Integrating AI into Oracle technology: YeagerAI introduced Intelligent Oracle, a new technology that uses artificial intelligence (AI) to provide reliable data on the GenLayer blockchain. This oracle can access and present data from the Internet, serving new decentralized applications. It is a breakthrough in integrating AI into blockchain technology, optimizing process and reducing cost.

Operating mode of Intelligent Oracle: Intelligent Oracle utilizes the Democracy Optimistic consensus mechanism, allowing validators to execute transactions by retrieving data from the Internet. Validators confirm data accuracy based on established criteria. This ensures precise and secure decisions, supporting the GenLayer blockchain ecosystem’s efficient operation.

Interoperability between blockchains: Intelligent Oracle is the first solution implemented on GenLayer smart contracts, enabling transparent data access and interoperability across blockchains without hurdles. Many partners have pledged to collaborate, from Radix DLT to Etherisc and Predx, expanding this technology.

Advantages of Intelligent Oracle for dapps: Deploying Intelligent Oracle brings significant improvements for dapps, such as prediction markets, insurance, and financial derivatives. This solution facilitates fast, cost-effective data processing, completing transactions in less than an hour at a cost below 1 USD per market.