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After Google, ThunderCore Integrates With ChainLink, Oracle Could Be Next

Oracle ChainLink

According to Vitalik Buterin, Ethereum can be the base from where the next generation, blockchain-dependent, autonomous predictions market can be built on. While listing down what is possible and responding to Elon Musk’s single-worded tweet, Vitalik mentioned an underutilized yet critical industry in the predictions market.

ChainLink is strategically positioned to offer this service. The announcement from Google Cloud of their integrating BigQuery with ChainLink was momentous for the Ethereum based startup.

In
fact, it is setting a precedence and the US-Based software company in Oracle is
the next multi-billion corporation to discuss the benefits of their integration
with the Singapore based firm in the CloudEXPO Silicon Valley conference.

Oracle Focus on The Cloud

The ERP service provider, Oracle is the third biggest software company in the world, and today, Tuesday, June 25, it is ready to let the world what they stand to benefit should there be a liaison with ChainLink. Driving Oracle is a suite of innovative apps that satisfy the needs of businesses from across the world.

Boasting
of modern financial application management apps and tools that help businesses
scale and grow, Oracle’s solutions churn real-time data from where they draw
insights that minimize costs and drive productivity.

Simply
because of this, by close of 2018, Oracle racked in more than $39.83 billion.
Out of this, its Cloud ERP business rose 44 percent and Larry Ellison, the
chairman, said together with Autonomous Database, these two core products will
determine the future of the company.

How
exactly they will leverage ChainLink’s Oracles on their open standards that
extend into traditional legacy systems including third parties and marketplaces
is fuzzy. However, from what is publicly available, Oracle make use of
mathematical and statistic models and even artificial intelligence as they
deliver to customers integrated solutions that meet their needs.

In
all this, Oracle do use generic algorithms and neural nets to mine existing
datasets and from their make predictions to enhance their products. The shift
now to ChainLink’s wisdom of the crowd where there is overall reliance on the
ability of the platform to aggregate believes which then becomes the basis for
generating predictions. 

On their part, ChainLink’s oracles do connect versatile and robust smart contracts with real-world data since their inputs and outputs are tamper-proof. While making their announcement, Allen Day, a senior developer advocate of Google Cloud, through a blog post, said:

“A business process implemented as a smart contract is performed on-chain, and that is of limited utility without having access to off-chain inputs. To close the loop and allow bidirectional inter-operation, we need to be not only making blockchain data programmatically available to cloud services, but also cloud services programmatically available on-chain to smart contracts.”

Clearly
the shift is towards innovating and enhancing cloud services of which Oracle is
a leader. Already, BigQuery has Bitcoin, Ethereum and Litecoin’s data fed into
BigQuery meaning there is an element of flexibility.

ThunderCore Integration

Following Google and possibly Oracle’s route, ThunderCore is partnering with ChainLink. Their objective is to create a hybrid of blockchain and cloud applications. Specific in their goals, ThunderCore seeks to create an environment from where dApp developers can turn their ideas into businesses.

To that end, their virtual machine, from where code can be compiled, is Ethereum Virtual Machine (EVM) compatible just like Tron’s. Furthermore, their network can process 1,200 transactions per second while settling them in less than a second.

Through a compatible VM, there is a window for blockchain interoperability benefiting the digital asset ecosystem. In their blog, Peter Abilla of ThunderCore, said:

“We’re excited for this collaboration with ChainLink; having this highly reliable middleware service will be valuable to developers that build on ThunderCore: builders will now have a service that will enable all sorts of new use cases and games.”

He
further adds:

“ThunderCore needs a high quality, reliable oracle service in order for smart contracts deployed on our chain to access necessary off-chain information to trigger certain transactions.”

The post After Google, ThunderCore Integrates With ChainLink, Oracle Could Be Next appeared first on Ethereum World News.

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Google Cloud Inks Deal With Blythe Masters' Blockchain Startup

Digital Asset announced Monday that it teaming up with Google Cloud to provide a set of tools and services for solutions architects wanting to develop blockchain applications without having to code them from scratch.

Through the partnership, Digital Asset will provide both software tools and support to developers entering the space, according to a press release.

Google Cloud has also joined Digital Asset’s developer program private beta, letting Google Cloud developers access the Digital Asset Modeling Language (DAML) software development kit (SDK).

Digital Asset further plans to grow its DAML platform-as-a-service (PaaS) program through the collaboration, by providing a “fully-managed solution” to aid developers trying to test or launch blockchain applications. The service will be available to developers through Google Cloud’s application marketplace.

Digital Asset chief executive Blythe Masters said in a statement that the collaboration will make it easier for developers exploring the technology:

“We’re partnering with Google Cloud to provide developers with a full stack solution so they can unleash the potential for web-paced innovation in blockchain. This will reduce the technical barriers to DLT application development by delivering our advanced distributed ledger platform and modelling language to Google Cloud.”

Similarly, Google Cloud Financial Services Platform head Leonard Law said the technology giant was “delighted to innovate” alongside Digital Asset.

“DLT has great potential to benefit customers not just in the financial services industry, but across many industries, and we’re excited to bring these developer tools to Google Cloud,” he added.

Google Cloud image via Shutterstock

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