Oracles and External Data Integration: Analyzing oracle solutions for integrating external data (e.g., real-world events) into blockchain-based smart contracts and applications

Authors

  • Dr. Wai-Keung Wong Professor of Computer Science, The Chinese University of Hong Kong (CUHK), Hong Kong Author

Keywords:

Oracles, Challenges

Abstract

Oracles play a crucial role in bridging the gap between blockchain-based smart contracts and real-world data. This paper provides a comprehensive analysis of oracle solutions for integrating external data into blockchain applications. We discuss the importance of oracles, their types, challenges, and best practices for secure and reliable data integration. Case studies and examples highlight the practical applications of oracles in various industries. Finally, we explore future directions and potential advancements in oracle technology.

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References

Tatineni, Sumanth. "Exploring the Challenges and Prospects in Data Science and Information Professions." International Journal of Management (IJM) 12.2 (2021): 1009-1014.

Gudala, Leeladhar, Mahammad Shaik, and Srinivasan Venkataramanan. "Leveraging Machine Learning for Enhanced Threat Detection and Response in Zero Trust Security Frameworks: An Exploration of Real-Time Anomaly Identification and Adaptive Mitigation Strategies." Journal of Artificial Intelligence Research 1.2 (2021): 19-45.

Tatineni, Sumanth. "Compliance and Audit Challenges in DevOps: A Security Perspective." International Research Journal of Modernization in Engineering Technology and Science 5.10 (2023): 1306-1316.

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Published

30-06-2023

How to Cite

[1]
Dr. Wai-Keung Wong, “Oracles and External Data Integration: Analyzing oracle solutions for integrating external data (e.g., real-world events) into blockchain-based smart contracts and applications”, J. of Artificial Int. Research and App., vol. 3, no. 1, pp. 1–8, Jun. 2023, Accessed: Dec. 23, 2024. [Online]. Available: https://aimlstudies.co.uk/index.php/jaira/article/view/80

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