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From YouTube: Thomas Bertani // An Ethereum Interview Series
Description
We sat down with Thomas Bertani, CEO of Oraclize, to discuss what oracles are, why they are important in the overall blockchain ecosystem, and what role Oraclize plays. This series focuses on trying to explain Ethereum to a non-technical audience.
A
So
I'm
Thomas
Bethany
I
am
the
founder
of
oculus,
so
our
eyes
is
startup
based
in
London
and
we
are
trying
to
provide
the
best
in
class
or
Co
service.
So
we
want
to
be
part
of
the
infrastructure
and
the
way
I
first
got
in
touch
with
the
tilma
was
like
one
year
ago,
I
was
looking
around
for
interesting
projects,
I'm
involved
in
Bitcoin
and
blockchain
in
general,
since
2012
and
alkalis
itself
started
as
a
project
based
on
Bitcoin.
A
So
it
took
us
like
six
months
to
figure
out
that
there
was
an
increasing
demand
for
approaches
like
ours
on
aterial,
and
this
is
when
I
found
it
and
I
started
working
with
the
integration.
A
theorem
defines
itself
as
the
world
computer
and
I
think.
This
is
a
very
good
definition
because
it
gives
the
idea
it
delivers
the
idea
that
you
have
single
instances
of
each
application
running
in
a
single
worldwide
network.
A
So
actually,
one
of
the
key
features
of
a
theorem
is
interoperability,
meaning
that
you
can
have
many
different
services
which
do
autonomously
interact
with
each
other,
and
so
there
is
a
single
instance
for
each
service
and
it's
not
necessary.
It
does
make
sense
to
remain
the
wheel
every
time
because
you
can
leverage
existing
services
in
an
open
manner.
This
is
one
of
the
key
features
of
aetherium
and
it
enables
each
new
application
in
the
network
to
bring
real
and
very
concrete
benefits.
A
I
think
that
atheneum
is
by
itself
complex
technology
that
the
average
Joe
doesn't
necessarily
need
to
understand,
because,
of
course,
my
grandma
can
use
Facebook,
but
she
doesn't
understand
tcp/ip
or
how
the
internet
works.
It
just
works,
and
this
means
that
you
can
have
services
built
on
the
top
of
it,
which
are
very
easy
to
use.
But
what
atrium
really
enables
for
the
final
user
is
to
disintermediate
many
applications
and
twelve
to
make
processes
which
today
are
very
prone
to
errors
and
through
corruption
or
to
huge
fields.
A
So
if
you
think
about
insurance
is
already
being
disrupted,
even
without
the
blockchain,
with
peer-to-peer
insurance.
But,
of
course,
there
is
still
an
intermediary
and
this
intermediary
still
taking
a
fee,
and
you
are
open
that
the
intermediary
will
always
behave
honestly
to
keep
up
the
infrastructure
in
place
while
with
something
like
atheneum.
You
can
really
build
up
to
be
reinsurance
with
no
intermediary
and
with
a
potentially
unstoppable
application,
which
does
leverage
the
transparency
and
the
enforcement
of
the
of
a
huge
decentralized
network.
A
One
of
the
inherent
problems
of
decentralized
networks
is
that
you
cannot
have
blocking
applications
to
reach
out
the
internet
or
to
reach
of
chain
they
know.
So,
if
you
want
applications
useful
applications
to
be
based
on
any
data
like
real-world
data,
then
you
need
some
form
of
connector
which
enables
the
application
to
reach
out
to
those
data,
and
this
is
what
an
Oracle
system
does
an
Oracle
it.
A
So
in
many
cases
smart
contests
need
to
leverage
this
data
and
data
with.
When
you
get
rid
of
all
the
other
intermediaries,
you
really
have
data
being
the
escrow,
because
it's
the
data
itself,
choosing
where
the
fantastic
there
is
a
huge
security
risk
connected,
because
the
Oracle
could
easily
tamper
with
data,
because
it's
the
party
carrying
the
data
from
one
context
to
the
other.
So
we
could
potentially
the
Oracle
could
potentially
tamper
with
the
data
to
gain
a
financial
advantage
like
think
about
our
gambling
game,
which
wants
to
get
some
external
randomness
right.
A
So
we
could
always
win
simply
by
tampering
the
data.
So
this
is
why,
with
our
Oracle
solution,
what
we
provide
is
not
just
a
result
for
a
given
query,
but
even
what
we
call
authenticity
proof.
So
this
authenticity
proof
is
moving
away,
the
trust
from
us
to
external
at
the
status,
which
are
easier
to
trust
than
a
small
stuff.
A
So
the
the
reasoning
behind
this
is
that
you
don't
really
want
to
trust
a
small
start-up
or
a
small
entity
while
providing
data
which
could
potentially
move
funds.
But
you
want
to
lower
the
risk
as
much
as
you
can,
so
that
you
can
prove
that
the
data
is
really
coming
from
the
data
source
with
no
alteration-
and
this
is
what
honesty
proves
or
authenticity
proves.
A
We
are
reiterating
again
and
again
our
service
and
getting
better
thanks
to
the
feedback
we
continuously
from
the
community,
and
there
are
many
projects
based
on
the
minute
and
the
testament
that
are
based
on
replies.
So
we
see
ourselves
as
a
part
of
an
infrastructure,
meaning
that,
in
order
to
have
really
useful
application,
you
need
to
provide
reliable
data
to
production
applications.
So
we
see
ourselves
as
a
very
important
piece
for
the
this
infrastructure,
this
blockchain
infrastructure
to
work.
A
In
fact,
we
are
not
integrated
with
the
theorem
only,
but
even
with
other
blockchain,
so
in
general,
what
we
provide
is
this
Oracle
service
with
integrations
with
specific
blockchain
technology,
so
it's
Bitcoin
with
atheneum
in
different
ways,
of
course,
and
at
the
moment
there
are
real-world
application,
very
interesting
ones
actually
which
are
based
on
our
clothes
and
they
range
from
well.
More
simple
cases
are
like
gambling
games
to
things
like
flight,
the
insurance
projects
or
even
more
advancements.