A Novel Blockchain Oracle Implementation Scheme Based on Application Specific Knowledge Engines

Abstract

In blockchain ecosystems, an Oracle is a service tool which provides real-world data for smart contracts and other blockchain applications. At present, there are several Oracle implementation schemes, e.g. centralized Oracles, decentralized Oracles, and hardware Oracles. However, these schemes typically suffer from single source of data and low scalability. Application Specific Knowledge Engine (ASKE) is an integrated topic/application-centered knowledge portal that supports effective information retrieval and analysis. Inspired by ASKE, in this paper, we propose a novel Oracle implementation scheme. The proposed scheme can realize multi-source data extraction and analysis, then working prototypes are demonstrated to show the validity of the scheme.