Altcoins News

Story: ChainLink Labs Chief Scientist Dr. Ari Jules on How DECO will Help Chainlink Oracles

By Steven Anderson

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ChainLink (LINK) Integrations

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Chainlink Labs Chief Scientist Dr. Ari Jules, recently gave a SmartCoin Keynote.  In the note, he has explained how DECO will help Chainlink oracles, thus liberating more…

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Reportedly, the Data will include identity records, financial data, accredited investor confirmation, supply chain logistics, and lot more.

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By using DECO it will be possible to make the data available on-chain permitting blockchains to improve the many enterprise use cases without breaching data confidentiality.

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He stated that a three-party handshake will split the shared TLS session key between the provers and the verifiers and that the prover will be using a zero-knowledge proof to…

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Thus, the prover will not be able to forge data.  The verifier will not be able to access additional data.

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It is worth watching the concerned You Tube Video as it covers several details like, “What is the problem DECO is trying to solve, Establishing secure channels via TLS, The…

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Sydney Ifergan, the crypto expert opined:  “ChainLink with their decentralized oracle network are already doing a great job.  The DECO presentation promises more about LINK.”

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Further, a lot happening about the idea of definitive truth.

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Sergey Nazarov at the SmartCon spoke about how blockchains, smart contracts and oracles can work together to create entirely new levels of definitive truth.

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Blockchain card game EtherLegends will use ChainlinkVRF to power their random distribution of NFT-backed end-of-season rewards.

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Opium Network are using Chainlink's USDT/USD Price Reference Data live on mainnet to launch the first credit default swap on a centralized stablecoin USDT.

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Social reputation score provider DecentrNet is integrating #Chainlink to allow users to share their data in #DeFi dApps to obtain better interest & collateralization rates.

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