Catalyzing the Web3 Revolution: Space and Time’s ‘Proof of SQL’ Syncs Seamlessly with Chainlink’s Trustless Ecosystem
Title: Catalyzing the Web3 Revolution: Space and Time’s ‘Proof of SQL’ Syncs Seamlessly with Chainlink’s Trustless Ecosystem
Introduction
In a significant development, Space and Time announced its integration with Chainlink, marking a groundbreaking step towards ensuring trustworthiness in blockchain functions. Through this partnership, Chainlink will directly leverage the innovative “Proof of SQL” verifier developed by Space and Time on its nodes, bringing the benefits of verifiable database query results to smart contracts and AI-driven businesses.
Elevating Data Verifiability with Proof of SQL
Space and Time introduced the Proof of SQL in August, initially designing it for queries within their data warehouse. However, it now extends its capabilities to a wider range of centralized and decentralized databases. The primary objective of this technology is to facilitate verifiable and ZK-proven (zero-knowledge proof) results, which is particularly invaluable for smart contracts, AI models, and large-scale business enterprises.
Nate Holiday, CEO of Space and Time, stressed the importance of universal access to Proof of SQL. He emphasized the convergence of AI and blockchain in global commerce and the imperative need for data verification, stating, “The future we envision is one where every database undergoes verification via our ZK-proof.”
How Proof of SQL Works
The operation of Proof of SQL is both straightforward and powerful. Databases generate a cryptographic proof, known as SNARK, of their SQL query’s execution. This verification process ensures the accuracy and integrity of the queries, guarding against tampering. It involves two main components: the Prover, responsible for generating the query’s proof, and the Verifier, which verifies the proof using a cryptographic data hash.
Space and Time and Chainlink Collaboration
The collaboration between Space and Time and Chainlink goes beyond integration. Space and Time’s system is seamlessly integrated with Chainlink Functions, enabling users to transmit their query outcomes directly from Space and Time to the blockchain. This integration enriches the partnership, allowing zk-queries to be directly available to smart contracts through the Chainlink Network.
Chainlink, known as a leading Web3 service provider, serves as a bridge between smart contracts, tangible data, computational tasks, and blockchains. With the involvement of Space and Time, zk-queries can now be seamlessly incorporated into smart contracts through the Chainlink Network.
Sergey Nazarov, Co-founder of Chainlink, expressed his enthusiasm for the partnership, highlighting the joint capacity of both entities in offering secure decentralized computation, specifically through the Proof of SQL ZK protocol. Nazarov stated, “Chainlink and Space and Time are at the forefront, ushering in a comprehensive decentralized technology platform that amplifies Web3’s scalability.”
Conclusion
Space and Time, as pioneers in creating the first AI-driven decentralized data warehouse, are pushing the boundaries of data synchronization between analytics and smart contracts. Their unique cryptography, Proof of SQL, presents innovative use cases in financial services, gaming, and DeFi sectors.
Chainlink, recognized as a gold standard in the Web3 service domain, continues to revolutionize the development of feature-laden Web3 applications. Through their decentralized oracle network and collaborations like the one with Space and Time, Chainlink empowers businesses and developers to harness the full potential of blockchain technology.
Together, Space and Time and Chainlink are propelling the industry towards an era defined by robust data verifiability, enhanced smart contract operations, and increased enterprise adoption of blockchain solutions.
