The oracle problem: When blockchain smart contracts rely on external data

Learning objectives

After completing this course, the learner should be able to:

  • Define the blockchain oracle problem
  • Differentiate between oracles and data sources
  • Describe the risks introduced to the blockchain ecosystem when smart contracts rely on oracles
  • Identify ways to enhance the reliability of data provided by oracles
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Mark Sheldon

Instructor bio

Dr. Sheldon’s professional background includes working in academia as well as in public accounting. He started his career working for PwC in the Risk Assurance practice, with a focus on auditing the information technology environments used to generate financial statements along with attestation work of third-party service organizations (i.e., System and Organization Control (SOC) reports). When working at Virginia Tech and John Carroll University, he taught accounting undergraduate/graduate courses on Financial Accounting, Managerial Accounting, Accounting Information Systems and Information Systems Control and Assurance. His academic research focuses on the impact of blockchain on the accounting profession, assurance of non-financial information, and codes of professional conduct. He holds a Ph.D. in Accounting and Information Systems from Virginia Tech, a Masters of Accountancy from Miami University and a BS in Accounting from Miami University. He is also a recipient of the AICPA’s Accounting Doctoral Scholars scholarship and maintains both a CPA and CISA.

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