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.

Read more about


LockMeta endeavors to provide accurate and current information. However, due to the evolving nature of the crypto space and reliance on external sources, we cannot guarantee its complete accuracy. We advise users to conduct their own research and consult professionals before making decisions. LockMeta assumes no liability for actions based on our content.


More from this stream


UK Regulatory Body Reviews Microsoft-OpenAI Partnership for Potential Market Impact

The United Kingdom's watchdog for stopping unfair business, the Competition and Markets Authority (CMA), is looking closely at the partnership between Microsoft and OpenAI.

EU Considers WTO Legal Action Against U.S. Over Steel and Aluminum Trade Dispute

The EU might restart a lawsuit against the USA at the World Trade Organization (WTO) because of a metal trade fight left from when Trump was president.

U.S. Economy Faces Mixed Outlook as Stock Market Braces for 2024 Shifts

Michael Hartnett, a strategist at Bank of America, recently said that the continued rebound in U.S. Treasury prices suggests a slowdown in economic growth.

Norwegian Sovereign Wealth Fund Challenges Tesla on Labor Rights

Tesla and a group of Swedish auto mechanics are in a growing dispute.