IEXEC starts Oracle Factory, with which everyone can create custom oracles within minutes - press release

IEXEC starts Oracle Factory, with which everyone can create custom oracles within minutes - press release

press release. With the iexec Oracle Factory, developers can only create their own decentralized oracles with the URL and the key of the API.

12. October ns , France, 2021 - iexec , a decentralized marketplace for computer-assets, has the introduction of The iexec oracle factory , a developer interface that enables everyone to create its own oracle from scratch within minutes, without blockchain knowledge.

So that decentralized applications can solve real problems, you must use real word data. Decentralized oracles play a major role in blockchain-based architectures, acting art 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

The user interface of iexec oracle factory was designed in such a way that it is as easy as possible:

  • With the 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.
  • With the Oracle Factory it is not necessary to write a code line or even have a blockchain Knowledge.
  • The oracle can be created directly from the web browser by using the URL of the API 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 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 provide decentralized applications.

Access to the iexec oracle factory here

About iexec

iexec is a blockchain company for computer-average Allows everyone to monetize or rent data records, decentralized applications and computing power. Blockchain is used to use the exchange between interest groups with a maximum of trust and security, without a central authority. iexec has its native utility token, 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.

Further information on iexec and its innovative new Oracle Factory can be found on the main website here .

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Contact details for the media

Contact name: Marianne Negrello (communications manager)

Contact E-Mail: Press@iex.ec

iexec is the source of this content. This press release only serves for information purposes. The information neither represent an investment advice nor an investment offer.


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