Bitcoin Suisse Joins Ubinetic's Oracle Service as Data Transmitter

Jun 24, 2021 - 4 min read

Zug, 24 June 2021 – Bitcoin Suisse AG (“Bitcoin Suisse“) is today announcing its crypto technology partnership with ubinetic, joining ubinetic’s oracle service as an independent Data Transmitter. Built with Tezos smart contracts, ubinetic’s oracle services provide real-world data to the blockchain world. As a Data Transmitter, Bitcoin Suisse will ensure that market data for oracles are independently delivered to decentralized applications.

Zug-based ubinetic has launched new, open-source oracles in May 2021 that leverage Android’s key attestation and built-in hardware security modules to create a verifiable trusted execution environment. Its oracle application fetches prices from liquid markets, checks whether the source data is accurate, timely and complete and signs the data to ensure that manipulation can be detected. To ensure that the application is run independently, so-called Data Transmitters run the mobile devices. For more information, read ubinetic’s medium blog post here.

Fabian Hediger, Head Innovation stated: “By partnering up with ubinetic, we are further innovating and exploring new technology solutions within the space of decentralized finance. The ability to create value for the crypto industry in general and the Tezos ecosystemin particular helps us to further establish Bitcoin Suisse as a technology pioneer and crypto-financial services leader in Switzerland and beyond.”

Werner Brönnimann, ubinetic co-founder added: “We are excited to see that Bitcoin Suisse joins the ubinetic oracle as a Data Transmitter. We know Bitcoin Suisse for its outstanding technical expertise, and we see significant synergies between the decentralized finance strategy of Bitcoin Suisse and ubinetic. Our oracle services are built with Tezos smart contracts and use battle-tested technology from Google and Android. With Bitcoin Suisse as an ecosystem participant, we are excited to build out first use cases!”

More information available on ubinetic website.

Bitcoin Suisse