Space and Time, which started as part of a Chainlink Labs program that supports the development of Web3 startups, uses Chainlink and other sources to pull data from blockchains, decentralized applications and off-chain systems. It’s database processes the data off-chain, avoiding high transaction or gas fees and slow throughput, and then transmits the data to a validation layer to be verified. The validated data is sent back on-chain to smart contracts, which is where the blockchain application that requested the data can see the results.
Source: https://www.coindesk.com/business/2022/07/28/decentralized-data-platform-space-and-time-raises-10m/?utm_medium=referral&utm_source=rss&utm_campaign=headlines