Oraichain | February 25, 2021
Oraichain Pte. Ltd., a leading AI-powered oracle and blockchain ecosystem supplier, announced it is to expand into the AI services industry with a new, AI-backed blockchain network.
Expansion of the service is the new milestone on Oraichain's journey to becoming an advanced, full-serviced AI ecosystem. With the ability to custom create multiple applications and platforms based upon a transparent, trusted, and secured blockchain for several industry sectors.
This new move to launch the new blockchain network referred to as Oraichain Mainnet, adds to Oraichain's plan to expand its suite of AI-based products and services ecosystem, including a Publisher Service, AI Marketplace, Training Service, DATA & Request Hub, and Dapp Hosting.
Commenting on their new move, Dr. Chung Dao, CEO, Oraichain Pte. Ltd., said: "Blockchain technology can disrupt traditional sectors suffering decades of inertia. But it needs a boost. We want to push the limits of innovation by being the first to combine Artificial Intelligence and Blockchain to end the stalemate and create new paradigms in day-to-day service interaction".
As per Reportlinker, the global blockchain market size is anticipated to grow from $3.0B in 2020 to $39.7B by 2025, at a Compound Annual Growth Rate (CAGR) of 67.3%. However, traditional blockchain oracles have reached a blockage due to an incapability to access data and (Application Programming Interface) APIs in an interoperable, scalable, accurate, and secure manner - This is where AI is used to add value.
Boosting Blockchain with AI
Introducing AI to the Blockchain arena offers exponential developments in the data processing. By introducing its blockchain network in partnership with its AI ecosystem, Oraichain Pte. Ltd. delivers exclusive infrastructure for artificial intelligence services and consensus mechanisms for Blockchain services and AI training.
The distinctive use of AI APIs also lets Oraichain develop and create data on-the-fly via virtual machines on smart contracts, a step-up from the primary function of traditional Blockchain oracles that purely connect everyday data to store securely.
The introduction of artificial intelligence allows for the upgrade of blockchain platforms by improving data quality, reliability and security through enhanced test cases on the Oraichain network, avoiding mediators.
With this, Oraichain can increase trust and open up unique application functionalities, advancing blockchain and paving the way for a new generation of smart contracts and accelerating Web3, enterprise development applications, and DeFi. Some examples of applications being developed by Oraichain include:
• Oraichain artificial intelligence Marketplace, which will give access to AI products and APIs directing to develop the one-stop-shop for AI services.
• yAI.finance, the first use case of Oraichain, a platform in the decentralized finance space using exclusive AI-driven features.
• aiRight, a patent-pending artificial intelligence-generated copyright system.
The key to escalating the Oraichain network will be interoperability, a standout feature of Oraichain's roadmap. Once developed, Oraichain will let for easy and accessible platform approval through bridges to the most popular Blockchain networks, permitting Oraichain to support more decentralized applications.
Oraichain Pte. Ltd. has already worked with many industry leaders on everyday use cases, including leading AI virtual assistant development platform, Vaiot and Vietnam-based IT software firm, Rikkeisoft and KardiaChain, a public blockchain.
Oraichain is an AI-Powered Oracle and Blockchain Ecosystem. Oraichain data oracle platform aggregates and connects Artificial Intelligence APIs to smart contracts and regular applications. Founded by Dr Chung Dao, Oraichain's mission is to be the portal between AI and blockchain technologies, aiming to revolutionize the AI, DeFi, and Blockchain industries.
IDG Communications, Inc. | September 03, 2020
IDG Communications, Inc. – the world’s leading tech media, data, and marketing services company – shares a glimpse into organizational Artificial Intelligence (AI)/Machine Learning (ML) initiatives from the results of a recent IDG MarketPulse survey. The senior level IT executive respondents all noted that their organization is either currently or interested in adopting AI/ML technology. The research reveals organizations’ current activity around AI/ML – whether these technologies are in production or being actively researched, how these technologies will be deployed, and the challenges that are associated with the adoption. The full study will be shared in a moderated conversation during CIO’s virtual event “The New Business Process Mandate: AI & Automation” being held September 15, 16 & 17th.
Array Networks | June 04, 2019
Array Networks Inc. today announced the results of recent testing by The Tolly Group that benchmarked performance and scaling of industry-leading NGFW virtual appliances (VAs) running as multiple instances on Array’s AVX Series Network Functions Platform. Testing showed that performance improved by up to 86 percent greater than the NGFW manufacturer’s specifications for multiple VAs running simultaneously on the AVX Series. In addition, the tests indicated that per-VA transactions per second (TPS) scaled linearly across small, medium and large instance sizes, and aggregate system throughput and transactions per second across all running instances remained highly consistent.“The lower performance of security VAs running in standard virtual environments has always been one of the downsides of virtualizing these critical networking components,” said Kevin Tolly, founder of The Tolly Group. “Our testing of virtual, or software-defined, next-gen firewalls clearly shows that Array’s AVX Series virtualized, multitenant platform overcomes that obstacle to a virtualization strategy and provides linear scalability for future growth paths.”Security VAs are commonly deployed on commercial off-the-shelf (COTS) hardware in virtual environments that, while providing greater flexibility, use shared resources that can limit performance through contention. A few vendors offer multitenant appliances intended to counter the drawbacks of standard virtual environments, however these solutions often utilize shared resources – with the same performance hit of standard environments – or support only the manufacturer’s VAs.