/biz/ - Business & Finance

>>14713748
Another EWF paper shows a template that I am seeing alot of lately in everybody from EOS to private chain whitepapers:

>https://energyweb.atlassian.net/wiki/spaces/EWF/pages/558432257/Data+for+your+contracts+Oracles+with+Oraclize
Notably: “If the Oracle is compromised, so does your smart contract and the whole DApp. This is the "Oracle problem", and the search for the perfect Oracles is ongoing (and probably unachievable). Centralized Oracle services are criticized because they introduce a single point of failure and totally negate the decentralization related benefits. There are projects like the ChainLink project, that aim to build a decentralized, Byzantine Fault Tolerant Oracle network.”

This template I keep seeing is companies bring up oraclize, my fave link vassal, then immediately criticize it. This is a particularly good example bc it also mentions CL as a potential fix.


We saw this template (I did!) Like with the Lloyds crumb from today:
>https://direct.warosu.org/biz/thread/S14707736#p14708690

>>14493351
SO this : >>14486208 thread really got me interested in Fanny Mae, bc FM is one of most influential institutional in the USA in the home loan space. One of the "too big to fail" type institutions in my opinion.

So what exactly is Plaid doing for Fannie Mae?

Well....

> https://plaid.com/use-cases/lending/

“The Problem: Lenders must gather holistic pictures of their applicants, but the process of collecting income information, account balances, and asset history creates considerable work for both the borrower and lender. Additionally, getting borrowers to connect their bank accounts to receive capital and repay loans is a cumbersome process.”
“The Solution: Plaid provides borrowers with an easy, streamlined loan experience; and lenders with access to bank data to make informed loan decisions."


It look like specifically plaid is working with Fannie Mae on the “Day One Certainty” project: https://www.fanniemae.com/singlefamily/day-1-certainty