Brazil Stock Exchange hopes to provide oracle services for digital currencies

The Brazilian Stock Exchange (B3) is exploring ways to provide data input for the country’s central bank digital currency (CBDC).

Luis Kondic, managing director of B3 Listed Products and Data, stated that the stock exchange is considering providing an oracle to connect external data to the CBDC. The oracle is an important part of smart contracts, providing data feeds from external sources to perform smart connections under specific conditions. Other banks, such as the Reserve Bank of New Zealand, also outlined potential smart contract applications for CBDC, including automating rent or bill payments.

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