Waves Enterprise and Ergo Introduce Decentralized Pools of Oracles

---

Blockchain platform Waves Enterprise and Ergo have enhanced data oracle protection for enterprise blockchains through decentralization. This was reported to ForkLog by the developers.

In the corporate segment, data oracles form part of the critical infrastructure, since they are responsible for transferring information about business processes – from data on transportation and document flow in logistics to fiat currency rates.

“The more data streams are involved in corporate projects, the greater the threat of exposure to intruders. For example, an intermediary in the supply chain can inflate its costs by changing the value of goods transferred to the blockchain, ”said Waves Enterprise.

Compared to single data oracles, oracle pools collecting information in a decentralized environment provide greater network security.

“Pools of oracles securely aggregate external data and transfer them to smart contracts on the blockchain in such a way that any manipulation with them is impossible,” said Artem Kalikhov, product director at Waves Enterprise.

The tool is adapted to work with real business projects with prices, estimates and events.

“We offer a ready-made framework for secure transmission of data to various blockchain systems using network bridges,” the company noted.

Now the developers are additionally testing the framework for optimizing work in the framework of economic projects on the Waves Enterprise stack.

Recall that in November, the electronic voting service WE.Vote, developed by Waves Enterprise, was used to award academic degrees.

---