CSP DAO - Making Financial Systems Accessible
BlockStar Technologies
Description: Multi-chain oracle platform for DeFi applications.
Blockchain applications of today are severely limited by the range of use cases they can serve. Each blockchain application can only access the state via public interfaces on the same chain. Without access to the real world data, blockchains cannot be used for prediction markets, insurance, litigation, governance or any other coordination problem that is currently dependent on social institutions and corporations.
This is also known as an oracle problem. While many attempts at solving it have been made, the current solutions are too expensive and brittle to be useful at scale.
Sourcing the data is done by Paralink Nodes through Paralink Query Language (PQL). PQL allows one to query SQL databases, access web API's, scrape websites as well as access state from other blockchains. Additional robustness is achieved with PQL validation, aggregation and interpolation rules for merging information from different sources. The PQL definitions describe the ETL process to be executed by Paralink Nodes and are immutably stored and accessed via IPFS. This allows developers to add custom data s
CSP DAO - Making Financial Systems Accessible
BlockStar Technologies