ORAICHAIN: A LEADING AI SOLUTION FOR BLOCKCHAINS

| Exo Ventures Consultancy |
3 min readJul 7, 2021
Oraichain AI-powered Oracle

In similar speed with digitalization, various cryptocurrency projects have been developed and are serving users better due to its decentralized nature. A lot of these systems and applications are built on the blockchain technology which has with its sophisticated technological set-up given individuals the best service experiences.

As much as blockchain technology is of great advantage to these systems, most of it lacks the touch of AI models and as such it is difficult for them to carry out certain functions that require AI. With Oraichain APIs can be linked to smart contracts successfully through the use of AI models, creating Platforms for the development of new smart contracts and decentralized applications via the AI.

ABOUT ORAICHAIN

The Oracle Artificial Intelligence (AI) on the blockchain (Oraichain) has made it simple and possible for smart contracts to safely interact with the AI of Application Programming Interfaces (APIs). In order to facilitate the services of smart contracts, AI is adopted. It is via AI that individuals on the platform can successfully extract useful data from the blockchain.

FEATURES OF ORAICHAIN

Oraichain has a number of technical features that enables success for the AI in its ecosystem.

AI Market Community:

Individuals who provide AI can make available their Artificial Intelligence expertise to earn the network’s token as rewards, here they do not depend on any intermediary to build their ideas. These ideas could cover diverse areas and sectors ranging from Artificial Intelligence yield farming to market price forecasting and so much more.

As an added advantage, companies regardless of size are able to contend with bigger companies of the AI domain thereby getting users more and actively involved in the AI field. To kick start this progress, some initial AI services will be provided by the developers then others can follow suit. That being said, any individual who has a need for AI services will have to purchase these services with the ORAI token.

AI Community:

It is obvious that the AI market community will certainly be found within ORAICHAIN community. This community is large enough and embodies virtually every structure as well as technology that are vital in the service efficiency of the Oraichain, every infrastructure that will facilitate the building and deployment of individual ideas on the Oraichain is present in the AI ecosystem, enabling them to carry out their services seamlessly.

Users on the other hand are able to identify and keep track of how their AI service request is being processed from the beginning of the process to its final outcome. This will assure them on how translucent and efficient the system is.

Staking And Earning:

The platform allows users to become delegates and can stake assets into a specific validator to encourage validators’ productivity within the blockchain ecosystem. This simplifies the activities of the validators, allowing them to work better for more efficient results, the delegators also get a share of the validators’ reward.

Delegators will have to keep close watch on their validators to avoid any form of fraudulent act that might occur. If not properly monitored, some validators might decide to go outside the set guidelines in order to get more rewards. When issues like this happen, all staked assets of the validator in question will be reduced, this means that both the validators and delegators are important players in the AI ecosystem and are responsible for the growth of the community through efficient services.

Oria Dao:

Every individual in the Oraichain ecosystem has governance responsibilities. This means that users are in charge of whatever project that is at their service. The Oraichain is designed by the community to serve their purposes. As an ORIA token holder, one automatically gains the right to actively participate in the governance, development and important policy formulation of the Oraichain community.

As a decentralized system, the Oraichain workforce are only interested in providing a basis for development, while users are left to design, create and develop astonishing ideas that will be beneficial even in time to come using the network’s token, ORIA token.

CONCLUSION

The Oraichain community is well vested with Artificial Intelligence features that are capable of allowing Artificial Intelligence service providers to build and deploy their application easily and more affordably on the platform.

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| Exo Ventures Consultancy |

Exo Ventures Consultancy is empowering people with knowledge on blockchain & cryptcurrencies, and blockchain startups with advisory & consulting services.