We are excited to announce that we have joined forces with Oraichain, the world’s first AI-powered oracle platform. They will provide their decentralized AI-powered oracle services for our AI virtual assistants.
Oraichain has partnered with VAIOT, an innovative platform developing AI virtual assistants (IVAs) powered by AI and blockchain technology. VAIOT aims to create new ways of digitally accessing services and securely concluding legal agreements, using a natural user interface.
Oraichain aggregates and connects Artificial Intelligence APIs to smart contracts and will power VAIOT’s IVAs connecting off-chain data to the Blockchain via its data oracle platform enhanced by AI technology.
Combining AI & Blockchain, VAIOT develops IVAs — Intelligent Virtual Assistants, for both consumers and businesses. VAIOT’s solutions offer a new, intelligent channel for service distribution and transactions by uniquely combining the skills and knowledge of a sales rep, an analyst, a lawyer, a blockchain programmer, and a personal assistant.
The concept of Intelligent Contracts includes oracles, which ensure that real-life status will reflect the conditions specified in the digital contract covering a Blockchain transaction.
Oraichain will be the oracle provider powering VAIOT IVAs’ smart contracts, which will leverage Oraichain’s state-of-the-art AI Blockchain technology with multiple use cases, including:
- Price feeds data for VAIOT’s Intelligent Contracts — smart contracts with legal contract equivalents — with potential use cases for insurance policy agreements, smart escrow contracts, or loan agreements.
- Price feeds data combined with data about market conditions from available adapters for VAIOT’s Payback Bonus System, which acts as a loyalty program valid after purchases on VAIOT’s platform.
- Price feeds data combined with data about market conditions from available adapters for VAIOT’s price peg system while paid in VAI tokens (value assurance system).
Furthermore, Oraichain and VAIOT will work together to integrate VAIOT’s AI models and APIs within the Oraichain AI Marketplace. Oraichain aims to scale its AI Marketplace to become the one-stop-shop for AI services. 100+ AI APIs will be deployed by the end of February, with a further rollout planned to scale in 2021 with solutions for both consumers and businesses.
Oraichain and VAIOT will collaborate seeking more integrations within the Oraichain ecosystem of products and services. Oraichain will explore the implementation of VAIOT’s native token (VAI) as a staking or liquidity mining option on yAI.finance, Oraichain’s flagship DeFi platform using unique AI-based features and strategies.
To further strengthen the partnership, VAIOT will become a Genesis validator on the Oraichain Mainnet Launch on February 24th, making history as one of the first validators helping secure the Oraichain network.
With the recent announcements of the strategic partnerships with Rikkeisoft and with KardiaChain, Oraichain continues to bolster the adoption of its ecosystem with partners that generate network effects bridging blockchain technology with real-world use cases.
Christoph Surgowt, CEO of VAIOT “The joint approach in merging AI and Blockchain technologies together is what truly connects the visions and plans of VAIOT and Oraichain. We are excited to embark on this journey, and fully utilize the opportunity to work together, combine our technology sets and ensure mass adoption. We believe that as a result of cooperation with Oraichain, our solutions will benefit from technological and business perspectives.”
Dr. Chung Dao, CEO of Oraichain “Blockchain technology is relentlessly pushing towards the disruption of traditional sectors that have had decades of little-to-none development. Oraichain and VAIOT share a common vision for innovation combining both Artificial Intelligence and Blockchain technology. We believe this will create new paradigms in the way people interact using day-to-day services. Oraichain is proud to join forces with VAIOT to continue innovating in the AI Blockchain field.”
Oraichain interconnects Artificial Intelligence and Blockchain technologies. Oraichain’s data oracle aggregates and connects Artificial Intelligence APIs to smart contracts and regular applications. It is the world’s first AI-powered oracle aiming to revolutionize the AI, DeFi and Blockchain industries.
VAIOT develops purpose-built virtual assistants powered by AI and blockchain technology. Any product or service sold or delivered digitally can use VAIOT’s tech to be handled by a dedicated AI virtual assistant, accessed by customers via a simple mobile application. VAIOT ultimately plans to take a smart personal assistant concept and combine it with lawyers’ unique skill set and knowledge. The company aims to build an AI legal assistant for consumers and enterprises, providing legal services, including digital, blockchain-based contracts.
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