Project Overview: OORT
In the world of data storage, decentralization brings inherent advantages but often falls short in crucial aspects that users depend on: Trust, Enterprise-Level Performance, and Reliability. OORT stands as a solution poised to redefine the decentralized infrastructure landscape. At its core, OORT leverages advanced technologies and AI Interaction to catalyze the widespread adoption of decentralized infrastructure. In this article, you’ll learn more about the project and its core values, as well as details about its work, products, and future developments.
Main Takeaways
- OORT Is a Decentralized Cloud Platform
- The Project Offers Three Main Products
- OORT Developed Multiple Testnets
- OORT’s Ecosystem Roles Are Node Validator, Holder, and Developer
- The Project’s Token Is Prone to Deflation
What is OORT?
OORT functions as a decentralized cloud, emphasizing privacy and cost efficiency by integrating global computing and storage resources. The platform offers enterprise-grade solutions tailored for generative AI and data-centric business
The primary objective of OORT is to enable individuals to have full ownership and control over their data, with natural language serving as the interface for seamless data interaction. As pioneers in the intelligent decentralized data cloud domain, OORT holds U.S. patents and is supported by world-renowned scientists and academic publications. The project has over 40+ partners, including enterprise giants like DELL, Lenovo, Tencent; and Web3 companies like Cardano, BNBChain, storj, and more. Collaborations extend to more than 20 U.S. universities, such as Harvard, MIT, and the University of Chicago. The core team, headquartered in New York, comprises professionals with backgrounds from VCs and institutions like Columbia University, Qualcomm, AT&T, and JP Morgan, contributing to OORT’s leadership in decentralized data cloud technology.
What Makes OORT Unique?
- Savings: Up to 80% cost savings on cloud services
- Reliability: Benefit from patented consensus algorithm, ensuring reliability in a trustless & geo-distributed environment.
- Trust: Endorsed by industry leaders like Dell Technologies, Tencent Cloud, and Lenovo Image
- Accuracy: OORT AI is factually accurate, non-biased, and censorship-resistant
- Partnerships: Revenue share partnerships with Dell and Lenovo
Existing and Future Products
Here are the three main products OORT offers.
OORT Storage
OORT Storage within the OORT framework serves as a robust cloud storage solution, offering users a secure, private, and cost-effective alternative to major players like Amazon S3 or Google Cloud.
The functionality of OORT Storage can be understood through its key features:
- Erasure Coding: OORT Storage employs special codes to break down files into smaller components, enhancing data security.
- Spread Across OORT Nodes: These smaller file components are distributed across various locations in the OORT infrastructure, ensuring data safety.
- IP-Based Retrieval: For efficient file retrieval, OORT Storage simultaneously retrieves components from multiple locations, ensuring speedy access.
- Proof-of-Honesty (PoH): OORT Storage incorporates its patented consensus mechanism, verifying the integrity of stored data.
- Enterprise-Grade Performance: OORT Storage adheres to high-performance standards, making it a reliable choice for users.
Moreover, OORT Storage offers a cost-effective solution. Users benefit from a perpetual free tier and, for additional needs, pay-as-you-go rates that are up to 80% cheaper than AWS. OORT Storage accommodates hot and cold data, undergoing rigorous testing to guarantee reliability and speed. OORT Storage emerges as a user-friendly and secure cloud storage option within the OORT ecosystem.
OORT AI
OOrt AI is an intelligent platform for creating advanced AI agents. It runs on top of the OORT cloud and is a factually accurate (non-biased) tool for businesses interested in integrating AI into their model. OORT AI is easy to train and use. The power of decentralization cuts costs, giving you top-notch service for less money. Why settle for basic when you have an AI friend matching your brand? Customize your AI to handle different kinds of data like text, images, sound, or video and talk in a way that suits your brand. Their prompt and context optimizer feature helps AI handle complex instructions easily. And with the self-improvement tool, your AI friend improves based on user feedback. All the data running on your AI agent will be safely stored on OORT Storage, granting you exclusive and full control of access and content. You can also use OORT AI on your servers to follow rules like HIPAA and GDPR and keep your data safe.
OORT Compute
OORT Compute is the decentralized data computing engine designed to enhance data analytics, pipelines, and similar tasks. The anticipated launch date for OORT Compute is the second quarter of 2024.
Tokenomics
Token Overview & Use Cases
In the OORT community, participants take on various roles, such as miners who contribute computing power and token holders who participate in governance. Developers are responsible for building out the ecosystem by creating dapps. Users can pay with fiat currency or OORT tokens for OORT products and services, with discounts for the latter. Tokens can also be used for staking, governance, and contributing to the resilience of the network.
Governance is a function where users propose and vote on network-related matters. Proposals require a deposit; if unsuccessful, the deposit goes to miners. The OORT Foundation will use up to 30% profit to regularly buy back and burn its utility tokens to reduce the total token supply and thus gradually and continuously increase token value. Token burning occurs every three months, capped at 40% of the total supply, aiming to sustain token value in the OORT community over time.
Roadmap & Updates
Community
Closing Thoughts
Inclosing, OORT is an interesting project that will likely democratize data in the same way Bitcoin democratized finance. By combining decentralization with advanced technology and academia, the project offers the same reliability and safety as large conglomerates like AWS while maintaining Bitcoin’s core values.
Disclaimer
NOT FINANCIAL ADVICE: The information provided on this website is for informational purposes only and should not be considered financial or investment advice. It is not a recommendation to buy, sell, or hold any crypto or investment.
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