Band Protocol is a Data Oracle, a middle layer that responsible for collecting and processing data from physical world, the data then verified by validator nodes, before inputting that data into a blockchain or Decentralized Applications (dApps)
Here is the take. Originally, information from the physical world that needed to be put into a blockchain can be quite dangerous, because it has to be put manually by hand. If that information is wrong, or the one who put it has bad intentions, then the whole blockchain will be at risk.
That is where Band Protocol comes into play. Band Protocol will take responsibility of collecting data from the physical world, the data then verified by validator nodes before inputting that data into a blockchain. This whole process is operated automatically by the algorithm created by Band Protocol’s Team of Developers. You could say that Band Protocol will be a key player who leverages the security level for the Blockchain community to another level.
For questions and inquiries, please feel free to contact us.
BITKUB ONLINE Co., Ltd.
Telephone: +66 2-032-9555