Switchboard operates as an "Everything Oracle," providing a unified platform for accessing and integrating diverse data sources. This service simplifies complex data aggregation by offering standardized APIs for various information streams. The core value lies in delivering reliable, consolidated data access necessary for application development and decision-making.
Funding
$11M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BVCHFounders
Product
Problem
Smart contracts require real-world data to execute complex functions, but accessing this data securely and reliably across different blockchains is challenging. Existing oracle solutions often lack customization options and can be expensive, limiting the potential of decentralized applications.
Solution
Switchboard provides a permissionless oracle network that enables developers to create customizable data feeds from APIs, facilitating the integration of real-world data into smart contracts across multiple blockchains. The network is secured by Trusted Execution Environments (TEEs) to ensure the verifiability of oracle software and its executions at the hardware level. Switchboard offers a suite of services consisting of data feeds, randomness, and secrets, catering to all on-chain data needs.
Target Audience
The primary users are developers building decentralized applications (dApps) across various blockchains who require secure, reliable, and customizable data feeds.
Features
- Permissionless oracle network that connects dApps to real-world data
- Customizable data feeds from APIs
- Support for multiple blockchains
- Trusted Execution Environments (TEEs) for network security
- On-demand and V2 push applications
- Data feeds, randomness, and secrets services
- Development tool with an all-in-one interface for building on top of the suite of services