SmartContract.com, a blockchain-based application developer, has announced the launch of Smart Oracles Platform that provides solutions to connect the world’s existing data and financial infrastructures with bitcoin and Ethereum.

According to the official release, the Smart Oracles Platform simplifies the critical connectivity between bitcoin and Ethereum. It also eases the existing infrastructure that commands smart contracts and making ongoing updates.

"Easily connecting smart contracts to the data sources, internal services, and bank payment methods desired by users is the next step in making them truly useful for real world use cases," Sergey Nazarov, CEO of SmartContract.com said.

Smart Oracles currently supports bitcoin and Ethereum blockchains. It supports Ethereum smart contracts for Insurance and Derivatives. Apart from supporting smart contract developers, the company also released a series of Free Public Oracles which provides common data feeds to any Ethereum smart contract.

The three initial Free Public Oracles that are available for immediate use includes US Federal Funds Rate Oracle, Bitcoin to USD Price Oracle and Ether to USD Price Oracle. These public oracles reduce the development time of smart contracts and provide an opening demo of types of smart oracle. The company plans to implement more Free Public Oracles and invites requests or suggestions.             

Based in San Francisco and funded by top-tier venture capital firm Data Collective, SmartContract.com's team is committed to accelerating the use of smart contracts as a key building block for the trustless commerce revolution currently underway.