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Delphi Systems

The Oracle Platform

Our weighted signature oracle framework Pythia provides a host of benefits, including understandable and modular oracle interfaces, intrinsic efficiency, risk and cost localization, and profound extensibility. Our custom prediction market solution, Omphalos, has also been crafted with this model in mind, and was designed to capitalize on the same advantages. The two frameworks are built around intercompatibility and synergy. Combined, they have the potential to herald an information renaissance and push us towards an ideal of ubiquitous transparency and prescience. We consider Pythia to be the most promising distributed oracle solution envisioned to date, and Omphalos to be its killer app.

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Ended
Token
PHI
Type
Country
USA
ICO start
1st Nov 2017
ICO end
15th Dec 2017
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About Delphi Systems

The Oracle Problem
Though smart contracts have incredible potential, they are blind to the world beyond the blockchain. For external information, these applications need oracles to provide them with data. Since a contract's input determines its result, the oracle involved with a smart contract ultimately has the power to decide how that contract behaves.

Where Things Stand
So far, the approaches to the so-called Oracle Problem have each fallen into one of two categories: centralized oracles (which can defeat the purpose of even doing things with a smart contract at all) and rigid oracular consensus engines, which are difficult (and expensive) to develop, use, and upgrade.

Our Vision
We are taking a different approach: rather than committing to one particular solution, we're focusing on building extensible distributed frameworks and full-fledged signaling mechanisms. With these tools, we aim to build a worldwide oracle marketplace and ecosystem, and unlock the true power of the blockchain.

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