Kim Jong-hyup, CEO of the ICON Foundation, said Tuesday that the so-called oracle in the blockchain world would be solved. According to the Blockchain Hub, “An oracle in the context of blockchain and smart contracts, is an agent that finds and verifies real-world occurrences and submits the information to a blockchain to be used by smart contracts.” “Blockchain cannot access data outside their network. An oracle is a data feed—provided by third-party service—designed for use in smart contracts on the blockchain. Oracle provides external data and triggers smart contract executions when pre-defined conditions are met.”
In an interview with The Block Media Tuesday in Seoul, he also said his push for linking one blockchain to the other blockchains, namely hyper-connecting the blockchain world, would be successful and create a real crypto world.
He stressed that the ICON Foundation will surely realize its goal of linking one blockchain to the other blockchains, a process technically called building the inter-chain world.
Through repeated machine learning, the ICON is now seeking its acquired know-how to be used in the ICON network, he said,
