Smart contracts currently can only access data that is available on a blockchain. Zap is making it so that smart contracts are able to access data that is collected off-chain, and integrate it into smart contracts through oracles. Smart contracts are self executing, but they are only able to self execute with on-chain data. We are expanding the usability of smart contracts.
I see your team owns the Patent #US9608829- System and method for creating a multi-branched blockchain with configurable protocol rules. AKA SlideChain..
Is this the how ZAP is able to allow smart contracts to access data that is collected off chain and integrate to smart contracts through oracles?
Can you please elaborate on how the patent comes into play on the ZAP platform/marketplace?
Thanks in advance
I believe that patent was created to be used defensively. The ZAP platform does not currently make use of the patent as it is not necessary for our initial functionality. There is, of course, the possibility that we will incorporate elements of the patent in a future update.