Ozean, the real-world asset (RWA) blockchain developed by Clearpool, has recently announced a strategic partnership with ChainSight to enhance its oracle system. This collaboration is set to revolutionize the decentralized applications (dApps) on Ozean by providing secure and efficient access to off-chain data sources. The integration of ChainSight’s oracle technology will open up new possibilities for pricing tokens, ensuring compliance with regulations, and optimizing rewards in decentralized finance (DeFi) applications.
The Oracle system developed by ChainSight is designed to work seamlessly with various blockchain networks, including EVM, SVM, and non-EVM chains. With a focus on security, ChainSight utilizes advanced cryptography techniques such as Chain-Key and zkTLS to safeguard data integrity and prevent any downtime. This robust data infrastructure enables dApps on Ozean to utilize external data sources like APIs and blockchain-generated events for functions like asset pricing, compliance checks, and yield generation.
One of the key initiatives driven by Ozean is the upgrade of its technical infrastructure for RWA finance through its partnership with ChainSight. Ozean operates as a Layer-2 network integrated with the Optimism Superchain, addressing key challenges in the RWA sector such as low base yields and fragmentation. By leveraging ChainSight’s oracle capabilities, Ozean aims to enhance its support for financial applications built on blockchain technology, catering to institutional borrowers and leading financial firms like Jane Street.
The collaboration between Ozean and ChainSight marks a significant milestone in the development of future DeFi applications in the RWA space. By ensuring seamless access to external data sources and enhancing data integrity, Ozean is poised to support credit protocols, asset tokenization platforms, and DeFi products that require reliable data for compliance and scalability. This partnership paves the way for a more secure and compliant RWA finance ecosystem, ultimately contributing to the growth and innovation in decentralized finance.
Overall, the alliance between Ozean and ChainSight underscores a shared commitment to advancing the capabilities of RWA blockchain technology and fostering a more secure and compliant decentralized financial ecosystem. With their combined expertise and resources, Ozean and ChainSight are well-positioned to drive innovation and growth in the emerging field of tokenized real assets.