Smart Contracts allow for the automation of both simple and complex processes, and can be used to facilitate the exchange of money, property, shares, or anything of value in a transparent and conflict-free way.

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Oracles are intermediaries that provide data to smart contracts on a blockchain network. They are responsible for retrieving information from external sources and delivering it to the smart contract for execution.

 

This enables smart contracts to interact with real-world data, such as market prices, weather data, location, or other external information, allowing them to make decisions and execute actions accordingly.

 

Oracles are crucial for bridging the gap between the decentralized world of blockchain and the centralized world of data and APIs.

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Location is often an important aspect of smart contracts but is poorly understood.  How can you determine what if you can't determine where? 

 

Loracle can provide advice and help you integrate location into your smart contracts.