EIN Presswire
Making blockchain applications aware of what’s happening outside the network.
Qubic, a decentralized compute network redefining blockchain utility and AI infrastructure, announced the upcoming launch of Oracle Machines. This foundational upgrade enables smart contracts on the Qubic network to access trustworthy real-world data directly.
Oracle Machines act as native middleware within the Qubic protocol, dissolving a longstanding barrier in blockchain technology: the inability of smart contracts to autonomously interact with external information such as market prices, weather conditions, sensor readings, or event outcomes.
“Blockchain systems have always excelled at verifiable computation,” said JOETOM, Core Tech Lead at Qubic. “With Oracle Machines, we are equipping smart contracts with the ability to observe and respond to the real world. This not only expands what decentralized applications can do but also positions Qubic as infrastructure for intelligent, data-driven blockchain services.”
What Oracle Machines Enable
Oracle Machines bridge Qubic’s on-chain execution layer with external data sources through a robust, modular architecture. The system uses persistent interfaces and caching layers to deliver real-time, high-integrity information securely to smart contracts.
Read More on Fintech : Global Fintech Interview with Kristin Kanders, Head of Marketing & Engagement, Plynk App
Key functionality includes:
Real-Time Price Feeds: Supports DeFi protocols with dynamic pricing and collateralization.
Event Resolution: Enables prediction markets, sportsbook payouts, and condition-based automations.
Oracle Subscriptions: Contracts can receive ongoing updates without manual querying, optimizing performance for continuous applications.
Unlike traditional oracle systems that rely on off-chain intermediaries, Qubic’s Oracle Machines are native to the protocol’s core, preserving decentralization and reliability while reducing latency and integration complexity.
A New Class of Decentralized Applications
With Oracle Machines integrated, Qubic smart contracts can support a broader range of use cases previously constrained by data isolation, including:
Advanced DeFi Instruments: Automated liquidations and dynamic derivatives based on verified external price feeds.
Parametric Insurance: Contracts automatically trigger claims when predefined real-world conditions are met.
IoT and Sensor-Driven Logic: Machine-to-contract interactions for logistics, energy, and sensor-based markets.
Together with Qubic’s useful proof-of-work consensus and decentralized AI initiatives (Aigarth), Oracle Machines help unlock smart contracts that think, act, and respond—not just settle transactions.
Catch more Fintech Insights : When DeFi Protocols Become Self-Evolving Organisms
[To share your insights with us, please write to psen@itechseries.com ]