The blockchain industry has been successfully growing for the past years. Ethereum is the core public chain of the blockchain industry, it has different digital assets on it.

The blockchain industry has been successfully growing for the past years. Ethereum is the core public chain of the blockchain industry, it has different digital assets on it, and its smart contracts run various tasks. These smart contracts require information to execute automatically. But this information must be provided by the oracle.

Solve the pain points of the DeFi industry

DIA plans to create a platform to give accurate financial data from reliable sources in a decentralized way.  Paul Claudius is the founder of DIA, who used to work in a private equity investment bank. He met the co-founder of DIA in 2017. DIA was created after Claudius and his co-founder saw the absence of reliable data sources in the DeFi industry. So it pushed the company to provide a solution to the pain point of DeFi.

DIA uses an exclusive technology in running the DeFi ecosystem. This platform provides different blockchain data to track the pain points of DeFi applications, unlike the usual system where most smart contracts require data information.

Trusted data sources

Traditional finance is being combined into the DeFi field, but DIA offers higher-level data services for this. In addition, DIA also provides off-chain and on-chain data sources.

You only need to fill in a ticket to obtain transparent and reliable data from DIA since DIA already has a large amount of financial data for the data on the chain that requests different smart contracts.

For NFT, it is mainly settled off-chain. However, most NFTs are used in other applications that are not directly on the chain, such as Polygon and other markets. Therefore DIA creates a DeFi raw data for NFTs data and provides APIs for correct information access like Statistical Analysis System or SAS.

Conclusion

DIA is finding a way to combine DeFi and traditional finance. This platform aims to become a data source for different blockchain ecosystems and make it transparent and free from the influence of smart contracts or traditional APIs.

Within three years, its oracle platform and processes are expected to be completely decentralized. DIA also plans to create a completely independent platform and continue to innovate how blockchain provides information. By building a decentralized autonomous organization (DAO), DIA will give a piece of more accurate information in the industry.

The most accessible way to join the DIA community is by joining the DIA WeChat group. Therefore, the DIA WeChat group will be your best choice. At present, there are already many participants in the group, welcome to join the DIA community.