Watch / Complementing DApps with Trusted Computing: The Challenge of Designing Rock Solid Oracles

Complementing DApps with Trusted Computing: The Challenge of Designing Rock Solid Oracles

  • YouTube
  • IPFS
  • Swarm
  • Details

Complementing DApps with Trusted Computing: The Challenge of Designing Rock Solid Oracles

Duration: 00:26:09

Speaker: Thomas Bertani

Type: Talk

Expertise: Beginner

Event: Devcon 5

Date: Oct 2019

Decentralized Applications aim to change the way verticals across multiple industries work. An important element for this to happen is for smart contracts to access real-world data. Problem is, blockchain is a walled-garden and smart contracts cannot natively fetch data from the outside world. Blockchain oracles enable DApps to overcome this limitation. Designing such a tool is quite a challenge - elements such as security, decentralization and feasibility must be kept into consideration. Is blockchain a self-standing technology? Security-focused techniques such as Trusted Computing or ZKSnarks are being explored as a complementary technology enhancing the power of decentralized tools. How do those technologies complement each other? What’s the benefit for blockchain oracles to rely on both? And what’s the benefit for users?

Categories

Playlists

About the speakers

TB

Thomas Bertani

CEO

Considering himself a “disruptive technologies addict”, Thomas Bertani is a blockchain entrepreneur and consultant with strong experience in the blockchain world.He’s been an active contributor to this sector since 2012 and he has started 3 companies in this space. In August 2013 he founded Bitboat, a pioneer Bitcoin marketplace. During the past 6 years Thomas has touched several aspects of this technology, from the design of bitcoin ASIC miners to the managing of companies listed on Cryptocurrency Exchanges (2014, 2017).In 2015 Thomas founded the IT security company Oraclize. Since then the company has achieved important goals, being internationally recognized as the main "Oracle service" on blockchain: in the past 3 years Oraclize has provided real-world data to blockchain applications operating in production with over half a Million transactions and 700+ projects dependent on it.Thomas is also Director of Eidoo, which focuses on simplifying the interaction between blockchain and the end user, offering a variety of services including a digital wallet and a decentralised exchange.As a result of his important contributions to the blockchain space, in 2018 Thomas was nominated by Forbes Italy as one of the top 5 young leaders operating in the financial sector.

  • Related