The Red Bull Formula One racing team is using blockchain technology to secure its communications with fans

This comes just a few weeks after adopting Sui as its official blockchain partner and offers a new way for fans to engage with the team through the use of blockchain technology.

California-based Mysten Labs has now launched the Oracle Red Bull Racing Validator on Sui. Mysten Labs, the initial contributor to Sui, will manage and operate the validator.

Blockchains are databases but, unlike traditional databases that are controlled by a single authority, the defining feature of public blockchains is they are decentralised. Instead of a centralised entity controlling the data, blockchains rely on a network of machines to determine what pieces of data will be added, updated or deleted from storage. The machines they depend on for this function are called validators.

Without these validators, the blockchain would cease to operate. The Red Bull Validator will, like other validators on the network, participate in the network’s consensus process to help ensure that only valid data are added to the blockchain, bolstering the Sui protocol.

“Oracle Red Bull Racing was an early adopter of blockchain technology in Formula One, recognising its potential to connect fans all over the world with the team in a truly unique and forward-thinking way,” said Christian Horner, Red Bull team principal and CEO. “Partnering with Sui will elevate that experience, making access easier, more secure and engaging.”

Evan Cheng, CEO of Mysten Labs, added: “The ultimate potential of blockchain technology lies in its ability to build community and increase connection. We are proud to support Oracle Red Bull Racing as they explore new forms of building connections with fans.”

The launch of the Red Bull Validator follows the Team’s selection of Sui as its official blockchain partner in June 2023 under a multi-year partnership with Mysten Labs to build on Sui.

Sui is a layer-one blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications.

Mysten Labs is a team of distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects.

Oracle Red Bull Racing is leading the 2023 FIA Formula One World Championship having won every race so far this season. Its lead driver Max Verstappen is leading the drivers championship.