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SARASOTA, Fla., Could 4, 2021 /PRNewswire-PRWeb/ — SmartZip is worked up to announce that they are going to be a part of Chainlink’s market-leading decentralized oracle community by launching their very own Chainlink node. The Chainlink node serves as safe blockchain middleware that makes current SmartZip APIs suitable throughout main blockchain networks.
By this new Chain Hyperlink node, SmartZip can provide their proprietary actual property information together with property costs, rental charges, regional traits, and predictive pricing fashions to blockchain functions (aka good contracts). Moreover, the Chainlink node cryptographically indicators all information broadcasted on the blockchain, giving customers cryptographic proof of the information’s integrity as originating from a SmartZip API.
The Chainlink node not solely expands SmartZip’s attain as an information supplier by extending their high-quality datasets into rising blockchain markets, however provisions new sorts of actual property merchandise and markets. Builders can use SmartZip’s information to provide data-driven good contract functions that settle prediction markets centered round future home values, calculate the worth of NFTs that symbolize actual property, or provide trusted benchmarks earlier than executing trades of tokenized properties.
SmartZip Increasing Providers to the Chainlink Community
SmartZip’s proprietary predictive analytics mannequin aggregates information from 24 sources and accommodates over 1 billion information factors on residential actual property, together with up-to-date market valuations, rental incomes and different key information factors.
With blockchain’s means to each digitize actual property as tokenized property and scale back intermediary inefficiencies within the {industry}, there’s a rising alternative to deliver SmartZip’s premium actual property information on-chain and assist these new markets. As a result of blockchains are deliberately disconnected from exterior techniques to make sure their safety and reliability, good contracts haven’t any built-in capabilities of accessing off-chain SmartZip API information. This lack of exterior connectivity requires the usage of a further piece of infrastructure often called a blockchain oracle to deliver exterior API information into blockchain networks.
Chainlink, probably the most broadly adopted oracle community within the blockchain {industry}, presents a time-tested, industry-standard oracle answer for making SmartZip’s actual property information accessible to an enormous pool of good contract builders. Chainlink gives quite a few options that set it other than different options, comparable to:
- Knowledge Signing – The Chainlink node cryptographically indicators each piece of knowledge SmartZip posts on-chain, stopping man-in-the-middle assaults and growing its reliability in automating contract outcomes.
- Blockchain Agnostic – The Chainlink node is blockchain-agnostic, offering SmartZip with a single gateway to promote information to any present and future blockchain.
- Massive Market – Chainlink is probably the most broadly used oracle answer within the good contract financial system, offering a big and rising market of potential information shoppers.
- Safe Infrastructure – Chainlink is completely audited open-source software program that collectively secures billions of {dollars} in worth on mainnet, proving its means to guard and set off the motion of actual financial worth.
“Chainlink presents SmartZip a fast, straightforward, and safe answer for transitioning our present API infrastructure to assist blockchain networks,” mentioned Robert Reardon, Basic Supervisor of SmartZip. “Not solely does this open up new income streams in an rising market, but it surely’s a future-proof answer that may simply scale to assist a wide range of new blockchains and functions. This protects us a substantial period of time and assets, whereas exposing our information to a brand new decentralized financial system.”
Becoming a member of the Chainlink Community as a node operator permits SmartZip to participate within the rising good contract financial system by offering premium information to new types of decentralized and brazenly accessible actual property markets. As extra actual property transitions to blockchains, SmartZip’s information can assist a rising number of new functions, comparable to actual property getting used as collateral in decentralized finance (DeFi) merchandise to acquire loans or property-based NFTs that commerce on decentralized exchanges (DEXs).
About SmartZip
Smartzip is the chief of predictive analytics in actual property. With Smartzip, builders can simply combine probably the most complete actual property database into their functions together with property values, rental charges, probability of promoting and far more.
For extra info, go to: https://smartzip.com/
SmartZip is a part of the Constellation Actual Property Group, a portfolio of vertical market software program corporations inside Constellation Software program, Inc. The Constellation Actual Property Group acquires and invests in know-how corporations in the actual property vertical which are dedicated to offering revolutionary, long-term options and partnerships to the shoppers they serve.
For extra info, go to: https://constellationreg.com
About Chainlink
Chainlink is probably the most broadly used and safe solution to energy universally linked good contracts. With Chainlink, builders can join any blockchain with high-quality information sources from different blockchains in addition to real-world information. Managed by a world, decentralized neighborhood of a whole lot of hundreds of individuals, Chainlink is introducing a fairer mannequin for contracts. Its community presently secures billions of {dollars} in worth for good contracts throughout the decentralized finance (DeFi), insurance coverage and gaming ecosystems, amongst others.
Chainlink is trusted by a whole lot of organizations to ship definitive fact through safe, dependable information feeds. To be taught extra, go to chain.link, subscribe to the Chainlink newsletter, and comply with @chainlink on Twitter.
Media Contact
Shara Maurer, Constellation Actual Property Group, 4259526612, shara.maurer@constellationreg.com
SOURCE SmartZip
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