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On the Open Oracle Project Slack Channel it was suggested that http://feedbase.io/ could be used for the Ethereum blockchain component of the solution. This issue is for exploring the feasibility of this, or identifying another appropriate approach.

A server application will need to be developed that can contain a database of web/api data feeds. Ideally this should be easy to update, as end users should be able to add new web/api feeds to the database. This would require an API wrapper that can access various web/api feeds and utilise the received data and be used in a standard blockchain transaction, which can be sent to the blockchain data relay smart contract.