9vWp6aU4y8kwSZ9Gw15LFL3aMdhmgmBBFMpDJregpdP328TpWZrKngGsDG2WDjqSqZGQtVRLpTon67xDNN9e8tm8jmi7uHdrVeY9SK33xmVCCTsZxWeHzyw1YbVFQoGDTPWphn6gMitcL2x6J.png

What is Blockchain Oracle?

Oracle is the name of a service that gathers information from the real world and provides it to the blockchain. Similarly, if we put it in other words, Oracle acts as a bridge between the real world and the blockchain world. Blockchain Oracle operates under a smart contract. For example, Oracle collects some data from the outside world and sends it to the world of Blockchain. And then smart contracts verify that data and use that data in blockchain technology to their advantage.

Throughout this process, Oracle's job is to collect data from the outside world and send it to the world of blockchain. If we talk about a few years ago, blockchain technology was not so advanced. But today blockchain technology has emerged as very advanced technology and will be seen to develop further in the future.

And today I'm going to talk about Oracle-based DIA technology, There is a lot of talk in the blockchain about DIA Oracle base technology.

1- History and Description. Does it have any token or cryptocurrency associated? Explain.

DIA is an open-source and decentralized asset, Which is an Oracle platform for the D-Fi ecosystem. The founder of the DIA is Martin Hobler, Michael Weber, Paul Claudius, It was created on the Ethereum network as an ERC-20 token of the year 2018.

If we talk about the founders of DEA, they are very intelligent people, If we talk about the Co-founder Paul Claudius, he has a Master of Science degree from ESPC Europe. And similarly, if we talk about CEO Michael Weber, he has a degree in CRISPR technology from Harvard X University. And finally, when it comes to co-founder Martin Hubbler, he has an economist's degree from the University of Zurich.

If we talk about DIA employees, their number is five, and similarly, if we talk about board members, their number is seven.DIA has raised a total of $15M in funding over 2 rounds. Their latest funding was raised on Aug 3, 2020, from an Initial Coin Offering round.

If we talk about DIA investors, their total number is five which are very big names ZBS Capital. TRGC and Outlay Ventures. June Capital. And finally Outlay Ventures Base Camp. These five investors invested money in the ICO period.