{"id":46452,"date":"2023-08-21T06:26:23","date_gmt":"2023-08-20T20:26:23","guid":{"rendered":"https:\/\/www.tomgrimshaw.com\/tomsblog\/?p=46452"},"modified":"2023-08-21T06:26:23","modified_gmt":"2023-08-20T20:26:23","slug":"cbdc-hiccup","status":"publish","type":"post","link":"https:\/\/www.tomgrimshaw.com\/tomsblog\/?p=46452","title":{"rendered":"CBDC Hiccup"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-46453\" src=\"http:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2023\/08\/BIS_Oracle_Flowchart-300x196.png\" alt=\"BIS Oracle Flowchart\" width=\"594\" height=\"388\" srcset=\"https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2023\/08\/BIS_Oracle_Flowchart-300x196.png 300w, https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2023\/08\/BIS_Oracle_Flowchart-768x501.png 768w, https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2023\/08\/BIS_Oracle_Flowchart.png 826w\" sizes=\"auto, (max-width: 594px) 100vw, 594px\" \/><\/p>\n<p>It looks like there is a kink and delay in the roll-out of the CBDC (and by extension, personal social-carbon credit allowances) due to a tech issue that somehow has not been resolved with smart-contract blockchains. The Oracle Problem. Oracles are commonly recognized for their data transfer capabilities, i.e., fetching information from the real world and delivering it onto a blockchain so it can be referenced by a smart contract application. The Oracle Problem is the inability for blockchains to natively connect to external data resources in a manner that\u2019s highly reliable and tamper-proof.<\/p>\n<p>Keep reading:\u00a0<a href=\"https:\/\/bantamjoe.com\/blog-2\/\">https:\/\/bantamjoe.com\/blog-2\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It looks like there is a kink and delay in the roll-out of the CBDC (and by extension, personal social-carbon credit allowances) due to a tech issue that somehow has not been resolved with smart-contract blockchains. The Oracle Problem. Oracles are commonly recognized for their data transfer capabilities, i.e., fetching information from the real world &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.tomgrimshaw.com\/tomsblog\/?p=46452\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CBDC Hiccup&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-46452","post","type-post","status-publish","format-standard","hentry","category-general-interest"],"_links":{"self":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/46452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46452"}],"version-history":[{"count":1,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/46452\/revisions"}],"predecessor-version":[{"id":46454,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/46452\/revisions\/46454"}],"wp:attachment":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}