Building a privacy-preserving oracle in less than 5 minutes

Decentralized oracles are bridges that connect off-chain information to blockchain. Thus, they are crucial to expand the use of smart contracts (for instance in DeFi, sports betting, insurance…). To make decentralized oracles accessible for everybody, iExec is building Oracle Factory, both a creation tool and an open-source library. Using the Oracle Factory, developers can create their own oracles in less than 5 minutes, without needing to write a single line of code. The Oracle Factory also features presets as well as a gallery with user-created oracles ready to be used by developers. A unique feature of the iExec Oracle Factory is the ability to manipulate users’ confidential data, such as API credentials, blockchain private keys, or any personal data.