YeagerAI Unveils Intelligent Oracle to Revolutionize Real-Time Data Access for Decentralized Applications

Intelligent Oracle offers seamless access to web data for dApps

YeagerAI has launched the Intelligent Oracle, a groundbreaking data integration tool that operates on the GenLayer blockchain. Combining artificial intelligence with decentralized ledger technology, Oracle delivers fully on-chain data to meet the needs of the next generation of decentralized applications (dApps).

Built on GenLayer’s Optimistic Democracy consensus model, the Intelligent Oracle uses Large Language Models (LLMs) to fetch and process data in real-time. Validators within the GenLayer ecosystem interact with these models to ensure accuracy and reliability. When a data request is initiated, a lead validator proposes a result, which is then independently verified by others. This decentralized approach eliminates bottlenecks and ensures robust decision-making without human intervention.

The Intelligent Oracle is the first product based on Intelligent Contracts operating on GenLayer’s blockchain. It operates seamlessly within the GenLayer blockchain, delivering decentralized, transparent data access while supporting cross-chain compatibility. Early partners who have committed to building with the technology include Radix DLT, Etherisc, PredX, Delphi Bets, and Provably.

Traditional oracles struggle with rigidity, cost, and delays. The Intelligent Oracle addresses these challenges, offering autonomous, versatile data access for any application requiring real-world inputs.

Accelerating dApp functionality with new data possibilities

Decentralized applications often require real-time data from the web to fulfill use cases such as prediction markets, insurance, and derivatives. Traditional oracles are limited to predefined datasets or require manual input, which introduces inefficiencies. In contrast, the Intelligent Oracle autonomously sources a wide range of data types, empowering developers to build innovative and responsive dApps.

Early use cases highlight the potential for disruption:

• Prediction markets: Rapid data resolution within an hour, compared to days for traditional systems.
• Insurance claims: Transparent, automated processes with reduced costs.
• Financial derivatives: Enhanced accuracy and timeliness for sensitive data requirements.

Unlike traditional solutions, the Intelligent Oracle minimizes costs, with transaction finality achieved for less than $1 per market.

With the planned integration of GenLayer’s Intelligent Oracle technology, PredX will offer a secure, transparent, and best-in-class platform for engaging with prediction markets powered by decentralized AI. This integration is designed to deliver unparalleled speed and accuracy in market resolutions, enhancing user trust and streamlining operations by eliminating the need for manual intervention—setting a new standard for prediction market platforms.
—Dr. Rein Y. Wu, Founder and CEO of PredX.ai

Bridging blockchains with cross-chain compatibility

The Intelligent Oracle is the first application to utilize GenLayer’s Intelligent Contracts, which combines LLMs and web search capabilities to deliver decentralized decision-making. Designed for scalability, the Oracle supports cross-chain compatibility, enabling seamless integration across blockchain ecosystems.

The integration of GenLayer’s AI-powered Intelligent Oracle with Provably’s zero-knowledge (ZK) technology paves the way for a new era in verifiable analytics and secure access to private data for decentralized applications. By merging Provably’s privacy-preserving capabilities with GenLayer’s intelligent contract framework, this partnership empowers developers to leverage private, high-quality data sources for AI-driven contract execution. Together, we are creating a privacy-centric, data-rich ecosystem that enables innovative applications, from prediction markets to insurance, previously constrained by public data limitations
—Shyam Duraiswami, Co-Founder and CEO of Provably

In August 2024, GenLayer raised $7.5 million in funding led by North Island Ventures, with participation from Node Capital, Arrington Capital, and ZK Ventures. This funding has been instrumental in advancing GenLayer’s AI-powered consensus mechanisms and the development of the Intelligent Oracle.

Initially launching on a permissioned network, the Intelligent Oracle is slated for broader deployment with the GenLayer Testnet by late 2024. This phased rollout will enable developers to experiment with and integrate Oracle’s features in diverse environments.

The bottom line

YeagerAI’s Intelligent Oracle represents a leap forward for blockchain applications requiring real-time, decentralized data. By integrating AI-driven consensus mechanisms with scalable infrastructure, Oracle delivers a solution tailored to modern dApp demands. With committed early adopters and a focus on cost-effectiveness and speed, YeagerAI is poised to redefine how blockchain applications access and utilize data.