Witnet

Witnet

Create smart contracts with real power!

Create smart contracts with real power!

Overview

Raised this Round: Raised: $1,070,000

Total Commitments ($USD)

Platform

Republic

Start Date

03/01/2018

Close Date

03/25/2018

Min. Goal
$200,000
Max. Goal
$1,070,000
Min. Investment

$50

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Year Founded

2018

Industry

Business Services, Software, & Applications

Tech Sector

Location

Seattle, Washington

Who Should Be Interested:
Do you believe in the future of blockchain technology? Do you wish there was a clearer answer to “The Oracle Problem”? If this sounds like you, then Witnet could be the investment you’ve been waiting for. They’re here to offer a solution to that problem by connecting smart contracts -- to any external data source.

The Company:
Witnet offers an answer to “The Oracle Problem.” This problem centers on the fact that blockchain technology has the power to revolutionize business through creating smart contracts, but those smart contracts are currently completely isolated from the rest of the Internet. Witnet’s solution to this issue is simple and direct; their protocol connects smart contracts to any online data source. Everything from sports results and stock prices to weather forecasts or other blockchains can now be connected through Witnet’s distributed network of mining notes, called witnesses. Witnesses also validate transactions into the network and bundle them into blocks so they get appended to the blockchain periodically. Additionally, Witnet offers “bridge nodes,” which complement and complete other smart contract platforms, such as Ethereum.

The Bottom Line:
Witnet’s technology is here to revolutionize the future of blockchain. They allow you to create real smart contracts -- with real power.
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Witnet on Republic
Platform: Republic
Security Type: Debt

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