# Oracle redstone from another perspective By [ssarra.eth](https://paragraph.com/@ssarra.eth) ยท 2024-01-30 --- ![](https://storage.googleapis.com/papyrus_images/5c93f6e17d6cc9a528358e64b164e7f3.jpg) Redstone: Oracle for the real world Redstone is a blockchain-based oracle that provides real-world data to decentralized applications (dApps) and smart contracts. Redstone helps dApps and smart contracts become more efficient, reliable and secure by providing accurate, up-to-date and reliable data. How does Redstone work? Redstone uses a network of nodes to collect data from the real world. This data is then stored on the Arweave blockchain, which is a permanent and retrievable blockchain. dApps and smart contracts can access this data through the Redstone API Redstone benefits Redstone offers several advantages over traditional oracles, including: Accuracy: Redstone uses a rigorous validation process to ensure data accuracy. Up-to-date: Redstone updates data in real-time, so dApps and smart contracts always have access to the latest information. Reliability: Redstone is backed by a large network of nodes that ensures data is always available. Security: Redstone uses advanced encryption to protect data from tampering and hacking. Affordable: Redstone uses a transparent and affordable pricing [model.Redstone](http://model.Redstone) uses Redstone can be used in a wide variety of applications, including: Decentralized Finance (DeFi): Redstone can be used to provide price data, exchange rates and other relevant data to DeFi applications such as decentralized exchanges (DEX) and lending platforms. Supply chain: Redstone can be used to track the movement of goods in the supply chain and provide consumers with information about the origin and status of goods. Blockchain Games: Redstone can be used to provide game data such as scores, stats and player positions to blockchain games. Identity: Redstone can be used to verify the identity of individuals and organizations in blockchain applications. Examples of Redstone projects Band Protocol: Band Protocol is a Redstone-based oracle that provides price data to DeFi applications.Chainlink: Chainlink is a Redstone-based oracle that provides a wide range of data to dApps and smart contracts. Everest: Everest is a Redstone-based oracle platform that allows developers to create custom oracles for their specific needs. The future of Redstone Redstone is becoming a leading oracle for the real world. By providing accurate, up-to-date and reliable data, Redstone helps dApps and smart contracts become more efficient, reliable and secure. Redstone has the potential to revolutionize the way dApps and smart contracts interact with the real world. As Redstone grows and develops, we will see the emergence of new and innovative applications that use real-world data to provide better user experiences --- *Originally published on [ssarra.eth](https://paragraph.com/@ssarra.eth/oracle-redstone-from-another-perspective)*