Waves Enterprise and Ergo unveil decentralised oracle pools

The Waves Enterprise blockchain platform and Ergo have bolstered the security of data oracles for enterprise blockchains through decentralisation, according to developers cited by ForkLog.

In the corporate sector, data oracles form part of critical infrastructure, responsible for transmitting information about business processes—from shipping and documentation in logistics to fiat currency exchange rates.

“The more data streams involved in corporate projects, the greater the threat of manipulation by attackers. For example, a supplier in the supply chain could inflate its costs by altering the value of goods transmitted to the blockchain,” stated Waves Enterprise.

Compared with single data oracles, decentralized oracle pools that aggregate information provide greater network security.

“Oracle pools securely aggregate external data and pass it to smart contracts on the blockchain in such a way that manipulation is impossible,” said Artem Kalikhov, Product Director at Waves Enterprise.

The tool is tailored for real-world business projects with prices, budgets, and events.

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

The developers are now further testing the framework to optimise its operation within economic projects on the Waves Enterprise stack.

Back in November, the Waves Enterprise WE.Vote electronic voting service was used for awarding academic degrees.

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