About Oraichain Token (ORAI)
Oraichain Token (ORAI) is a data oracle platform that aggregates and connects Artificial Intelligence APIs to smart contracts and regular applications. The world’s first oracle AI has arrived. This whitepaper describes the terminology, system overview, use cases, and token economics. stands for Oracle Artificial Intelligence for Blockchain.
Oraichain’s AI Oracle is the gateway to incorporate machine learning functionalities into smart contracts. Marking the end of the ‘read-only’ era, Blockchain can finally unlock an unlimited range of applicability.
Oraichain is a public blockchain that allows users to create different data requests. Instead of users, smart contracts can also request data securely from AI APIs through Oraichain. The blockchain network is built based on Cosmos SDK along with Terdemint’s Byzantine Fault Tolerance consensus that helps speed up transactions’ confirmation time.
Oraichain Token (ORAI) Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Oraichain Token |
| Short Name | ORAI |
| Circulating Supply | 2,044,424.00 ORAI |
| Total Supply | 19,779,272 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Why Conventional Blockchain doesn’t Include AI Models?
Current smart contracts cannot run AI models inside, and it is almost impossible to integrate an AI model into a smart contract. AI models should be complex approaches, such as SVM, neural network, and clustering. The reasons come from three characteristics of smart contracts as follows:
- Strictness: smart contracts always follow strict rules in which the inputs must be 100% accurate (e.g. signature) to generate an output. However, AI models can hardly give such accuracy (e.g. face recognition). As a result, Oraichain is there to reduce some aspects of strictness to obtain better functionality and user experience.
- Environment: smart contracts are mostly written in high-level programming languages such as Solidity and Rust that provide stricter syntax and better security. Nevertheless, the AI models are is typically written in Python or Java.
- Data size: On one hand, smart contracts often have relatively small storage since it helps reduce transaction fees in some blockchain networks such as Ethereum. On the other hand, the size of an AI model is much bigger.
We’re offering Oracle Artificial Intelligence for Blockchains!
The proposed Oraichain could be a bridge to bring AI to smart contracts. The Oraichain mechanism seems similar to Band Protocol and Chainlink, but it focuses more on AI APIs and the quality of the provided AI models. In each user request, test cases are attached, and the providers’ API must pass a certain number of test cases to receive payment. The validators manage the features of test cases and AI model quality, and that makes Oraichain unique and different.
- Oracle AI: Oraichain enables smart contracts to securely access external AI APIs. Artificial Intelligence helps enhance smart contracts.
- AI Marketplace: Have access to, look up, and choose an ever-increasing AI algorithms and models from different providers around the world. Develop your applications along with the integration of AI services to increase your application functionalities as well as values.
- AI Provider: AI developers, individuals or companies, can have a chance to publish, edit, and manage their work and earn rewards from the users on a global scale. Hence, you can improve your models, even more, collect data and continue to provide exceptional AI services.
Building Innovative Dapps across Many Blockchains
Minimizing changes in audited smart contracts of blockchains, but maximizing the functionalities by unlimiting innovation for , AI Oracle allows developers to interact with smart contracts with their favorite programming languages such as Python, Java, Rust, and others. Oraichain’s AI Oracle can be adaptively bridged across many other popular blockchains such as Ethereum, Cosmos, Polkadot, Binance Smart Chain, and more.