Smart Oracles Connects Financial Infrastructure With Ethereum, Bitcoin

SmartContract, an American startup developing blockchain-based applications, has announced the launch of a new solution that connects existing data and financial infrastructure with leading smart contract networks Ethereum and Bitcoin.

Called Smart Oracles, the new solution aims at creating connectivity between the networks and the traditional data and financial infrastructure.

SmartContract estimates that approximately 70% of development time in blockchain proof-of-concepts goes towards connecting existing data sources, internal IT systems and traditional banks payments with smart contract networks.