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TRON Partners with Oraichain for AI Integration and HackaTRON Collaboration

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Geneva, Switzerland–(Newsfile Corp. – March 2, 2023) – TRON has taken a major step towards combining artificial intelligence with blockchain technology by partnering with Oraichain, the world’s first AI-powered oracle and ecosystem for blockchains. This partnership solidifies the future of decentralized AI by providing education, incubation, and technical integrations to developers, thereby empowering them to build advanced solutions that utilize and leverage artificial intelligence.

Image Source: Tron

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The TRON-Oraichain partnership marks a significant milestone in the development of blockchain technology. Blockchain based solutions alone are considered revolutionary and disruptive. By providing developers with the tools they need to create innovative AI-powered solutions, TRON and Oraichain are paving the way for a future in which decentralized AI is the norm.

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Through this partnership, TRON and Oraichain will work together to foster a community of developers, investors, and enthusiasts who are passionate about the potential of blockchain and AI. With the goal of expanding smart contract functionality and innovating new use cases, they will also provide educational resources to help developers learn more about the technology and how to integrate it into their projects.

Their partnership aims to empower developers to build advanced AI-powered solutions, demonstrating TRON’s and Oraichain’s commitment to innovation as well as cutting-edge, decentralized technology. Their common mission is to raise awareness around the potential for AI and blockchain, delivering AI functionality from Oraichain to the TRON network.

Since inception, Oraichain has been committed to providing AI Oracle services for smart contracts across many chains. As the network has matured, the vision has blossomed. Today, Oraichain’s infrastructure provides every essential element necessary to support an open economy for AI and data. This includes decentralized file storage, AI & crowdsourced data annotation, model training and test cases, on-chain execution, a data and AI marketplace, and the ability to publish models to AI Oracle.

Oraichain is ready to fulfill its role as the universal hub for decentralized AI. By collaborating with TRON, they look forward to attracting more independent AI developers, fostering talent, and delivering fresh functionality compatible with TVM smart contracts.

Hackathon Collaboration

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HackaTRON Season 4 began February 1, 2023, and we are excited to announce that Tung Do, CEO of Oraichain Labs US, will join the panel of judges for this year’s competition. As one of the biggest hackathons in the blockchain industry, the three previous seasons all together have had more than 2300 participants BUIDLing in DeFi, GameFi, Web3, NFTs, and other tracks.

AI for TRON Network: AI & Data Marketplace and AI Oracle

Oraichain will work to ensure TVM compatibility and provide documentation in the coming AI Oracle Client SDK, delivering AI functionality for smart contracts on the TRON network. This will give developers an opportunity to explore unique use cases in an ecosystem built for data and AI, taking advantage of fully decentralized infrastructure to ensure maximum transparency for data sources, model accuracy, execution, and royalty distribution.

Cross-Chain Bridge

Oraichain will add TRC20 token compatibility to OraiBridge, allowing for the simple and secure transfer of assets between the TRON blockchain and Oraichain. This will create the opportunity to offer new asset pairs on OraiDEX and open the door to exciting new cross-chain DeFi opportunities. This will also mark the first available bridge between TRON and the IBC ecosystem, expanding diversification opportunities for both ecosystems.

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Join TRON and Oraichain in celebrating this exciting partnership, and keep an eye out for upcoming activations and events.

About Oraichain

Oraichain is the world’s first AI-powered oracle and ecosystem for blockchains. Beyond data oracles, Oraichain aims to become the first AI Layer 1 in the Blockchain sphere with a complete AI ecosystem, serving as a foundational layer for the creation of a new generation of smart contracts and Dapps. With AI as the cornerstone, Oraichain has developed many essential and innovative products and services including AI price feeds, fully on-chain VRF, Data Hub, AI Marketplace with 100+ AI APIs, AI-based NFT generation and NFT copyright protection, Royalty Protocol, AI-powered Yield Aggregator Platform, and Cosmwasm IDE.

Oraichain | Telegram | Twitter | YouTube | Discord | GitHub | Medium | Commonwealth

About TRON DAO

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TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of February 2023, it has over 143 million total user accounts on the blockchain, more than 4.9 billion total transactions, and over $11.6 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. In May 2022, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which is the first time a major public blockchain partnering with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.

TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

Media Contact
Hayward Wong
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/156920

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Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Blockchain

Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)

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Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:

BlackRock ETF Embraces Blockchain with First Muni Bond Purchase

BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.

By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.

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Source: Yahoo Finance

Plume Secures Funding for Tokenization Platform

Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.

Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.

Source: Fortune

SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips

SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.

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As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.

Source: The Quantum Insider

Deutsche Bank’s Public, Permissioned Blockchain Initiative

Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.

The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.

Source: CoinDesk

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KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands

Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.

By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.

Source: PR Newswire

Industry Implications and Key Takeaways

Today’s developments highlight the transformative potential of blockchain across multiple domains:

  1. Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
  2. Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
  3. Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
  4. Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
  5. Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.

The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.

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