General Information about Oraichain's AI Oracles

1. Why are AI Oracles needed?

Oracles feed data to smart contracts, but how can we trust those data? → We must always depend on the data sources.

Oraichain’s AI Oracle, on the other hand, processes the data directly on smart contracts (yes, we can do that). Either predicting future state, or confirming input data, or generating data on the fly.
With AI Oracles, you have more functionalities to handle data, which entails unlimited potential applications. Our AI-based farming and aiRight are two examples.
As a further matter, AI Oracles allow more stakeholders to contribute to the process of digitizing assets and receive royalties. The road to financial freedom and living with passion is closer than we can imagine.
A new generation of smart contracts will need AI Oracles.

2. How do we guarantee that our oracles are safe and truly decentralized tools?

Oraichain develops a new mechanism, AI Oracle. AI Oracles are verified by test case logic directly on smart contracts. No intermediaries are needed (no centralized pain point).

3. How are you going to market and create demand for your Oracle AI and AI Marketplace products in this competitive crypto space?

There is a huge demand and use cases of using AI on smart contracts. We also focus on AI ecosystems that there is a huge huge demand as well. “According to Reportlinker, the global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 67.3%. However, traditional blockchain oracles have reached a bottleneck due to an inability to access data and APIs in a scalable, interoperable, accurate and secure manner — This is where AI can add Value.”