Polkadot & Kusama ecosystem projects directory
Polkadot & Kusama ecosystem projects directory

Hazel

Oracle
Add to Watchlist
About
We expect to provide a data-driven prediction service based on the “asset-backed events” and a data-correction mechanism based on fact checking. The oracle machine could resolve fundamental problems about trusted source of data of blockchain through the mechanism of market arbitrage.

As an objective measurement of value, price is an important basic component for realizing value exchange. With the rapid development of blockchain, whether value can be exchanged at low cost safely and efficiently has become a core standard for measuring the application value of blockchain. Therefore, as it were, the measurement of application value of blockchain is inseparable from the objective measurement of assets on any chain.

Since the applications on the blockchain network are operated based on smart contracts, it is impossible to directly access true and trustworthy information outside the blockchain. Hazel intends to establish a mapping relationship on price of facts through the pledging of assets. This price-fact mapping relationship will serve as an important basis for triggering smart contracts.
Links:   Whitepaper 
Status
Announced
Testing
In Auction On Polkadot
Auction
polkadot
Polkadot
Are you project representative? Contact Us to update info
News
Oct 11, 2021 at 08:44 UTC
Jan 19, 2021 at 02:31 UTC