Tozex Smart Oracle: Innovation at Its Best
Meet one more piece of Tozex platform architecture that will never leave you cold.

A smart oracle is a smart contract that interacts with an external source of data outside the blockchain network, providing the information needed by the smart contract to process internal actions or verifications. In this way, smart contracts can interact with the real world.

There are different types of smart oracles on the market, and each one depends on the availability, accuracy, and security of the external data provider. Sometimes, it is fine to rely on a single data provider because it has responsibility for the integrity of the provided data and a single source of truth.

More and more institutions are looking into making their data smart-contract-compatible to share it in a distributed way.

With our decentralized stochastic order book, any external system can be connected to Tozex to consult deep market and real-time information (market capitalization, trading volume, etc.).

Smart oracles take the concept of oracles a step further by placing the external code execution in the oracles’ hands, considering it a trustless source of information.

See more at https://tozex.io/
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['Fintech', 'Smart Contracts', 'Blockchain', 'Small Business']