Hello CAKE holders! 🥞
We held an AMA with Oachis from the OORT team to get to know the project more! If you missed participating in the AMA, read this article and learn about their project!
Hi Everyone. I am the CTO of OORT. Nice to meet Pancakeswap community here
OORT is a cloud platform for decentralized AI, founded in May 2021. Our mission is to build an ecosystem where trust is paramount, ensuring humans and AI can thrive together.
We achieve this by utilizing global resources, from data centers to edge devices, and incorporating a blockchain-based verification layer. OORT offers a suite of services, including data collection and labeling, data storage, and model training.
Our goal is to democratize AI development, making it more inclusive and transparent by involving the community in every stage of the process. This approach not only enhances trust but also ensures that AI development is equitable and efficient.
[Q1]: Can you explain the importance of using varied data from different groups in training AI models?
Using diverse data from different groups makes sure AI models are fair and inclusive. If an AI is mainly trained on data from one specific group, it might unintentionally favor or disadvantage certain groups, causing biased decisions. By using varied data, we can create AI systems that are more balanced and representative, reducing the risk of bias and making sure everyone benefits from AI.
[Q2]: How does OORT's decentralized approach to AI development differ from traditional centralized AI systems?
Traditional centralized AI systems, like the ones run by companies such as OpenAI and Google, operate behind closed doors using their own data centers.
On the other hand, OORT uses blockchain technology to build a decentralized ecosystem where every step of AI development is open and transparent. This includes data collection, preprocessing, model design, training, and deployment, with everything recorded on the blockchain for better transparency and accountability.
[Q3]: Can you provide an overview of the products offered by OORT and their unique features?
OORT has a range of products designed to make AI development transparent and decentralized:
OORT Datahub: This helps AI projects by collecting and labeling data from the global OORT community. It uses blockchain tech to keep a clear, permanent record of every step, ensuring transparency and trust.
OORT Storage: This decentralized storage combines global servers like Seagate, Tencent Cloud, and OORT's own Deimos edge device. It works like Amazon AWS S3 but is 60% cheaper, offering a more cost-effective option for data storage.
OORT Compute: Launching in 2024, this product uses geo-distributed GPUs for affordable AI model training and inference. It allows AI engineers to tap into under-utilized global computing networks at a fraction of the cost of traditional services like AWS or Google Cloud.
[Q4]: What are the key components of OORT's Decentralized Physical Infrastructure (DePin), and how do they function?
OORT's DePin system has three types of physical nodes: Super nodes, Archiving nodes, and Edge nodes. Super nodes, provided by partners like Seagate and Tencent Cloud, handle AI model training and large data storage.
Archiving nodes, from Filecoin and Arweave, securely store backup AI datasets. Edge nodes, owned by users, store data locally, help with labeling, and run AI models for quick decision-making. These nodes are connected by OORT's Olympus Protocol, which ensures secure and transparent operation using a proof of honesty consensus algorithm.
[Q5]: What makes OORT stand out in the decentralized AI space compared to other projects
OORT stands out by offering a complete platform that supports every stage of AI development, from data collection and labeling to model training and deployment. What sets OORT apart is its focus on transparency, community involvement, and cost-effectiveness.
Plus, OORT's products—Datahub, Storage, and Compute—work perfectly together to provide a top-notch AI development experience. This comprehensive approach, with a strong emphasis on making AI accessible and democratic, gives OORT a real edge in the decentralized AI space.
Q1: How does Oort achieve cost efficiency for its users in a decentralized model, especially when handling high-volume AI data processing and storage?
OORT achieves cost efficiency through its decentralized model by leveraging idle computing and storage resources from a global network of contributors. This approach reduces reliance on centralized data centers, lowering operational costs. Additionally, the decentralized architecture minimizes data transfer expenses and provides scalability on-demand, which is crucial for handling high-volume AI data processing and storage.
The community-driven model further reduces costs by incentivizing participants to contribute resources in exchange for rewards, thus creating a sustainable and economically efficient ecosystem.
Q2: Can you discuss the role of edge computing in OORT's decentralized cloud architecture and its impact on AI applications?
In OORT's decentralized cloud architecture, edge computing plays a crucial role by enabling data processing and analysis closer to the data source. This reduces latency, enhances real-time processing capabilities, and improves bandwidth efficiency.
For AI applications, this means faster response times, better handling of large-scale, real-time data, and reduced costs associated with data transfer to centralized servers. Edge computing also enhances privacy and security by keeping sensitive data local, which is vital for applications in healthcare, finance, and other industries requiring stringent data protection.
Q3: How can $OORT token holder bridge tokens from OORT mainnet to the BSC Chain ? Can you please explain it ?
OORT had its own layer one block chain solution with PoH (proof of honesty) consensus. So OORT is the native token on it’s blockchain
Now, we are building the bridge to have the chain interoperability with other chains. BSC is just the beginning.
The bridge is here bridge.oortfoundation.org
It enable OORT to be available in the DeFi ecosystem of other chains and increase the liquidity. It also enable the collaboration opportunities with the projects on the other chains
Q4: What are the unique features and advantages of the OORT token that set it apart from other cryptocurrencies in the market?
It’s a great question. What is unique about OORT token is its utility and our burning mechanism. OORT had promised to burn up to 800 million tokens by using the profit that generated.
Also, for miners, they have to pay 60 dollars license fee to purchase OORT and burn it. We are building a deflating model on the token.
Q5: CAN you list 1-3 killer features of your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
The OORT team prepared a few questions in a form. Users had to fill their public wallet address (not your private keys), Answers and Telegram/Discord username. Some lucky users who answered all correct have received a reward!
If you want to participate in this kind of events, follow up in our social channels to find out when the next AMA will be!
That’s all from AMA! It was a very informative Q & A session.
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The Chefs 🐰