Blockchain AI Research Lab YeagerAI Launches Intelligent Oracle for Decentralized Applications
A New Era of Blockchain Use Cases
YeagerAI has announced the launch of the Intelligent Oracle, an AI-powered oracle that aims to provide decentralized applications (DApps) with online data on-chain. This innovative solution can revolutionize how data is collected, offering new possibilities and use cases for blockchain DApps.
How It Works
The Intelligent Oracle is built on the GenLayer blockchain, a brainchild of YeagerAI, and is designed to support a new generation of DApps. It can fetch any type of online data and deliver it on-chain. The oracle is powered by LLMs integrated in GenLayer’s Optimistic Democracy consensus mechanism, which is ‘governed’ by validators that connect to LLMs, verifying and securing the data.
Unresolved Issues in Blockchain Oracles
While blockchain oracles have evolved rapidly in the past few years, there remain several unresolved issues. One of the primary concerns is the inability of blockchains to access external data, and blockchains only being able to access what is available on-chain. The lack of broader oracles has limited the emerging uses of blockchains, with most futuristic DApps requiring immediate, accurate, and sometimes subjective data from the internet.
Intelligent Oracle: A Solution
The Intelligent Oracle offers an autonomous solution, providing a virtually unlimited range of data types to dApp builders. Unlike traditional oracles, which only provide pre-defined datasets or require manual intervention, the Intelligent Oracle is fast, cost-effective, and flexible. It enables the resolution of prediction markets, insurance, and financial derivatives, among other use cases.
Benefits and Features
- Autonomous data collection: The Intelligent Oracle can fetch data from online sources and deliver it on-chain.
- Cross-chain compatibility: The oracle can integrate with multiple blockchain ecosystems.
- Scalable, efficient, and future-proof: The Intelligent Oracle is designed to support a new generation of DApps.
- Fast data resolution: The oracle can achieve transaction finality in less than an hour at a cost of under $1 per market.
Partnerships and Adoption
YeagerAI has seen rapid adoption of its new Oracle service, with several partners committed to integrating the technology. Early partners include Radix DLT, Etherisc, PredX, Delphi Bets, and Provably.
Conclusion
The launch of the Intelligent Oracle marks a significant milestone in the development of blockchain technology. This innovative solution has the potential to unlock new use cases and applications, enabling the creation of more complex and sophisticated DApps. As the blockchain ecosystem continues to evolve, the Intelligent Oracle is poised to play a critical role in shaping the future of decentralized applications.
Frequently Asked Questions
Q: What is the Intelligent Oracle?
A: The Intelligent Oracle is an AI-powered oracle that provides decentralized applications (DApps) with online data on-chain.
Q: How does the Intelligent Oracle work?
A: The Intelligent Oracle is built on the GenLayer blockchain and is powered by LLMs integrated in GenLayer’s Optimistic Democracy consensus mechanism.
Q: What are the benefits of the Intelligent Oracle?
A: The Intelligent Oracle offers autonomous data collection, cross-chain compatibility, scalability, and fast data resolution.
Q: Who are the partners committed to integrating the Intelligent Oracle?
A: Radix DLT, Etherisc, PredX, Delphi Bets, and Provably are among the early partners committed to integrating the Intelligent Oracle.
