Phoenix.Global. Discover how the ability to build oracles expands the spectrum to creating data events and smart contracts.
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Customer Experience through Phoenix Global
1. Phoenix Global:
Deployment of Intuitive
Customer Experience
phoenix.global
Without Oracles, it would be impossible to bridge
information between blockchains and external
resources. Phoenix Global platform is an
Oracle-based project that connects decentralized
applications with external real-world information.
https://phoenix.global/
2. phoenix.global
The absence of oracles in the blockchain realm
has been a significant problem. It impacts the
capacity of building useful decentralized
applications. Oracles enable developers to
include events into smart contracts. However, the
ability to build oracles expands the spectrum to
creating data events and smart contracts.
Enhancing the customer experience of any digital
product requires a considerable data component.
According to the podcast “Secrets of Audience
Intelligence,” how a business collects data and
customer behavior comes in handy when creating
connection, usability, and bonds across customer
channels.
Phoenix Global’s role of Data in
Enhancing Customer Experience
across DeFi
3. phoenix.global
Blockchains are even more helpful when
customizing decentralized finance channels that
demand data, such as price feeds, historical
performance, and forces of demand/supply when
establishing the value of assets.
What is Federated
Learning?
Also known as Distributed Artificial Intelligence, this
feature helps the Phoenix Oracle collaborate with
and learn more about large datasets without
interfering with the data’s privacy. The main
objective of this functionality is to learn from data
and help customers make the right decisions while
still maintaining the privacy of the data.
4. phoenix.global
Data ownership and
transaction
Today, built-in data protection protocols have
become an inherent part of the digital experience.
Phoenix Global endeavors to make this possible
across decentralized Oracles through its data
transaction layer, which runs on a trustless
consumer data ownership mechanism and
decentralized, encrypted data storage.
Data transactions require an element of trust, and
underlying data privacy problems have become a
vital concern. The Facebook-Cambridge analytical
scandal stood out because it involved the largest
acquisition of Facebook data belonging to millions
of users.
https://www.nytimes.com/2018/04/04/us/politics/cambridge-analytica-scandal-fallout.html
https://www.nytimes.com/2018/04/04/us/politics/cambridge-analytica-scandal-fallout.html
5. phoenix.global
All types of finance rely heavily on numbers.
Phoenix Global is built on top of the two-fold
consensus mechanism. While the decentralized
application can learn from outside data points,
outside sources can also retrieve data from the
blockchain.
Actionable price
feeds
Phoenix Oracle offers a variety of market price
feed oracles. Cryptocurrency investors who’d like
to dabble in the stock market can benefit from
traditional finance market indices oracles as well
as equity assets oracles.
Real estate, art, and collectibles are linked to
smart contracts via Phoenix’s physical assets
price feed. A good use case is when locking up
real estate as collateral; physical asset oracles
feed price data to the smart contract. The price
data helps adjust the lock-up time.
6. phoenix.global
Closing remarks
The benefits of Phoenix Global enable decentralized
applications to expand into new use cases outside
of tokenization and synthetic assets. Developers
can now innovate dependable, efficient, and
consumer-focused decentralized applications that
are scalable and intelligent.