Regulatory and Technological Challenges of Oracles Applied to Smart Contracts

Calderón-Marenco E.A.; Aristizabal-Tique V.H.; López J.G.A.; Arenas P.; Guido A.V.R.; Ravelo-Franco G. · Revista Juridica Austral (2025) · DOI: 10.26422/rja.2025.0602.cal

Resumen

This paper examines the regulatory and technological challenges of blockchain oracles, emphasizing their role in enabling smart contract automation and asset tokenization. The research employs a literature review alongside a case study of Oráculo Terrasacha, an oracle applied to environmental management and carbon emission offsetting. The findings highlight the critical role of oracles in bridging blockchain systems with external data, while also exposing vulnerabilities related to data integrity, security, and regulatory gaps. The study categorizes oracles based on data sources, trust models, and design patterns, offering insights into their suitability for different applications. It also emphasizes the urgency of establishing robust regulatory frameworks for oracle governance, ensuring accountability, and fostering decentralized data validation mechanisms to enhance transparency and security in blockchain ecosystems.

Instituciones: Universidad Continental