The Good Tech Companies - How Space and Time's Mainnet Launch Could Reshape Data Access in Web3

Episode Date: May 8, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/how-space-and-times-mainnet-launch-could-reshape-data-access-in-web3. Space and Time launche...s its mainnet, introducing ZK-proven data queries for smart contracts. Here's how it could change onchain data access. Check more stories related to tech-stories at: https://hackernoon.com/c/tech-stories. You can also check exclusive content about #space-and-time, #blockchain, #dlt, #web3, #cryptocurrency, #good-company, #space-and-time-news, #mainnet, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. Space and Time launches its mainnet, introducing ZK-proven data queries for smart contracts. Here's how it could change onchain data access.

Transcript
Discussion (0)
Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. How Space and Time's mainnet launch could reshape data access in Web3, by Aishan Pandey. Hashtag can smart contracts truly trust their data? Smart contracts operate on the principle of trustless execution, yet they often rely on external data sources that may not be verifiable. This reliance raises concerns about the integrity of the data feeding into decentralized applications, DApps. The launch of Space and Times Maynet introduces a solution aimed at addressing this challenge by enabling smart contracts to access
Starting point is 00:00:36 and verify data through cryptographic proofs. Understanding Space and Times approach. Space and Time is a decentralized data warehouse that integrates zero-knowledge, ZK, proofs to ensure the integrity of data used by smart contracts. By leveraging its proprietary technology, proof of SQL, the platform allows developers to execute SQL queries whose results can be cryptographically verified. This means that smart contracts can now access data with an added layer of trust, reducing the risk of tampering. The platform indexes data from various blockchains, including Ethereum, and stores it across a decentralized network of validators.
Starting point is 00:01:15 Developers can query this data, obtain ZK proofs of the query results, and integrate them into their smart contracts. This process ensures that the data used is both accurate and verifiable. The role of proof of SQL. Proof of SQL is central to space and time's offering. It enables the generation of ZK proofs for SQL queries, ensuring that the data retrieved has not been altered. This is particularly important for applications that require high data integrity,
Starting point is 00:01:43 such as decentralized finance, DeFi, platforms and supply chain tracking systems. For example, a DeFi application calculating interest rates based on user activity can use proof of SQL to verify that the underlying data has not been manipulated. This adds a layer of security and trust to the application's operations, integration with existing ecosystems. Space and Time's technology is designed to be compatible with existing blockchain ecosystems. The platform's integration with Chainlink allows for the delivery of ZK-proven data to smart contracts via Chainlink's Oracle network. This integration facilitates the use of verified data in a wide range of applications, from
Starting point is 00:02:22 financial services to gaming. Additionally, Space and Time's presence on the Microsoft Azure Marketplace indicates a move towards bridging traditional cloud services with decentralized applications. This could pave the way for enterprises to adopt blockchain technology more seamlessly. Implications for Developers and Enterprises For developers, Space and Time offers tools to build applications that require high data integrity without compromising on scalability. Enterprises can leverage the platform to ensure that their blockchain-based applications operate on trustworthy data,
Starting point is 00:02:55 which is crucial for maintaining compliance and trust with users. The main at launch also introduces the SXT token, which serves as the native utility token for the platform. It is used for staking, validator rewards, and payment for data queries, incentivizing participation in the network. Personal perspective The introduction of ZK-proven data access through space and time represents a significant advancement in the blockchain space. By addressing the challenge of data integrity in smart contracts, the
Starting point is 00:03:25 platform opens up new possibilities for building secure and reliable decentralized applications. However, the success of this approach will depend on the adoption by developers and the broader blockchain community. Final thoughts. Space and Times main at launch marks a step forward in enhancing the trustworthiness of data used in smart contracts. By providing tools that ensure data integrity through cryptographic proofs, the platform addresses a critical need in the development of decentralized applications. As the blockchain ecosystem continues to evolve, solutions like space and time could play a pivotal role in shaping the future of data
Starting point is 00:04:00 access and verification. Don't forget to like and share the story. Tip Vested Interest Disclosure. This author is an independent contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality, but the claims herein belong to the author. Hashtag dyo. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit hackernoon.com to read, write, learn and publish.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.