Key Takeaways
- Chung Dao is the CEO and Co-founder of Oraichain, a blockchain ecosystem powered by AI oracles, and a key figure in the tech industry.
- He has a Ph.D. in Computer Science and gained experience in teaching and starting businesses, including founding Rikkeisoft in 2012.
- Oraichain combines AI and blockchain to enable secure data sharing between smart contracts and AI apps, aiming to change how these technologies work together.
Who Is Chung Dao?
Chung Dao is the CEO and Co-founder of Oraichain Labs, a blockchain ecosystem powered by AI oracles. He is among the Co-founders of Rikkeisoft. Chung Dao pursued a Master of Science in Computer Science at the University of Eastern Finland from 2012 to 2014. Later, he earned his Ph.D. in Computer Science from the University of Tokyo, graduating in 2017.
Early Career In Education
Chung Dao began his career 2011 as an Assistant Professor at Hanoi University of Science & Technology. In this role, he contributed to the growth of the computer science field by teaching and mentoring students helping shape the next generation of tech professionals. His deep knowledge of technology and passion for innovation laid a strong foundation for his future entrepreneurial endeavors.
Founding of Rikkeisoft
In April 2012, Chung Dao took a major step by founding Rikkeisoft, a software solutions and services company based in Vietnam. Rikkeisoft started with a vision to provide high-quality software development and IT services to local and international clients. Under his leadership, the company grew quickly, becoming a big player in the global tech industry, known for its focus on innovation and delivering custom solutions to meet the needs of different markets.
Co-founding Oraichain and Role as CEO
In August 2020, Chung Dao co-founded Oraichain, a decentralized platform that combines blockchain and Artificial Intelligence (AI), with Duc Le Pham and Diep Nguyen. Oraichain aims to connect AI with blockchain, allowing data to be securely shared between smart contracts and AI applications. As CEO, Chung Dao has been key in guiding the company and pushing its vision to change how AI and blockchain work together.
Oraichain’s Blockchain Technology
Oraichain is a public blockchain that lets users and smart contracts securely access data from AI-powered APIs. It is built on the Cosmos SDK and uses Terdemint’s Byzantine Fault Tolerance (BFT) system, which ensures quick transaction approvals and strong security. This setup allows users to interact with the network quickly and safely. Oraichain offers a new infrastructure for blockchain developers, businesses, and individuals to use decentralized AI.
The ORAI Token and Its Ecosystem
The ORAI token is the main cryptocurrency of the Oraichain network, available in three versions: ERC-20 on Ethereum, BEP-20 on BNB Chain, and Native ORAI on Oraichain. There are 16,779,272 ORAI tokens distributed across the ecosystem, DAO treasury, and foundation to support growth. The token is used for different purposes within the network, including staking, governance, and making data requests.
Oasis Network and the OraiBridge
In October 2023, Oraichain partnered with the Oasis Network to bring the Oasis Privacy Layer (OPL) to the Cosmos ecosystem using the OraiBridge. This partnership improves privacy for developers and users in Oraichain and the Cosmos ecosystem. The Oasis Privacy Layer adds extra security and privacy, making Oraichain a better choice for developers who want privacy-focused solutions in decentralized apps.
Partnership with SkipProtocol
In March 2024, Oraichain teamed up with SkipProtocol to use its powerful API, which will be necessary for teams building unique AI-powered multi-chain apps. This partnership helps decentralized apps (dApps) grow faster and reach more users from the start. The API will help dApps expand their market and potential right away.
Partnership with Plume Network
Oraichain has teamed up with Plume Network to launch the prototype of AI Oracle 2.0, which includes a social monitoring pipeline. This partnership will improve decentralized apps by adding powerful AI solutions, making them smarter and more efficient in the blockchain ecosystem. The collaboration aims to enhance decentralized apps’ performance and provide users with better features.
The Future of Decentralized AI Services
Oraichain’s platform is part of the move toward decentralized AI, where programs can be shared and used without relying on a central authority. Its AI marketplace allows developers to trade and earn from their AI solutions safely. This transition could make AI more open, transparent, and accessible, with control staying in the community instead of large companies.
Future Vision for Oraichain
With Chung Dao leading the way, Oraichain aims to be a leader in combining blockchain and AI, making a smarter and safer decentralized ecosystem. By merging blockchain with AI solutions, Oraichain hopes to improve decentralized apps’ efficiency, security, and privacy. With ongoing improvements and new partnerships, Oraichain is set to have a big impact on the future of blockchain technology.
Final Thoughts
Chung Dao’s journey from teaching to starting businesses shows his strong focus on new ideas and technology. As the CEO and Co-founder of Oraichain, he is leading the way in combining AI and blockchain to create a safer and more open system.
Oraichain’s growth, supported by key partnerships and advanced technology, is shaping the future of AI in a decentralized space, providing better security, privacy, and efficiency for users and developers.
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