iexec introduces Oracle Factory, with which everyone can create custom oracles within minutes
iexec introduces Oracle Factory, with which everyone can create custom oracles within minutes
[Press Release - Please Read Disclaimer]
12. October, Lyon, France, 2021- Iexec , a decentralized marketplace for computing-assets, has announced the introduction of the iexec oracle factory Developer interface that enables everyone to create their own oracles from scratch within minutes without blockchain knowledge and directly via their browser.
So that decentralized applications can solve real problems, you must use real data. Decentralized oracles play an important role in blockchain-based architectures and act as bridges between blockchains and the real world. However, developers who want to create their own oracles require existing blockchain knowledge, and it can take hours to program them from scratch.
iexec publishes the iexec Oracle Factory and makes oracles accessible to everyone. The iexec Oracle Factory is an interface with which everyone can create their own decentralized oracles with just a few clicks. The IEXEC Oracle Factory enables a whole range of blockchain applications and enables developers to provide oracle from all types of data: from sports results to NFT prices, from temperatures to airplans.
Create custom, trustworthy oracles in minutes
Several companies today offer ready -to -use decentralized oracles. With his Oracle Factory, IEXEC aims to cover the need for custom oracles and offers a tool with which everyone can create not only their own but also trustworthy oracles.
The user interface of iexec Oracle Factory was designed in such a way that it is as easy as possible to use:
● With Oracle Factory it only takes 5 minutes and a few clicks to create a custom oracle. Usually it takes 1 or 2 hours to create an oracle from scratch.
● When using the Oracle Factory, it is not necessary to write a code line or to have blockchain knowledge.
● The oracle can be created directly via the web browser by using the URL from which the data must be extracted (together with the private API key, if the API is not public).
In addition to the creation of an oracle in a few minutes, the IEXEC Oracle Factory enables "trustworthy" oracle using the Trusted Execution Environments (tea) technology. TEE technology uses hardware enclaves to protect the API key and the collected data and ensure that they remain confidential, safe and manipulated. With the Oracle Factory, IEXEC aims to make tea technology accessible to everyone and at the same time create an oracle.
After the creation, users have the option of sharing their custom oracles with the community by adding them to the iexec Oracle Factory Gallery. This Oracle Factory Gallery lists the oracles created within the interface and makes it accessible to other users and developers. The iexec Oracle Factory also offers ready -to -use preset oracles as examples of the community.
Today, iexec publishes the beta version of the Oracle Factory. There will be several upgrades of the product to take up more technical functions that enable developers to quickly implement intelligent contracts and to provide decentralized applications.
Access to the iexec oracle factory here.
about iexec
iexec is a blockchain company that provides a decentralized marketplace for computer assets, which enables everyone to monetize or rent data records, decentralized applications and computing power. Blockchain is used to organize the exchange between those involved with maximum trust and security without a central authority. Iexec has its native utility tokens, the RLC, which is used as a payment method on the marketplace. The RLC token is listed on over 40 exchanges, including the most important: Coinbase, Binance, Bithumb, Huobi and more. In addition, the company works with renowned partners such as Intel, Google Cloud and IBM Cloud.