Tezos gets new oracle through Wolfram Blockchain Labs integration

Published at: March 1, 2021

Wolfram Blockchain Labs, the cryptocurrency-centric division of popular computing engine provider Wolfram Alpha, is adding support for Tezos on its platform, providing a two-way interface with the blockchain.

Announced on Monday, the integration adds support for Tezos blockchain data within the Wolfram Language, which allows developers to obtain analytical data from the blockchain. The language specializes in advanced statistical queries that analyze smart contract activity, and the integration primarily aims to ease the deployment of smart contracts on Tezos.

In addition, Wolfram Blockchain has developed an oracle for Tezos that would supply its smart contracts with data available from Wolfram Alpha. The data also includes the pricing of assets, one of the primary use cases for oracles today. This would make Wolfram the third oracle provider on the network, following Chainlink and Harbinger, a Tezos-native solution.

Wolfram Blockchain collaborated with TQ Tezos, one of Tezos’ ecosystem development companies, for the integration. The company said that the oracle contracts were formally verified through the Mi-Cho-Coq framework developed by Nomadic Labs. Formal verification allows creating a mathematical proof guaranteeing that a certain program behaves correctly. Tezos is specifically focusing on making this process easier, sharing the focus with Cardano, another project supported by Wolfram Blockchain.

Recently, Tezos has made a number of moves aimed at attracting smart contract developers and decentralized finance projects. In November 2020, a network upgrade reduced transaction fees by 75%.

The Wolfram integration adds an important component to a smart contract developer’s toolkit, simplifying analytics for smart contracts. Still, the integration remains in its early stages and has a relatively basic set of features. The CEO of Wolfram Blockchain, Jon Woodard, said:

“We have plans to extend these capabilities in several key areas within the Tezos ecosystem: analytics, computational facts delivery and blockchain educational information.”

Wolfram Blockchain Labs is also exploring the possibility of becoming a Tezos "Baker," its term for stakers. The blockchain is one of the largest by amount of capital locked in staking.

Tags
Technology
Blockchain
Smart Contracts
Tezos
Related Posts
What you should know before buying or selling an NFT in the US
Nonfungible tokens appear to be an idea whose time has come. Originally developed for use with collectible trading-card games, NFTs can represent almost any unique asset. Outside of the gamer context, the first NFT to gain widespread popularity was probably CryptoKitties, which were released back in 2017. Related: CryptoKitties’ Dieter Shirley on breaking Ethereum and NFTs CryptoKitties became so popular that at one time, CryptoKitty trading clogged the Ethereum network, setting records for transaction volume. NFTs have only grown in popularity since then, and have now been developed for a range of in-game assets, digital collectibles, unique artworks and more. …
Artists / April 3, 2021
Wolfram Alpha teams up with Cardano to build 'avant-garde oracles'
Wolfram Alpha, a major computational knowledge engine providing technology for major services such as Apple’s Siri assistant, is integrating data from the Cardano blockchain. According to a Thursday announcement, Wolfram Blockchain Labs, or WBL — a subsidiary of Wolfram Research — has partnered with Charles Hoskinson-founded tech company IOHK. As part of the partnership, WBL will integrate Cardano’s blockchain data into Wolfram Alpha, allowing developers to integrate external data into Cardano’s smart contracts. The new partnership will specifically address work on the so-called “avant-garde oracles,” which the companies believe are a necessary component to build advanced smart contracts. According to …
Technology / Dec. 17, 2020
Tezos Co-Founder Hints That Her Trading Card Game Will Use Alternative Blockchain
Tezos co-founder Kathleen Breitman has left open the possibility that her trading card game Emergents may not be built on the company’s blockchain, according to statements made on April 5. According to the Reddit post, Kathleen pointed out that Emergents might not be using Tezos blockchain technology, saying she had not yet decided on the platform she will use in the game. In a comment left on the post, she added the following: “The alpha doesn’t have a marketplace, it’s an alpha. The white paper doesn’t describe any feature that could not be satisfied by any other smart contract platform. …
Adoption / April 6, 2020
Wear-to-earn NFTs target the billion-dollar fashion industry
The rise of the Metaverse and Web 3.0 are set to disrupt multiple sectors including the billion-dollar global fashion industry. As the world moves from physical to digital, traditional fashion design can transform into virtual wearables that can be leveraged in both augmented reality (AR) and in real life. Megan Kaspar, managing director at Magnetic Capital and member of Red DAO — a fashion-focused decentralized autonomous organization — told Cointelegraph she believes that digital fashion nonfungible tokens, or NFTs, will be the largest NFT category of Web 3.0: “Digital fashion NFTs include clothing, shoes, jewelry, accessories and more that can …
Adoption / Dec. 1, 2021
Genomics company explores NFTs in hopes of advancing precision medicine
It’s predicted that nonfungible tokens (NFTs) will have a vast impact on society. Given this, it shouldn’t come as a surprise that the trillion-dollar healthcare sector has begun to explore NFTs tokens to advance medicine. It’s also important to point out that blockchain technology can play an increasingly important role within the healthcare sector. This was recently highlighted in a report from the European Union Blockchain Observatory, which specifically documents how blockchain applications can solve challenges facing the healthcare industry. For example, the paper notes that patient engagement and transparency of how data is stored, along with the effective distribution …
Decentralization / May 23, 2022