SmartContract, an American startup developing blockchain-based applications, has announced the launch of a new solution that connects existing data and financial infrastructure with leading smart contract networks Ethereum and Bitcoin.
Called Smart Oracles, the new solution aims at creating connectivity between the networks and the traditional data and financial infrastructure.
SmartContract estimates that approximately 70% of development time in blockchain proof-of-concepts goes towards connecting existing data sources, internal IT systems and traditional banks payments with smart contract networks.
According to Sergey Nazarov, co-founder and CEO of SmartContract:
“Easily connecting smart contracts to the data sources, internal services and bank payment methods desired by users is the next step in making them truly useful for real world use cases.”
Sitting between a financial infrastructure and a smart contract network, Smart Oracles acts as a secure point of connection…