Oracle Services
Securely connect off-chain data to blockchains, enabling smart contracts to verify real-world reserves with trust and transparency.
What is On-Chain Proof of Reserves
On-Chain Proof of Reserves brings off-chain assets—like bank balances, gold holdings, treasury bonds, and real estate valuations—onto the blockchain via Chainlink oracles for smart contract verification.
Off-Chain Data Sources
Tokenized asset reserve data exists off-chain, such as bank balances, T-bills, and more.
API & Data Extraction Methods
The information is extracted from the source through one of LedgerLens’ data delivery methods.
Data Aggregation & Analysis
The information is ingested and analyzed for completeness and accuracy in accordance to parameters set by the Auditor.
Exposed via API
A summary of that information is exposed via API to the Chainlink oracle network.
Ingested by the Chainlink
Node operators read the information and bring it on chain for use in smart contracts, DeFi, and more.
We empower customers in the digital asset revolution
Frequently Asked Questions
TrustReserve has crafted a collection of offerings, featuring Proof of Reserves, tailored to meet the needs of various participants in the blockchain ecosystem.
Oracle Services in the context of blockchain serve as vital intermediaries bridging the gap between blockchain networks and real-world data sources. This crucial role is necessary because blockchains are inherently decentralised and trustless systems, requiring consensus among network nodes without relying on centralised entities. However, certain applications require access to off-chain data, such as stock prices or weather information, which is not inherently available on the blockchain. Oracle Services facilitate the secure and reliable access of this external data by smart contracts, enabling blockchain applications to automate various processes while maintaining accuracy and integrity.
For more information, please refer to the Oracle Services
TrustReserve ensures the reliability and security of off-chain data brought on-chain by employing advanced cryptographic techniques and utilising multiple oracles to verify data authenticity and achieve consensus. This approach mitigates the risk of data manipulation by malicious actors, safeguarding against vulnerabilities in smart contracts or decentralised applications (dApps). Additionally, TrustReserve establishes protected connections between its oracle service and the smart contracts or dApps utilising the data, using encryption and other security measures to prevent hacking or data breaches.
Yes, TrustReserve’s Oracle Services can be integrated with any blockchain network, offering seamless connectivity and effortless integration capabilities. The comprehensive integration library supports over 100 integrations across diverse networks and custodians, including Layer 1 blockchains, Layer 2 networks, third-party custodians, exchange accounts, traditional bank accounts, securities brokerages, and self-custody solutions. This extensive compatibility ensures that TrustReserve Oracle Services can meet the diverse operational requirements of its clients.
TrustReserve’s Oracle Services handle data discrepancies or inaccuracies from off-chain sources by incorporating advanced cryptographic techniques and employing multiple oracles to verify data authenticity and achieve consensus. By doing so, TrustReserve ensures the accuracy and reliability of the data provided to blockchain networks, mitigating the risk of smart contract failure due to incorrect or manipulated data. Additionally, TrustReserve’s Oracle Services offer granular historical records and visibility to aggregated off-chain data through its Control Panel, further enhancing transparency and trust in the data provided.
