Abstract: In this paper, we pointed the potential utility of peer prediction method to the existing consensus building in decentralized oracle systems where participants aim to verify the validity of input information to blockchain without relying on a trusted third party (TTP). This is important because, despite the recent expectation of implementing decentralized oracle systems, few discussions have dealt with the incentive design for their consensus building, much less the synergy with peer prediction method. Specifically, we mentioned the followings through the survey of preceding studies: (i) the current predominant method of staking that allows validators to bet the reward tokens has the limitations such as a vulnerability to strategic behavior and a lack of incentive to participate in the verification, (ii) these problems could be solved by peer prediction method which determines the amount of rewards based on the posterior probability distribution on the report of others updated by one’s own report. Peer prediction method can encourage validators to perform proper verification while supplementing the token-based rewards, and thereby can contribute to the realization of the mining mechanism based on subjective review instead of computational resources. On the other hand, several obstacles still remain to propose a practical incentive design, such as the fluctuation of token price that would prevent peer prediction from incentivizing proper verification.