Weather data is highly important for insurance and betting, and DUCATUR (the first multichain Oracles framework) will supply information in these fields and it will be precisely right and genuine.
Blockchain is changing the way that people carry out their business activity, especially when we talk about smart contracts. Once a condition is inscribed into it, the parties only have to fulfill the requirement and the transaction is automatically performed. However, the decentralized system cannot directly obtain information from the real world because of the inconsistency of the events recorded and other related problems (for example, transparency problem). That is why people use Oracles – they help to link the off-chain world with the Blockchain technology and smart contracts, enabling to use them in real world.
Still, some problems remain unsolved. They become particularly prominent when the case concerns data about weather. It is changing so fast, that it is nearly impossible to record it at a precise moment. Also, different sources of information give different data. Currently, about 10 000 manned and automatic surface weather stations, 1 000 upper-air stations, 7 000 ships, 100 moored and 1 000 drifting buoys, hundreds of weather radars and 3 000 specially equipped commercial aircrafts measure weather parameters every day. Add to these all meteorological and research satellites monitoring the situation from the space to get an idea of the size of the global network for meteorological observations. And still, there exists a paradox – such common and easily observed thing for ordinary people as weather appears to be one of the most difficult material to analyze and record for algorithms and machines. Quite confusing, isn’t it?
DUCATUR proposes an easy solution to the issues mentioned above. This framework has nodes with experts that are registered there – they are motivated to supply their clients only with right data. Also, clients can connect API (third parties that transmit information) to receive more data (for example, more weather forecasts) and have a more fair result. The objective result is reached through a synchronization of all the obtained information and some extra data such as weather reports, web-sites’ data and information from meteorological stations. Independent experts then they make their resolution and announce it to the counterparties. The two-level DUCATUR rating system stimulates them to work accurately and honestly, so the possibility of frauds or bribery is eliminated. And thanks to the unified register all published solutions are recorded as algorithms that can be used by other companies later in the future. That helps to make the functioning of the framework fast and convenient for all companies.
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 pre-TGE till 31 May, users can get +10% bonus for purchasing DUCAT tokens.
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