Accelerating the Industrial Internet of Things
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Terms Oracles
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Oracles Oracles

An oracle is a data feed – provided by third party service – designed for use in smart contracts on a Blockchain.

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An Oracle is the name given to an agent that finds and verifies real-world occurrences and submits this information to a Blockchain to be used by smart contracts. This allows the smart contracts to interact with real-world data and apply functions based on that.

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Software that ingests data and visualises it to generate insights to answer specific questions
Software that can take over complex human operations and operate independently of human intervention.
Providing network connectivity to allow communication between devices, things, and operators.
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