Band Protocol Ensures Interoperability between Smart Contracts and the Rest of the World.
One of the biggest challenges for the any decentralized application is to have access to trusted data and services over the traditional Web 2.0. Band Protocol tackles this problem by building a decentralized bridge to enable secure interoperabilities between smart contracts and the traditional web.
Smart contracts rely on external price feeds, events, and values provided via traditional web APIs to resolve its logics and enable secure token transfers. Band Protocol provides a secure, blockchain-agnostic, decentralized oracle framework for Web 3.0 applications. It connects smart contracts with trusted off-chain data and ensure the integrities through token economic incentives, effectively creating a trusted information bridge between the Web 2.0 and the Web 3.0 of the future.