{"id":263156,"date":"2021-05-31T16:00:00","date_gmt":"2021-05-31T13:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/how-artificial-intelligence-can-enhance-blockchain-platforms\/"},"modified":"2021-05-31T16:00:00","modified_gmt":"2021-05-31T13:00:00","slug":"how-artificial-intelligence-can-enhance-blockchain-platforms","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/how-artificial-intelligence-can-enhance-blockchain-platforms\/","title":{"rendered":"# How artificial intelligence can enhance blockchain platforms"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2dae45981cb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2dae45981cb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/how-artificial-intelligence-can-enhance-blockchain-platforms\/#The_use_cases\" >The use cases<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/how-artificial-intelligence-can-enhance-blockchain-platforms\/#AI_and_blockchain_ecosystems_at_Oraichain\" >AI and blockchain ecosystems at Oraichain<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># How artificial intelligence can enhance blockchain platforms <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>\n<p dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/orai.io\/\"><img loading=\"lazy\" decoding=\"async\" width=\"1480\" height=\"200\" alt=\"Oraichain\" src=\"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/75b6351bf2714c4bfcb6fb3dbe4b5b00.jpg\" title=\"Oraichain\"><\/a><\/p>\n<p dir=\"ltr\">Artificial intelligence and blockchain are both touted as technologies that will lead our future. But here\u2019s the problem: They\u2019re like oil and water. While innovative in their own right, there\u2019s a noticeable lack of interconnectedness \u2014 projects that tightly combine AI and blockchain, unleashing the full potential of both emerging technologies.\u00a0<\/p>\n<p dir=\"ltr\">Technical hurdles have been largely to blame for this. Integrating AI into the smart contracts that exist today is practically impossible. The two often rely on entirely different programming paradigms \u2014 and while smart contracts use data sparingly to reduce transaction fees, many AI models process vast amounts of data as well as a large amount of computing resources to make decisions.<\/p>\n<p dir=\"ltr\">Smart contracts are also incredibly strict, meaning that an outcome can only be achieved when a range of strict parameters are met. As a result, they can be ill-suited to the world of AI, where 100% accuracy is hard to achieve, especially when it comes to image and audio recognition. This demand for flexibility has created the need for a new generation of smart contracts, able to handle highly accurate (albeit imperfect) input and receive a perfect output.\u00a0<\/p>\n<p>As the EU Blockchain Forum noted in a recent report, combining these two technologies isn\u2019t just desirable\u2026 it is a necessity. The authors wrote: \u201cIn the real world, especially in large-scale use cases, blockchain, AI and IoT are likely to work in concert. In a smart city, blockchain could be combined with IoT and AI on an infrastructure level to manage critical systems that cities depend upon, as well as improve quality of life for residents through safer and better designed urban environments.\u201d<\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"The_use_cases\"><\/span>The use cases<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">But what exactly would bringing blockchain and artificial intelligence together mean in practice? What are the tangible <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications that end users would have to look forward to?<\/p>\n<p dir=\"ltr\">Projects involved in the space argue that decentralized apps have an opportunity to become far more advanced than they are now. Trading strategies could be informed by AI \u2014 and smart contracts could become infinitely more flexible. Blockchain platforms have the chance to offer a more convenient alternative to private keys \u2014 which can often be cumbersome to remember and store securely \u2014 with users gaining access to balances through facial recognition.<\/p>\n<p dir=\"ltr\">Together, AI and blockchain can also be leveraged in many other fields such as big data and IoT, insurance, manufacturing, healthcare, logistics, and many more. In all cases, AI plays an important role in processing data or automating human tasks to feed information into blockchain.\u00a0<\/p>\n<p>Experts have argued that AI can be just as effective as people are at many tasks \u2014 and better still, they can operate 24\/7 without suffering from fatigue or becoming susceptible to human error. Likewise, blockchains are increasingly being deployed to provide transparency transactions and data to consumers. The possibilities are endless as long as there\u2019s a way for blockchain developers to implement AI into their platforms.<\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"AI_and_blockchain_ecosystems_at_Oraichain\"><\/span>AI and blockchain ecosystems at Oraichain<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/orai.io\/\">Oraichain<\/a> is one of the companies that has been making a concerted effort to bring AI into the blockchain \u2014 unlocking compelling use cases in the process.<\/p>\n<p dir=\"ltr\">The data oracle platform says it enhances smart contracts by enabling them to securely access AI through APIs \u2014 unlocking reliable data in the process. Together with the launch of Oraichain Mainnet, more than 100 of these APIs are already open to the public in February.\u00a0<\/p>\n<p>A developers platform called <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/developer.orai.io\/\">Oraichain Studio<\/a> helps integrate those APIs into smart contracts was launched in April 2021 \u2014 verifying the correctness of AI output, and then distributing the data generated across multiple blockchains without centralized control. In time, this could broaden access to highly trained AI models, enabling greater numbers of people to benefit from what this <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> has to offer.\u00a0\u00a0<\/p>\n<p>Oraichain has created a marketplace where experts can sell their services \u2014 ranging from AI-enhanced yield farming to price prediction and face authentication tools. As well as enabling specialists to monetize their work, executives argue that this allows smaller firms to enjoy a more level playing field with the industry titans who dominate the space.\u00a0<\/p>\n<p>The business is about to launch a new system, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/airight.io\/\">aiRight<\/a>. Described as the world\u2019s first all-in-one NFT creation and copyright management platform, it offers a complete set of services for the nonfungible token market \u2014 including generating NFTs with AI and securing copyrights on-chain. AI services also allow users to easily verify the uniqueness and authenticity of NFTs.<\/p>\n<p>The company was launched by Dr Chung Dao, who has a PhD in computer <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">science<\/a> and lectures at Hanoi University of Science and Technology. In the last six months, Oraichain announced that it had formed a number of strategic partnerships with Rikkeisoft, KardiaChain, VAIOT, and OCEAN Protocol.\u00a0<\/p>\n<p>Rikkeisoft is a Vietnam-based IT firm with more than 1,000 employees, that would provide Oraichain necessary human resources to enhance some of Oraichain\u2019s flagship projects \u2014 including the DeFi-focused service <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/yai.finance\/\">yAI.finance<\/a>, and its AI marketplace, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/airight.io\/\">aiRight<\/a>, and more to come.<\/p>\n<p dir=\"ltr\">Rikkeisoft\u2019s CEO and co-founder Phan The Dung said at the time: &#8220;At Rikkei, we have been tracking the developments of Oraichain right from the start. We found it unique as it merges the untapped potential of AI and blockchain technologies.\u201d<\/p>\n<p dir=\"ltr\">Overall, it is hoped that those partnerships will serve as a stepping stone to scale the business, and help Oraichain gain a greater presence in the U.S. and Japan with its AI and blockchain technology.<\/p>\n<div style=\"background-color: #f0f0f0; padding: 8px 21px; font-weight: bold; color:#253137;\">Learn more about <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/orai.io\/\" style=\"color: #253137\">Oraichain<\/a><\/div>\n<div id=\"post-content\">\n<p><span style=\"font-size: 12px; color: rgb(169, 169, 169);\"><span style=\"font-weight: 600\">Disclaimer.<\/span> Cointelegraph does not endorse any content or product on this page. 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But here\u2019s the problem: They\u2019re like oil and water. While innovative in their own right, there\u2019s a noticeable lack of interconnectedness \u2014 projects that tightly combine AI and blockchain, unleashing the full&#8230;<\/p>\n","protected":false},"author":1,"featured_media":263157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xZTJmNTJjZGEzZmExNTM4YmY5ODNmMzljNDliNzA4Yy5qcGc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,72366,4965],"class_list":["post-263156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-data","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/263156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=263156"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/263156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/263157"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=263156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=263156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=263156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}