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Taurus joins ubinetic's oracle service as Data Transmitter

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Geneva, Zug – June 4, 2021: Taurus SA (“Taurus“) is pleased to announce that it joins ubinetic’s oracle service as an independent Data Transmitter.

In May 2021, the Zug based company ubinetic announced the launch of new, open-source oracles that leverage Android’s key attestation and built-in hardware security modules to create a verifiable trusted execution environment. Ubinetic’s oracle application fetches prices from liquid markets, checks whether the source data is accurate, timely and complete and signs the data to ensure that manipulation can be detected. To ensure that the application is run independently, so-called Data Transmitter run the mobile devices. For more information, read ubinetic’s medium blog post here.

JP Aumasson, Taurus co-founder and Chief Security Officer:
“Sound oracle solutions are key to to secure decentralized financial applications. With ubinetic, Tezos won a novel and elegant technical solution for oracles, and we are pleased to act as a Data Transmitter to further strengthen the independence of off-chain data used on Tezos.”

Werner Brönnimann, ubinetic co-founder:
“We are excited to see that Taurus joins the ubinetic oracle as a Data Transmitter. We know Taurus for its state-of-the-art blockchain technology and, additionally, the company is highly experienced on Tezos. Our oracle services are built with Tezos smart contracts and use battle-tested technology from Google and Android. Considering both, Taurus is a perfect fit!”

Ubinetic builds tools that support the creation of synthetic assets. Ubinetic works with Tezos, a third-generation blockchain to leverage its smart contracts capability and the ecological advantages generated by its proof-of-stake protocol, unlike high-energy-consumption proof-of-work networks. For more information, please visit ubinetic’s website.