Blockchain
MDT Launches Financial Data Oracle MeFi, Bridging Capital Market and DeFi
Measurable Data Token (MDT) announces the launch of Measurable Finance (MeFi), a blockchain oracle for capital market financial data.
MeFi is made for the decentralized finance (DeFi) industry. It contributes off-chain external financial data feeds to public blockchains, empowering the DeFi ecosystem with reliable on-chain data. It’s now open-sourced on Github and available to all Dapp developers who need data from the capital markets to execute hybrid smart contracts on the blockchain.
The first version of MeFi integrates with major capital markets including Nasdaq, NYSE and HKEX. The team also plans to provide other core financial data including company earnings, financial derivatives and ETFs for the smart contracts in future updates. DeFi developers will be able to access more varieties of financial data from MeFi with the MDT tokens on-chain.
MDT is a decentralized data economy where users, data providers and data buyers can exchange data securely and anonymously on blockchain. On the consumer side, MDT’s very own consumer app RewardMe rewards users for contributing anonymous data points. On the business side, its alternative data arm Measurable AI turns anonymous transactional data into valuable consumer insights for financial institutions, corporates, and academia. With the surge of interest in decentralized finance, the MDT team has pioneered the MeFi oracle as a means to bridge the gap between capital market financial data and the decentralized world.
“Data is like the superpower in the capital markets. If DeFi is to go mainstream, DeFi innovations and Dapps have to connect with the external context,” says Heatherm Huang, co-founder of Measurable Data Token. “MeFi serves as the ‘Bloomberg on blockchain’ – its secure connections between blockchain smart contracts and capital markets help developers access reliable external financial data on-chain.”
With MeFi Oracle’s launch, the MDT team also built a Dapp as its first use case. The MeFi Dapp currently available on both Ethereum and Testnet allows users to access any live stock price information on blockchain from the real world capital markets through the MeFi Oracle.
Blockchain oracles are essential as an infrastructure tool for the decentralised finance industry. As a veteran in both financial data and blockchain, MDT endeavours to be a pioneer in bridging the capital markets and the blockchain world with MeFi, therefore propelling developers to build more powerful decentralized innovations.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
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Blockchain
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