Summary of Privacy-Preserving Oracles With DECO | Dahlia Malkhi and Osama Khan at SmartCon 2022

00:00:00 - 00:35:00

This video discusses Deco, a privacy-preserving oracle that can be used to verify data authenticity and determine whether it is from a trusted source. Deco can be used to verify data from a user's bank, social media account, or other sensitive information. The Deco zero knowledge technology is different from other zero knowledge technologies in that it is both less and more fire agnostic. It is faster and smaller in terms of memory footprint, and it is faster than when the technology started two years ago.

• 00:00:00 Chain link has announced that it is working on a technology called Deco which will allow for privacy-preserving oracles. Deco is currently in alpha testing and has already been used to bring data from the world into blockchains.
• 00:05:00 The Deco oracle technology is designed to protect user privacy by watching interactions between web servers and provers, verifying that the data being queried is authentic. This technology is ready to be deployed without any changes to existing web infrastructure, and can be used to bridge data credentials and capabilities locked in Web 2.0 services.
• 00:10:00 This video discusses Deco, a privacy-preserving oracle that can be used to verify data authenticity and determine whether it is from a trusted source. Deco can be used to verify data from a user's bank, social media account, or other sensitive information.
• 00:15:00 The Deco zero knowledge technology is different from other zero knowledge technologies in that it is both less and more fire agnostic. It is faster and smaller in terms of memory footprint, and it is faster than when the technology started two years ago.
• 00:20:00 The video discusses the privacy-preserving oracles technology developed by Dahlia Malkhi and Osama Khan, which allows users to make claims about data without needing to trust any third-party integrators. The technology is currently in Alpha testing, and the next step is to reduce trust in the integrators even further so that users can operate the prover directly on their devices.
• 00:25:00 The three examples given are an application for borrowing money, an application for proving that someone is a real person, and an application for renting cottages. All of these applications make use of Deco, a privacy-preserving oracle.
• 00:30:00 The video discusses privacy-preserving oracles with DECO, which are oracles that can verify an individual's identity and sign a temporary rental agreement. To build this infrastructure, the presenter would have to understand web standards, figure out DocuSign, and integrate with an identity provider. This would require a lot of leg work, but with burrata, the presenter can specify 10 lines of code and have an application up and running.
• 00:35:00 The speaker explains how Deco can be used to privacy-protect oracles, which allows third-party apps to verify data provenance without revealing consumer data.