Buy Oraichain (ORAI)
What is Oraichain?
Oraichain is the world's first AI-powered oracle and ecosystem for blockchains, aiming to establish itself as the first AI Layer 1 in the blockchain sphere. It provides an extensive AI ecosystem designed to enhance smart contracts and decentralised applications (DApps) with AI capabilities.
How does Oraichain work?
Oraichain operates on a blockchain-based AI platform, integrating AI with blockchain technology. It is built on the Cosmos SDK and utilises a Proof of Stake (PoS) consensus mechanism. It offers AI oracles that enable smart contracts to access external AI APIs securely, thereby enhancing their functionality. Additionally, it features an AI marketplace that allows AI providers to offer their services, such as AI algorithms and models, to users.
What are the potential use cases for Oraichain?
Oraichain's integration of AI with blockchain opens various potential use cases across different sectors:
- AI in Smart Contracts: Enables biometric identification, automated trading, and lending based on AI-driven credit scores.
- AI Marketplace: Allows the sale of AI services such as price prediction and face authentication.
- Data Economy: Provides secure access to external AI APIs and uses AI to validate data.
- NFT Management: Offers a platform for managing and protecting NFT copyrights through AI oracles.
- Healthcare: Utilises AI for automated diagnostics and identification tasks.
- Financial Services: Supports AI-driven credit scoring and game item pricing.
What is the history of Oraichain?
Oraichain was founded in 2020 by Chung Dao, Duc Le Pham, and Diep Nguyen. It has achieved significant milestones, including the development of an AI marketplace and partnerships like the one with TRON in 2023. Over time, it has restructured its leadership to promote growth and innovation and has expanded its market presence by integrating with the Cosmos ecosystem. The platform continues to evolve, driving forward the potential of AI within the blockchain framework.
