"Mobility-as-a-Service" financial orchestrator MobiFi partners with oracle Razor Network

特邀专栏作者

2021-03-22 03:21

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The parties will actively explore innovative use cases aimed at integrating Razor Network's trusted data into MobiFi's product development process.

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The parties will actively explore innovative use cases aimed at integrating Razor Network's trusted data into MobiFi's product development process.

Original link:https://medium.com/mobifi/announcing-the-mobifi-razor-network-partnership-5a9410d10a6e

Original link:

From Medium, original author: MobiFi

MobiFi officially announced a partnership with Razor Network, a decentralized and scalable blockchain oracle (Oracle) service. The parties will actively explore innovative use cases aimed at integrating Razor Network's trusted data into MobiFi's product development process.

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Working with Razor Network

Through application programming interfaces (APIs) or real-time market data update services, oracles can retrieve and verify external data for blockchains and smart contracts. The oracle function created by Razor Network for MobiFi can not only provide liquidity services and access decentralized financial (DeFi) services, but also support token exchange and legal currency exchange capabilities.

Therefore, the first item on the cooperation agenda is to integrate exchange rate data into MobiFi, and then other data types will be added according to actual needs.

Due to the lack of reliable decentralized oracle services, many blockchain projects use centralized oracles, Razor Network fully supports providing data in a secure and decentralized manner, while ensuring that data cannot be corrupted or cause errors . Not only that, but decentralized oracles also eliminate the problems that often occur in centralized systems, such as single points of failure, potential fraud, etc.

Razor Network utilizes an efficient proof-of-stake consensus algorithm to ensure system security and provide users with maximum game-theoretical security. Using Razor Network's smart contracts can ensure uninterrupted access to reliable and secure off-chain data, and using Razor Network's data oracles based on the proof-of-stake algorithm, MobiFi no longer needs to worry about data quality, so it can focus more on business and on the product.

Razor Network officially stated: "Razor's end-to-end decentralized oracle system provides maximum game security, ensuring that our customers' smart contracts always receive reliable and secure external price feedback. By utilizing Razor Network's Proof-of-Stake algorithm With data oracles, MobiFi can focus more on building data instead of worrying about data quality. We are sure that the cooperation between the two parties will help MobiFi reach new heights in the DeFi industry.”