Thread by @navinram999

Many people have been asking me what #IOTA Industrial Oracles are all about.

This excellent article outlines a major problem with traditional DLT oracles.

hackernoon.com/lying-to-the-b…

If you put garbage data into your DLT, you will get garbage results out of your smart contracts. Garbage in, garbage out.

How do you tackle this? Dell and Intel have been looking at exactly this problem. With the added benefit of privacy preservation.

builders.intel.com/docs/networkbu…

The Data Confidence Fabric forms the basis of the #IOTA Industrial Oracles.
Welcome to the future of trustable smart contracts.

blog.iota.org/together-iota-…

Apologies, I think some further clarification is needed.

The innovation here isn’t that data comes straight from the machine/sensor onto the DLT. #IOTA Streams already allows that.

Industrial Oracles allow that data to be scored for trustworthiness.

The scoring scheme can vary with the industry using the data, so the system is flexible.

Complex smart contracts can therefore assess the trustworthiness of these data feeds and decide how much weight / importance to give them.

Compare this system vs the current standard for DLT oracles:

Keanufan1337 and 4 other pseudonymous entities all agree that a data point is true.

I am betting that most businesses would favour industrial oracles.