Oraichain (ORAI)

AI Integration in Smart Contracts

Oraichain enables smart contracts to securely access and execute AI models, allowing applications like biometric identification, automated trading, credit-based lending, and product comparison. It connects AI APIs to smart contracts, making them smarter and more functional.

Decentralized AI Marketplace

Users can find, purchase, and combine AI services from various providers in a decentralized marketplace. AI developers can publish, manage, and monetize their AI models globally. The marketplace supports transparent and trustless interactions.

Data Verification and Quality Control

Oraichain uses test cases to verify the accuracy and reliability of AI providers. Validators test AI APIs against these cases to ensure trustworthy results, which are then recorded on the blockchain.

NFT Copyright Management

Oraichain offers aiRight, a platform that uses AI to verify the authenticity and origin of multimedia works minted as NFTs, supporting a transparent NFT ecosystem.

Transaction and Staking Utility

The ORAI token is used to pay transaction fees for AI requests, reward validators, AI providers, and test case creators, and participate in network governance through staking and voting.

Cross-Chain and DeFi Applications

Oraichain supports on-chain AI inference and data feeds for decentralized finance (DeFi) and decentralized applications (dApps), enabling innovative financial products and cross-chain interoperability.

Real-World Use Cases

Examples include fake news detection by verifying news credibility through AI analysis, improving user experience with face authentication, and enabling AI-powered decision engines for quantitative trading strategies.

Advantages

• Oraichain connects artificial intelligence (AI) APIs with smart contracts, allowing smart contracts to securely access and use AI data and models.
• It enables smart contracts to perform more complex and dynamic tasks by integrating AI, overcoming the usual strict rules of smart contracts.
• The platform offers verifiable AI computations using test cases, ensuring the quality and reliability of AI data.
• It supports a wide range of applications, including AI price feeds, AI-based NFT generation and copyright protection, DeFi strategies, and supply chain verification.
• Oraichain is built on Cosmos SDK with fast transaction confirmation and supports cross-chain interoperability.
• The AI oracle can be bridged to any blockchain, making it flexible for developers.
• It has an AI Marketplace with over 100 AI APIs, allowing developers to monetize AI models.
• The ecosystem includes tools like a Yield Aggregator Platform and Cosmwasm IDE for building smart contracts easily.

Disadvantages

• Oraichain is still an emerging and experimental technology, which means it may take time to gain widespread adoption and compete with more established projects.
• Users who delegate tokens must actively monitor validators to avoid risks like slashing due to malicious behavior.
• The price of Oraichain tokens has shown volatility and underperformance compared to the broader crypto market recently.
• Integrating AI into smart contracts is complex, and the platform must balance AI model accuracy with the strictness of blockchain rules.
• As a newer project, it faces competition from other oracle services like Chainlink and Band Protocol, which are more established.

Founders of Oraichain

• Chung Dao, Ph.D.: CEO and Co-founder, with a Ph.D. from the University of Tokyo and co-founder of Rikkeisoft.
• Tu Pham: CTO and Co-founder, also co-founder of AgileTech and Novalex Vietnam.
• Diep Nguyen, Ph.D.: COO and Co-founder, with academic credentials and lecturing experience.
• Duc Le Pham: Co-founder and CPO, involved since the early days of Oraichain.

These founders started Oraichain in 2020, combining blockchain and artificial intelligence to create a platform that connects AI APIs to smart contracts.

Investors in Oraichain

Specific names of investors in Oraichain are not publicly listed in the available information. However, it is known that Oraichain has a large number of investors, with Crunchbase reporting over 26,000 investors associated with the project. The company is headquartered in Singapore and operates in the financial services and blockchain sectors.

Investment Details

• Oraichain has undergone multiple funding rounds, but detailed investor history requires special access to platforms like PitchBook.
• The project has attracted institutional and individual investors interested in AI, blockchain, and DeFi technologies.
• Oraichain Labs US, a related entity, also has thousands of investors and uses various technologies to support its platform.

No specific venture capital firms or individual investors are named in the publicly available data.

Halal Status

Yes, Oraichain is considered halal. It is a public blockchain focused on AI and oracle services, designed to provide trustworthy AI integration with smart contracts without involving prohibited activities.