Tangible's Proof of Reserves integration utilizes three key components to certify the assets backing #RealUSD.
22 Sep 2023, 17:15
Tangible’s Proof of Reserves integration utilizes three key components to certify the assets backing #RealUSD.
@chainlink On-Chain PoR Feed: Decentralized calculation of USDR’s total backing, with oracle sourced values for all on- and off-chain assets, demonstrated to exist based on on-chain data and off-chain attestation.
Off-Chain Asset Attestation: Working with The Network Firm, a registered CPA and leading platform for PoR, they’ll complete a monthly attestation with procedures intended to demonstrate existence and ownership status of the properties held in the treasury.
Decentralized Property Values: Chainlink oracle managed by @MatrixedLink pulls home values from various APIs including Hometrack and House Canary to provide objective, third party valuations on the properties backing $USDR.