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Author Topic: [2016-9-15] Hardware Oracles: bridging the Real World to the Blockchain  (Read 200 times)
newsatbravenewcoin
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September 15, 2016, 01:24:56 AM
 #1

Blockchain applications live in their own digital realm, totally orthogonal to the “meat space” also known as the Real World™. Be it decentralized application or smart contracts, their reach is limited to the space they can control. Any use case projection in our reality eventually confronts the following hard fact: how can an app efficiently and securely interact with the physical world?

http://bravenewcoin.com/news/hardware-oracles-bridging-the-real-world-to-the-blockchain/
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September 15, 2016, 05:54:14 AM
 #2

And that's just the first step. I know there will be more innovations to make the blockchain technology more relevant to the real world -  hence a mass adoption Grin

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Karartma1
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September 15, 2016, 06:27:19 AM
 #3

A quote from the article:
Quote
There are some technical pros and cons for such an implementation, but the major issue is that you need to trust the source of information.

Weren't we here to allow a trustless environment? What is this attempt to have a "trusted third party" back in the game?

I use bitcoin because I know that my tx will be accepted regardless who/what confirms it.



I am not interested in preserving the status quo; I want to overthrow it. Niccolò Machiavelli
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