Oraichain

What is Oraichain?

Oraichain is the world’s first AI-powered oracle blockchain, launched in 2020, that embeds artificial intelligence into smart contracts and decentralized applications. Operating as an AI Layer 1, it combines a secure oracle network with smart contract execution to bring verifiable AI data—like model predictions and verifiable random functions—directly on-chain :contentReference[oaicite:3]{index=3}.

Key Features of Oraichain

1. AI-Powered Oracles: Smart contracts can call external AI APIs, with on-chain test cases and validation scripts run by DPoS validators to ensure accuracy and integrity :contentReference[oaicite:4]{index=4}.
2. AI Marketplace: Developers can publish, monetize, and maintain AI models in a decentralized marketplace. Buyers access APIs alongside built-in test-case verification :contentReference[oaicite:5]{index=5}.
3. Staking & Governance: Users stake ORAI tokens under delegated proof-of-stake to secure the network, earn rewards, and participate in platform decisions :contentReference[oaicite:6]{index=6}.
4. Verifiable Random Function (VRF) Service: Provides tamper-proof randomness on-chain for gaming, NFTs, and DeFi—Oraichain’s VRF is fully on-chain and bias-resistant :contentReference[oaicite:7]{index=7}.

How Oraichain Works

Built using the Cosmos SDK and Tendermint BFT, Oraichain enables smart contracts to securely invoke AI APIs. Oracle scripts wrap API calls with test-case checks, executed by randomly selected validators. If validation fails, the request is dropped—not paid—ensuring **data quality and integrity** :contentReference[oaicite:8]{index=8}.

Use Cases for Oraichain

• Smart Contracts with AI: Run AI-driven actions—like biometric verification, credit scoring, and dynamic pricing—directly on-chain.
• AI-Powered DApps: Build decentralized apps with integrated prediction, image analysis, or NLP capabilities.
• Decentralized AI Marketplace: AI developers monetize models globally, while users pay only for validated results.
• VRF & Randomness: Use fully on-chain, provable randomness for fair gaming outcomes and NFT minting.
• Tokenized AI Governance: Stake ORAI to participate in network security and decision-making across AI oracle operations.

Why It Matters for Accounting Teams

When integrated with Cryptoworth’s accounting platform, Oraichain delivers:

• AI Service Spend Tracking—requests to AI APIs and VRF transactions generate on-chain records with timestamp, API name, and ORAI spent.
• Staking & Reward Accounting—stake events, validator rewards, and slashes occur on-chain and can be imported as network expense, revenue, or treasury items.
• Data Validation Logs—failed oracles trigger refunds, reducing network liabilities—fully auditable in Cryptoworth's ledger.
• Cost Basis for ORAI Holdings—identify staking, un-staking, and reward cost basis with precision using Cryptoworth’s valuation tools.

This setup enables automated journal generation, cost basis tracking, and audit-ready reporting—no manual CSVs or reconciliation needed.

Frequently Asked Questions

1. Can Cryptoworth calculate cost basis for ORAI staking and rewards?

Yes. Cryptoworth ingests stake, validator reward, and unstake transactions—each with timestamps and ORAI value—to compute cost basis and WAC. Use our Crypto Cost‑Basis Calculator for granular results.

2. How are failed AI oracle requests handled in accounting?

On-chain test-case failures refund ORAI fees automatically. Cryptoworth records these as system refunds or expense reversals, ensuring accurate financial ledgers.

3. Does Cryptoworth support VRF fee tracking?

Absolutely. Each VRF-triggered randomness event includes ORAI costs, validator payouts, and request metadata—all synced into journal entries and audit logs.