This article was first published on Horizen
Partnership will create opportunities for interoperability among distributed networks and bringing IOTA Oracle capabilities to Horizen sidechains
We are excited to announce our partnership with IOTA, an open-sourced, feeless data and value transfer protocol. This partnership will extend the functionality of the newly launched IOTA Oracles and introduce Oracle capabilities to the Horizen sidechain and scaling protocol, Zendoo.
IOTA Oracles bring off-chain data to decentralized applications and smart contracts on the IOTA network. They are designed to securely bridge the digital and the physical worlds in a decentralized and permissionless way. The initial goal of this partnership is to introduce the IOTA Oracles functionality to Zendoo, Horizen’s completely decentralized and fully customizable sidechain protocol. This integration will happen in two phases:
- first, Zendoo will incorporate the IOTA Oracles feed into its sidechain POC;
- and second, the IOTA Oracles feed will be directly integrated into the Zendoo SDK.
“Integrating off-chain data securely and accurately from the real world is vital to the functionality of decentralized applications that rely on external information,” said Rob Viglione, co-founder of Horizen. “IOTA Oracles will act as a bridge between our two ecosystems by supplying verifiable data to decentralized applications built on Zendoo in a secure, fast, and affordable way. This partnership is another significant step towards our mission of building the most secure, inclusive, and interoperable ecosystem.”
With the successful development of Chrysalis, a large network upgrade scheduled for March, IOTA is now focusing on bridging different ecosystems with unique value propositions and valuable use cases. Horizen’s Zendoo SDK allows businesses and developers to efficiently spin-up their own customizable blockchain. IOTA Oracles are designed in a way that focuses on data integrity for enterprise use cases, which ...
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