Purpose

<aside> <img src="/icons/pencil_gray.svg" alt="/icons/pencil_gray.svg" width="40px" /> ChainSettle is a Web3 oracle system running on the Akash network that verifies off-chain events—like payments, signatures, or GitHub activity—and attests them on-chain to trigger smart contract settlements.

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Team

• Brandyn Hamilton - Data Analyst and Python Developer
  • Master in Management and Fintech from NJIT
  • Lead Data Analyst at OurNetwork, crypto news publication
  • Linkedin Profile: https://www.linkedin.com/in/brandyn-hamilton/

Problem

• Lack of action-based verification
  • Oracles like Chainlink can fetch data, but they can’t verify that a user actually performed an off-chain action — like submitting work, sending a payment, or completing a milestone.
• No verifiable way to attest fiat transactions onchain
  • There's no developer-friendly system for securely detecting real-world payments (e.g., wires, ACH) and posting them onchain. Teams are left relying on screenshots, manual reviews, or custodial flows that break automation.
• Smart contracts can’t react to real-world intent
  • Today’s oracles are passive and schedule-based — they can’t respond to human-driven events like “I pushed to GitHub” or “I submitted a grant application,” limiting composability in bounty systems, DAOs, and conditional workflows.

Solution

• ChainSettle verifies actions, not just data
  • Unlike traditional oracles, we confirm real-world human actions — like bank payments or code pushes — and attest them onchain.
• Secure off-chain bridging with Plaid and APIs
  • Using APIs like Plaid, ChainSettle detects fiat activity (e.g., ACH, wires) and creates cryptographic attestations for smart contracts to trust.
• Programmable, event-driven smart contract triggers
  • Users prove they did the thing — ChainSettle posts the proof — smart contracts execute. Bounties, reimbursements, and real-world logic now settle onchain.