estate.

Cryptonomic Tech have worked out their projects on the Tezos Blockchain.  They have put together a handbook with a 20-minute quickstart and a FA1.2. guide, and are working on adding more content soon.

The tZERO Digital Securities Protocol are now supporting Tezos.  Noursalehi, CEO, stated that they have multiple issuers in the pipeline like Alliance Investments’ River Plaza STO and others who have expressed interest in leveraging the Tezos Blockchain.

Sydney Ifergan, the crypto expert, tweeted: “Tezos (XTZ) have been encouraging the projects of their community. Being community-centric, Tezos is about the power of decentralization.  Their growth level by the proliferation of community projects is visible.”

A new mobile wallet for Tezos called Phoenix is set to launch on Both Android and iOS, and it is set to support the FA1.2 token standard, further will support FA2 when ready. They are nearing completion, and the beta testing will begin in a few weeks.

Tezos – OrO node

The OrO node is built with the tools from the Tezos community.  The OrO node has a configurable adapter, which facilitates feeding different data types from the off-chain endpoints.  The OrO node documentation on GitHub makes it clear for users to provide for basic use cases like weather, currency, and stock prices on smart contracts.

Tezsure tweeted:  “We’re excited to share the pre-alpha open-source code of OrO. By building a decentralized oracle network, we are opening the doors for more DeFi and dApp development on Tezos. We have developed a simple Oracle node to make off-chain data available to #Tezos smart contracts.”

For those who are not willing to write template contracts, more of sample contracts will be made available.  Several sample contracts are already available.

The pre-alpha OrO node will evolve into a decentralized oracle network.  Developers are working on this, and they are likely to share more information as updates happen.

For those who are looking to build an Oracle on Tezos with OrO, there is an article on how to build BTC/USD Oracle with OrO.

The network architecture design they state is worked on to be Sybil resistant.