In Greek mythology, an Oracle connects two realms. In blockchain terms, an Oracle connects smart contracts with real-world data resources. Without Oracles, it would be impossible to bridge information between blockchains and external resources. Phoenix Global platform is an Oracle-based project that connects decentralized applications with external real-world information. The absence of oracles in the blockchain realm has been a significant problem. It impacts the capacity of building useful decentralized applications. Oracles enable developers to include events into smart contracts. Events are off-chain data like market price fluctuations, geolocation of a parcel, or weather data. The blockchain space is defined by tokenization. However, the ability to build oracles expands the spectrum to creating data events and smart contracts. This article introduces how different Phoenix Global components fit together and provide blockchain developers with robust mechanisms to deploy intuitive customer experience through Phoenix Oracle. Also, it will explain how Phoenix Oracle connects smart contracts’ tamper-proof inputs and outputs to real economies, events, and payments. Phoenix Global’s role of Data in Enhancing Customer Experience across DeFi Enhancing the customer experience of any digital product requires a considerable data component. According to the podcast “Secrets of Audience Intelligence,” how a business c...
