Wednesday, February 28, 2024
Blockchain

Oracle Red Bull Racing Teams Up with Mysten Labs for Blockchain Engagement via Sui Platform

Sui has been selected to serve as the official blockchain partner for Oracle Red Bull Racing.

Oracle Red Bull Racing Validator will be available on Sui thanks to the collaboration between the team and Mysten Labs.

Mysten Labs, which was the project’s first contributor, will be in charge of managing and operating the validator.

In order to enhance the Sui protocol, the Oracle Red Bull Racing Validator will take part in the process of reaching a consensus throughout the network. This will assist to guarantee that the blockchain is populated with only genuine data.

Oracle Red Bull Racing Team Principal and Chief Executive Officer Christian Horner remarked that the team was an early user of blockchain technology in Formula One. He noted that the company saw the technology’s potential to link fans all over the globe with the team in a manner that was both innovative and forward-thinking.

This experience will be improved because to the cooperation with Sui, which will make accessing it simpler, more secure, and more interesting.

They are pleased to provide their support to Oracle Red Bull Racing at this exciting time as the team investigates novel approaches to building connections with fans.

The Oracle Red Bull Racing Validator was released after the team decided in June 2023 to make Sui its Official Blockchain Partner as part of a multi-year agreement with Mysten Labs to build on Sui. 

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform. Its purpose is to enable the ownership of digital assets quick, private, and safe while also making them available to everybody. Parallel execution, sub-second finality, and rich on-chain assets are all made possible as a result of its object-centric approach, which is based on the Move programming language.

Since the beginning of the FIA Formula One World Championship, Oracle Red Bull Racing has consistently shown to be one of the most formidable teams in the competition.

The team has become one of the most successful teams in Formula One as a result of their enthusiasm, playfulness, ambition, and extraordinary successes. They are recognized as one of the most successful teams in the sport.

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