Oracle Services

TrustReserve’s Oracle Services provide a secure and reliable means for clients to incorporate their data into blockchain networks, enabling smart contracts to access real-world information. As a key enabler of Web 3.0, Oracle Services bridge the gap between off-chain data and on-chain applications, fostering trust and transparency.

About

TrustReserve offers professional blockchain oracle services designed to bridge the gap between blockchain technology and external data sources. Our secure and reliable Oracle services act as intermediaries, providing data to smart contracts and decentralised applications (dApps) from various external sources. We use APIs, web scraping, and other methods to acquire and validate this data, ensuring its accuracy and reliability.

Value

TrustReserve Oracle Services delivers unparalleled value by ensuring the accuracy, reliability, and security of the data provided to smart contracts and dApps, empowering you to harness the potential of blockchain technology with confidence.

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TrustReserve Oracle Services ensure data accuracy and reliability by using advanced cryptographic techniques and multiple oracles to verify data authenticity and achieve consensus. We prioritize security with encrypted connections and other measures to protect against hacking or data breaches, allowing users to confidently access on-chain data.

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By choosing TrustReserve Oracle Services, you gain access to the leading public oracle network and our Oracle Services Control Panel for visibility into all aggregated off-chain data and detailed historical records. This enhances transparency and trust. Additionally, our Oracle Services enable real-world asset issuers to bring reserve data on-chain through a Chainlink Proof of Reserve feed, ensuring transparency for their customers.

How It Works

TrustReserve Oracle Services connect blockchain networks with external data sources, ensuring accurate and reliable communication between on-chain and off-chain information. Oracles authenticate and deliver external data to the blockchain, essential for applications like decentralised finance, supply chain management, and prediction markets. By converting off-chain data into a blockchain-compatible format, TrustReserve Oracles enable robust smart contracts and expand the range of usable data, enhancing trust and integration.

Clients gain access to the Control Panel, which offers detailed financial data insights, historical reports, and analytics. With the Real-Time Reserves API, you can easily display asset and liability balance data, along with downloadable attestation reports, on your own website.

Integrations

TrustReserve’s Oracle Services support over 100 integrations across diverse networks and custodians. These include Layer 1 blockchains, Layer 2 networks, third-party custodians, exchange accounts, traditional bank accounts, securities brokerages, and self-custody solutions. Additionally, our services feature e-statement data parsing to meet unique operational needs, ensuring seamless connectivity and smooth functioning of blockchain applications.

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.

What are Oracle Services in the context of blockchain, and why are they necessary?

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. 

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How do you ensure the reliability and security of off-chain data brought on-chain?

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. 

Can your Oracle Services be integrated with any blockchain network?

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. 

How do Oracle Services handle data discrepancies or inaccuracies from off-chain sources?

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.