Thursday, May 14, 2022

Honeycomb Connects API Data to Cardano Smart Contracts via Chainlink

Connecting Blockchain Smart Contracts to API Data

Honeycomb API's provide data to Cardano Blockchain Smart Contracts via Chainlink.

The Honeycomb API Marketplace links blockchain-based smart contracts to relevant datasets, creating real-world applications; smart contract developers can access a library of APIs from a variety of categories. 

Honeycomb works by connecting premium API data providers to decentralized oracles, making the API available for smart contracts without a centralized point of failure - easy-to-use interface connecting smart contracts to the data that developers need is made extremely simple.

APIs provide important market data for both traditional assets and crypto, forex rates, weather data, flight data, city and population data, sports scores and much more for Cardano dApp developers creating distributed applications such as DeFi, insurance, trade finance, real estate, sports betting, or any data-rich dApp that requires data of outside of the blockchain realm. Additionally, API's listed on the Honeycomb API Marketplace are immediately available on the Chainlink Network.

Blockchain 3.0, Cardano Foundation, Input Output, Emurgo
Cardano Blockchain 3.0    ADA Cryptocurrency
EMURGO is a global blockchain technology company providing solutions for developers, startups, enterprises and governments integrating onto the Cardano blockchain. EMURGO develops enterprise-grade applications, builds developer tools, invests in startups, and provides blockchain education; the company has offices and manages projects in Singapore, Japan, the USA, India, and Indonesia.

Input|Output is the engineering firm developing the Cardano platform, which has more advanced features of any protocol to date, and is the first to evolve out of a scientific philosophy. The large team of expert engineers and researchers, drawn from around the globe, began by deconstructing the concept of a cryptocurrency and incorporating a ground-breaking Proof of Stake Algorithm, Ouroboros. The IOHK team employed a first principles approach driven by peer-reviewed, academic research to build Cardano from the ground up.
The Cardano Foundation, an independent-entity based in Switzerland, supervises the development of Cardano and its ecosystem; they are committed to protecting and promoting Cardano, and to advocating on behalf of the users and community of the protocol.