glossary
Oracle
The private provenance registry — records that ownership changes happened, without revealing transaction details.
The private provenance registry. The Oracle records that ownership changes happened — but not the details of the transaction.
Think of a notary. A notary stamps that a document was signed on a certain date by a certain person. They don't read the document or care about its contents. That's the Oracle: it records that something happened, without revealing what.
Privacy by default. Auditability when needed.
How it works
Every time an ownership change occurs in the Onli system, the Oracle creates a cryptographic receipt. This receipt proves:
- That a valid change occurred
- When it happened
- That it was authorized
But it does not reveal:
- What the asset was
- How much it was worth
- The details of the transaction
This gives you two powerful capabilities:
- Prove ownership — You can demonstrate that you legitimately own something, with a verified chain of custody
- Maintain privacy — Nobody can snoop through your transaction history without your permission
The Oracle works alongside the Hashtory (the asset's internal history). The Hashtory is the asset's own memory; the Oracle is the external, independent notary.