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The lack of trustless integration with web2 is one of the leading reasons that blockchains feel siloed from the rest of the world – there’s currently no way of trustlessly interoperating with the exabytes of existing information online, built up over decades by millions of users, that plug into every system we use every day. The resulting isolation of blockchains leads to fully contained apps and ecosystems: a great fit for DeFi or gaming, but a terrible fit for prosocial applications trying to weave themselves into our daily lives. One of the main causes of this divide is the oracle problem: there’s no trustless way to ingest off-chain identities, stock prices, or physical actions onto web3, meaning that we have to trust intermediaries like Chainlink, hardware enclaves, tls-notary MPC networks 1, or http proxies to do an API request for us to get that data. Giving these centralized organizations control over all data ingestion for blockchains fundamentally undercuts the premise of dec

Dec 12, 2022 crypto zk The lack of verifiablity of data is going to really matter in an age where AI can generate infinite amount of personal identity verification documents, fake text records, and receipts. The only way to understand provenance is via digital signatures from the source - in most cases though, no such signature exists. As a result, people often default to using attestations i.e. third parties that attest to having verified the data. While we haven't seen major risks yet, embedding society's trust in these centralized systems carry existential risks - third parties cannot trust

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