On July 6, 2023, the Oracle Red Bull Racing Team and Mystem Labs jointly announced the launch of the Oracle Red Bull Racing Team validator ORBR on the Sui public chain, which is a new interactive mode between fans and the team. Mysten Labs will be responsible for managing and operating the validator. It is reported that in June 2023, the Oracle Red Bull Racing Team confirmed Sui as the official cooperative blockchain platform.
In blockchain, a "validator" is a component used to determine which data is added, updated, or deleted, and is responsible for maintaining the normal operation of the blockchain. Like other validators on the Sui public chain, the ORBR validator will participate in the construction of the Sui public chain and enhance the security and stability of the Sui protocol.
Christian Horner, CEO of the Oracle Red Bull Racing Team, said: "In the F1 racing industry, the Oracle Red Bull Racing Team was one of the early adopters of blockchain technology. After understanding the characteristics of blockchain, we realized the potential of blockchain technology to connect global fans with the team. Collaborating with Sui will enhance the user experience in terms of interaction, convenience, and security."
Evan Cheng, CEO of Mysten Labs, said: "We strongly support the Oracle Red Bull Racing Team in finding new ways to interact with fans through blockchain technology. After all, the ultimate potential of blockchain technology lies in building communities and enhancing communication within communities."
Sui is a Layer 1 public chain platform based on the Move programming language, which enables parallel execution, sub-second TPS, and a rich ecosystem. With its horizontally scalable processing and storage capabilities, Sui provides users with fast speeds at a lower cost to support the development of various applications. As a fast-growing public chain, Sui can build an ecosystem platform that offers users a rich experience.
Interested friends can follow the Sui official website: Sui | Unlock the freedom to build powerful on-chain assets
Mysten Labs is a team composed of experts in distributed systems, programming languages, and cryptography. Its founder was a senior executive and chief architect of a certain blockchain project, and building Web3 infrastructure is the organization's mission. Interested friends can follow the Mysten Labs official website: MystenLabs - Creating Foundational Infrastructure For Web3.0
Founded in 2005, the Red Bull Racing team, as one of the most successful F1 teams, has established its position in the FIA Formula One World Championship with numerous constructors' and drivers' world championships and a record of over 100 race victories. At the same time, the team actively embraces innovative technologies.
