Truflation
This time a darling of the community, Truflation, a Chainlink BUILD partner focused on providing a better way to track inflation using a more objective and decentralised method.
Truflation tackles a fundamental issue, inflation calculation. Official inflation numbers are being calculated using a century-old formula resulting in inaccurate results.
Truflation takes a different approach by using a more transparent method. Simply put, Truflation tracks the prices of thousands of items and services and reports an unbiased number. No additional calculations are needed.
With their dashboard, you can even filter by category and analyze the inflation rate in each product category.
Truflation started by tracking US's inflation rate, but is rapidly expanding. It now also tracks UK's inflation, and it's not a pretty side to behold...
Continuing with its expansion, Truflation is now offering other products, like an individualized inflation calculator.
Truflation is even now a data provider, with 8 data feeds.
Last but not least their latest solution, a widget, to integrate into any website, dashboard, or application.
Truflation is one of the 3 original BUILD projects. Not only that but it's also supporting other Chainlink BUILD protocols like NuonFinance a flatcoin pegged to inflation which of course uses the truthful inflation data provided by Truflation.
Truflation’s team is experienced and focused on providing quality data. They have many years of experience in the blockchain world with the likes of their CEO Stefan Rust, having previously served as Bitcoin.com’s CEO for over a year, and also being the CEO of NUON Protocol, another Chainlink BUILD partner, whose mission is to deliver a flat coin using Truflation’s inflation data.
