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SafeData Pass is an on-chain verifying protocol powered by BSC. It provides reliable off-chain data efficiently and in a trustless manner. SDP is built and constructed as a parachain to link to BSC ecosystem and share its security consensus. It is a scalable network that provides decentralized data services to the BSC ecosystem and its parachains.
What are use cases for SDP?
Decentralized Finance
SDP provides precise and reliable real-time off-chain data for DeFi use cases such as decentralized stable coins, AMMs, lending, insurance, and financial derivatives. It provides convenient out-of-the-box stable infrastructure for the development of DeFi projects
Decentralized Identity
Decentralized identity solutions provide secure, controllable, and portable digital identities, and offer one-stop solutions to wallet providers, verification providers, DAPP developers, and infrastructure providers
Internet of Things
Data parameters captured by IoT devices can be used to trigger smart contracts and create new business models within supply chains, smart home industries identity confirmation and more. SDP protocol can work as a secure middleware between these IoT devices and the blockchain. It can verify the data coming from IoT devices before delivering it to the blockchain
Prediction Market
Decentralized prediction markets, use the wisdom of the crowd to predict real-world results, such as presidential elections and sports betting results
Games and NFTs
SDP protocol can provide verifiable randomness on the chain which can be used to generate unpredictable gameplay scenarios in block chain games or enable the minting of NFTs