What Are Blockchain Oracles? (How Smart Contracts Access Real World Data) #Oracles #Blockchain

Description

Can a blockchain verify the price of a commercial building? Can it check whether gold actually exists in a vault? Not on its own. That’s where oracles come in. In this video, we break down: ✅ What blockchain oracles are ✅ How smart contracts access real-world data ✅ How oracles enable real world asset (RWA) tokenization ✅ What proof of reserves means ✅ How Chainlink verifies vaults & inventories ✅ How rental income can be distributed automatically ✅ Why compliance updates require oracle feeds Without oracles, blockchain networks are isolated from reality. Oracles provide: • Verified data inputs • Asset backing confirmation • Automated payment triggers • Legal & compliance synchronization They are the invisible infrastructure powering tokenized real estate, gold-backed tokens, and decentralized finance. #BlockchainOracles #Chainlink #RWA #Tokenization #CryptoExplained #Web3 #DeFi