/biz/ - Business & Finance

>according to Ari, data retrieval is just the beginning. “For most people, the world oracle is synonymous with middleware that does something very specific. It relays data from a website to a smart contract. But, I think where things get really interesting is when we think more expansively about the capabilities of oracles. You can think of an oracle network as an opportunity to build your own permissioned committee. You pay three oracles to relay data. You’re basically getting your own ad hoc committee, consisting of a number of entities you have handpicked and trust. When you have a trustworthy committee, there’s an awful lot you can do beyond merely relaying data.”
What did he mean by this though? What can you do?