DUCATUR will provide a reliable and secure connection between the blockchain and external world, uniting – data suppliers, arbitrators and API – which will be able to build up their own business in the ecosystem.
Please Note: This is a Press Release
There are no doubts that the processes of information transmission are not perfect. At the same time, it is of key importance for many businesses and organizations to rely only on right information as the execution of many of their functions hardly depends on it.
The DUCATUR project which is developing the first MultiChain Oracle Framework aims to overcome the problem of false and fraud information by implementing its own solutions such as the system of experts, arbitrators and API.
According to the white paper, Experts are certain persons connected to the node who serve as objective data sources. They are called in case of disputes or when the matter cannot be unified and requires detailed consideration. The expert must enter the DUCAT tokens into the node contract to become the arbitrator in the disputes or in order to start the data supply. The rating and profit of experts and arbitrators is directly related to the quality of information that they present.
As for API, they are third-party data sources that can be connected to the node as well. Each data source makes a deposit and is evaluated via reputational mechanism: the higher the reputation indicators of the API, the higher the profit. If an API provides wrong data it loses the reputation and the pledge and the DUCATUR system disconnects the API from the framework.
To sum up, The DUCATUR tries to make all sides of the framework benefit from fair and quality information exchange: with the help of the framework, network clients can not only exchange verified data, resolve disputes, and govern their affairs easier. Users also can build their business as arbitrators, experts and/or data providers.
Ducatur is a framework that allows you to create oracles for reliable data exchange between the interacting participants on the blockchain. That would be a system in which you always trust the received data and which provides a reliable connection between the blockchain and external information. Joining Whitelist till 1 May, users can get +15% bonus for purchasing DUCAT tokens.
