GREETINGS, ZAPPERS!
One of the oracles applications is in the finance industry!For years, leading minds have been saying that data is oil. Google and Facebook produce valuable data through their everyday operations, and sell that data to those who are able to
turn that data into profit.
Traders in various markets are constantly looking for alternative data. This data, often called Alpha data, is capable of producing a profit; and is thusly highly coveted by traders. There are tens of thousands of hedge funds that are filled with quantitative and algorithmic traders who use data in order to make their trades. Quants extrapolate metadata in order to analyze trends.
With oraclized smart contracts, quants will have another tool that can be used to execute their trades automatically.Through the Zap Store, traders can access numerous data feeds.If you want to learn more about the Zap, take a look at the whitepaper.Feel free to discuss about the Zap and oracles in the Telegram group.