On Tuesday, Measurable Data Token (MDT) tweets about its newly launched blockchain oracle for financial data, MeFi.
Measurable Data Token offers a decentralized economy for both individuals (MyMDT Dapp) and businesses (Measurable AI). The whole MDT ecosystem is an Ethereum-based ecosystem, built on blockchain technology. Here, you can control and monetize your important data securely and anonymously. Any user, data provider, or data buyer can utilize MDT.
On the launch of MeFi, Heatherm Huang (co-founder of MDT) said that the data is great power in the field of financial markets, and without connecting with the external context, no DeFi can go mainstream. To fulfill this need with a secure and reliable touchpoint, we have launched MeFi to create a secure connection between the financial market and smart contracts. All the developers can access credible financial data with MDT tokens on the chain, Huang added.
MeFi or Measurable Finance will offer core financial data from capital market exchanges to public blockchains, in a real-time environment. For high-efficiency public blockchains, it will offer financial data like the intraday prices of companies listed. Not only MeFi will provide the end of the day market data for the low-efficiency blockchain ETH, but also other core financial data such as the financial derivatives, earnings of the companies listed, and smart contract’s ETFs. To realize MeFi, MDT has partnered with some reputed financial data providers while applying for the redistribution of real-time market data from financial market exchanges to public domains.
All-in-all, MeFi is one essential tool for the DeFi ecosystem (where the need for secure and reliable data exchanges is becoming of utmost importance for both the blockchain world and the capital markets).