ZORA

[Anonymous No.24677827]

Zoracles protocol roadmap includes developing a front-end tool to enable free credit checks without compromising one's credit history on the blockchain. The consumer will have the option of receiving their exact score or an assessment of "excellent, good, fair, or bad credit."

[Anonymous No.24677858]

The main suppliers of credit reports including Experian, Equifax, and Transunion may express interest in Zoracles Protocol "Snarks as a Service" as the trend to blockchain for enterprises expands with privacy technologies. According to MarketWatch, the global market for credit reporting is $15.17B in 2020 and will grow to $18.82B by 2026. This presents a sizable opportunity for the Zoracles Protocol to provide innovation with cryptographic proofs that hide sensitive financial data.

[Anonymous No.24677873]

Zoracles development team has open-sourced their credit checking zkSNARK solution which is very common in the blockchain space. This is one of the first real-world applications of their technology and may have widespread adoption if the trend from centralized finance to open financial networks continues to evolve.

The team is working with its second strategic partner to bring this zkSNARK Credit Feature to Ethereum Mainnet by Q1 2021.

[Anonymous No.24677902]

The work by Zoracles to create a proof of concept for the derivatives market can be reviewed in the team’s Github. It appears to be a very simple, yet powerful program that can be applied to any futures contract. The program is pulling data that is signed from exchanges such as Coinbase and then creating a zero-knowledge proof for smart contracts to verify before executing based on the agreed price parameters.

[Anonymous No.24677921]

The ability to have global derivatives run entirely on a blockchain is a tremendous opportunity for any smart contract platform. The size of the futures contracts market is routinely quoted above $1 quadrillion. The Zoracles team proof of concept is a first step to developing a robust solution that a decentralized application can utilize for confidential price data.

[Anonymous No.24677941]

Enterprises that are moving billions of dollars around the world demand privacy for their clients. While other oracles have focused on connectivity, Zoracles has uniquely positioned their solution as privacy-first. This focus had led to an expertise in building Snarks that enterprises can depend upon to secure their decentralized transactions. The privacy guarantees with zkSnarks are industry-leading and often on the cutting-edge of cryptography.

[Anonymous No.24677976]

GitHub
https://github.com/zoracles