What is Phoenix Global? Decentralized applications are powered by smart contracts to drive the exchange of value across participants instead of having a middle party functioning as a central validator to enforce the terms of a contract and ensure compliance. Blockchain technology and the advent of smart contracts have replaced the central validator with decentralized architecture where all contracts are enforced automatically. What this does is bring operational efficiencies, reducing counterparty risks, and cutting down on costs. As a result, the emerging technology has been unique, and its applications across finance, the supply chain, marketing, logistics, and the manufacturing industries have been enormous. Industries are technically and creatively dependent on data to connect blockchain and external data resources to drive their operations. Phoenix Global is meant to eliminate this lack of connectivity and serve as a middleware oracle retrieving data from external data feeds into blockchains. The oracle is two-way, which means it can feed the real world with data from blockchains and vice versa. The platform has a robust security framework that protects it from a single point of failure, downtime, data manipulation, and supporting multi-layered smart contracts where particular DeFi components can be stored off-chain. Business use cases of the Phoenix Global Money market platforms Money...
