Oracle blockchain insurance product fund pool, locking in the investment income of global mainstream digital assets

 The decentralized technology system and concept guaranteed by blockchain technology and smart contract technology are becoming more and more popular, because it can achieve business scenarios that do not need trust. The use of decentralized technology can make all businesses open, transparent and tamper proof, so as to remove all perceived interference factors and ensure asset security, Assets and products based on decentralized technology have become the first choice for global investors. In this context, Oracle has grasped the core technology of blockchain, integrated the Oracle technology system with unique advantages, created a diversified service model, and helped users to obtain unimaginable high profits.

Oracle blockchain insurance provides trust free security

Unlike traditional insurance, in blockchain insurance, policyholder information, insurers, beneficiaries, and insurance terms are written into blockchain and smart contracts, which are decentralized, transparent, and tamper proof. Once the insurance terms are triggered, they are automatically executed by the program and will not be affected by any human factors. Therefore, Oracle provides users with a trusted, safe and reliable asset security and appreciation mechanism.

Many blockchain projects are building a decentralized insurance application platform with high efficiency, transparency and low consumption, including aviation delay insurance, crop insurance, etc. The user pays the premium, buys insurance, and gets automatic compensation according to the insurance agreement.

Oracle can introduce external data sources and events for such insurance applications, help decentralized insurance products make claims decisions, and arrange future automatic claims. The most important thing about decentralized insurance contracts is that they are data-driven and automatically executed. This means that the insurance contract automatically executes the logic without manual intervention, and depends on the safe and accurate data obtained from the outside to determine the execution of the contract logic. These insurance smart contracts can also be connected with external outputs, such as payment processors or enterprise financial systems, to facilitate the triggering of payments.

Oracle cross chain oracle builds the world's leading Web3.0 ecosystem

The oracle machine can realize the efficient data exchange between Web2 (PC Internet and mobile Internet), the real world and Web3 world. Specifically, after the data governance process of oracle technology, Internet data will be sent into the blockchain distributed database by the oracle, becoming the oil running in the Web3 world; On the contrary, digital asset transaction data and price data belong to the category of Web3. Massive transaction information can also be transferred to the big data and AI algorithm system in Web2 through a oracle, so as to create a huge data pool integrating Web2 and Web3, laying a solid foundation for Oracle to lock in deterministic revenue in a very short time. The cross chain oracle can realize the data transmission of multiple blockchains (the representative project Chainlink can only realize the data transmission of ETH and is not compatible with other blockchains), and achieve high-performance data communication at different blockchain times, which realizes the direct connection between Web2 and the Web3 world and effectively avoids the problems of data omission and missing.

Oracle is committed to building the world's leading Web3.0 ecosystem starting from the Web3.0 traffic portal. Oracle advocates that everything is born for the application of Web3.0. Users of any Internet world can directly access Web3.0 and carry out relevant activities through Oracle without any centralized APP or platform. Oracle will collect the traffic of the Web 3.0 world, open the Web 3.0 world to users all over the world, and show it to every user through zero threshold. Users can freely roam among multiple platform applications in Oracle's Web3.0 ecosystem, without being limited by any platform, and enjoy the massive functions of various DApps. Metauniverse, NFT, DeFi, GameFi, public chain and other technologies and application scenarios are becoming mature, which objectively forms a global market for digital asset value exchange. With the advent of the Web3.0 era, driven by the distributed technology represented by blockchain, numerous new applications (DApps) have emerged from the decentralized peer-to-peer ledger experiment to the decentralized smart contract platform, and gradually DeFi and GameFi have formed the "financial services" in the digital world, while NFT has accelerated the asset on the chain.

We see that beyond the traditional world (online and offline), users are getting closer and closer to a digital world. At this point, people call for a new online world - the meta universe, which can credibly carry the social identity and assets of individuals, and the community will have a stronger dominance. The Yuanuniverse will create a closed-loop economic system. Any weak contribution related to data can be traced through blockchain technology, and the value transfer process of the entire digital world will be unimpeded with the incentive of native digital currency, free from any time, place and platform monopoly.