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Q » What is insurance oracle dependency?
02 Nov, 2025
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A » In blockchain, insurance oracle dependency refers to the reliance on external data sources, known as oracles, to provide real-world information needed to execute smart contracts for insurance purposes. These oracles supply crucial data like weather conditions or market prices, ensuring that the terms of insurance contracts are met accurately. This dependency underscores the importance of secure and reliable oracles to maintain trust and functionality in decentralized insurance applications.
03 Nov, 2025
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