.jpg)
We are introducing the Intelligent Oracle, a new class of AI-powered Oracle capable of fetching any data from the internet and putting it on-chain to enable decentralized prediction markets, insurances, perpetuals without limits and many more use cases. Intelligent Oracle is the first product based on Intelligent Contracts, powered by the first Intelligent Blockchain: GenLayer. Radix DLT, Etherisc, PredX, Delphi Bets and Provably are the first partners to use GenLayer’s Intelligent Oracle solution.
The Intelligent Oracle is powered by Large Language Models (LLMs), integrated directly into GenLayer’s Optimistic Democracy consensus mechanism. Validators connect to LLMs, enabling the network to process non-deterministic transactions by fetching data from the Internet. When a query is made, a lead validator generates a proposed result using an LLM, while other validators independently verify this output against the pre-set equivalence criteria. Optimistic Democracy ensures all decisions are accurate, reliable, and secure.
The Oracle operates seamlessly within the GenLayer blockchain, delivering decentralized, transparent data access while supporting cross-chain compatibility. The Intelligent Oracle will first be hosted on a permissioned local network while preparing for the GenLayer Testnet towards the end of the year.
You can learn more about the Intelligent Oracle on this website: intelligentoracle.com.
Current dApps are hungry for real-world data, but they can’t access it due to their limitation to on-chain information. Prediction markets, insurance claims, and financial derivatives require immediate, accurate, and sometimes subjective data from the Internet. Traditional Oracle solutions are inadequate—they rely on pre-defined datasets or manual intervention, which makes them slow, costly, and inflexible.
Platforms like UMA and Chainlink have attempted to address these limitations but fall short in key areas. For example, Polymarket, the largest decentralized prediction market, faces systemic issues: vague or poorly defined specifications lead to disputes, while UMA, used as the resolution oracle, imposes significant costs and delays. Resolving disputes can take up to 98 hours, with costs reaching $4,200 to $104,000 per market, depending on volume. Chainlink, constitutes a decentralized solution but struggles with real-time, arbitrary data fetching.
Prediction markets: Valued at $35 billion in 2022 and projected to reach $67 billion by 2028, prediction markets depend on accurate, timely data. Platforms like Polymarket, which hit $500 million in monthly volume in September, still struggle without reliable real-time data. GenLayer’s Intelligent Oracle automates market resolutions by scraping trusted web sources and defining specifications using LLMs, providing speed and accuracy unmatched by existing solutions.
Insurance: With $5.6 trillion in premium income, the insurance industry faces challenges in event-based claim processing. Hurricanes alone caused $130 billion in damages in 2022, underscoring the need for automation. The Intelligent Oracle enables fast, automated claim verification by fetching real-time data from the web, supporting parametric insurance and allowing payouts under pre-agreed conditions. Developers can tap into liquidity across various blockchains, streamlining decentralized insurance processes.
Financial Derivatives: Recorded a volume of $600 trillion and $13.2 trillion in the crypto derivatives market in 2024 and relies on up-to-the-second data. The Intelligent Oracle introduces real-time data gathering for innovative products like perpetual markets across diverse assets, including gold and stocks. Whether for options trading or contract management, Oracle ensures decisions are powered by accurate, trustworthy, and current information.
1. Cost-Effective and Fast:
- Allows for transaction finality in less than an hour, even in complex cases. Prediction markets no longer have to wait up to 98 hours for bet resolutions.
- Guaranteed lowest prices: Prediction markets can be resolved for less than a dollar per market, a fraction of what other solutions charge.
2. Real-Time Data Fetching: Autonomously scrapes the web for any real-time data, ensuring instant event resolution.
3. Scalability Across Chains: GenLayer’s oracle is cross-chain compatible and can integrate seamlessly with multiple blockchains ensuring that dApps can remain in their own ecosystem.
Specifically, prediction markets can rely on GenLayer’s accuracy, which integrates multiple AI models at the consensus layer to resolve their markets with accuracy and speed. They can also use the open-source market definition agent to enable their users to create well-defined market specifications. This ensures that prediction markets are is defined with greater precision, reducing ambiguity and potential disputes. The Intelligent Oracle excels in ingesting data from the web, analyzing patterns, and delivering decisions that are both faster and more accurate than human counterparts. This minimizes errors and improves the overall reliability of market resolutions.
The generalized chart shows that with inter-blockchain communication protocols, prediction markets across any blockchain can utilize the Intelligent Oracle to fetch reliable, verified data, providing a trustworthy platform for casual and professional traders alike.
GenLayer is proud to announce the first five official partners incorporating the Intelligent Oracle to enhance their product offerings: RadixDLT, Etherisc, PredX, Provably, Delphi Bets and Provably.
Radix DLT is a leading blockchain for DeFi, focusing on scalability, security, and developer-friendly tools. It is the first blockchain to integrate the Intelligent Oracle, enabling Radix dApps to fetch internet data for complex, real-time decision-making autonomously. This partnership empowers Radix developers to build efficient DeFi solutions that leverage decentralized, real-time insights.
By integrating GenLayer's AI-driven Intelligent Oracle, the Radix developer ecosystem gains the ability to deliver subjective responses to smart contract queries. This integration enables new use cases, such as secure and verifiable event-based triggers, including election results, all while leveraging the Radix technology stack. Together, Radix and GenLayer are equipping developers with advanced AI capabilities, enabling a new generation of decentralized applications."
- Piers Ridyard, CEO, RDX Works Ltd
Etherisc is a pioneer in blockchain-based insurance, leveraging GenLayer's Intelligent Oracle to enhance parametric insurance solutions. The Oracle enables automated claims processing and event-based payouts, reducing operational delays and increasing transparency. Etherisc’s solutions, powered by GenLayer’s LLMs, foster trust and efficiency in decentralized risk management.
"At Etherisc, we are committed to transforming the insurance industry with transparency, efficiency, and innovation. Integrating the Intelligent Oracle allows us to harness AI capabilities on-chain, enabling automated claims processing and real-time risk assessment. Together, we are shaping the future of decentralized insurance."
- Christoph Mussenbrock, Co-Founder and CEO, Etherisc
PredX utilizes GenLayer’s Intelligent Oracle to revolutionize prediction markets by integrating AI and real-time web data. The Oracle significantly cuts costs and speeds up market resolutions, offering a reliable platform for both casual and professional traders. By autonomously fetching verified data, PredX enhances its users' accuracy and scalability.
“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, PredX.ai
Provably aims to innovate verifiable analytics and secure private data access for decentralized applications. By merging Provably’s zero-knowledge (ZK) technology with GenLayer’s intelligent contract framework, this partnership enables dApps to utilize private, high-quality data sources for AI-driven contract execution. The collaboration supports privacy-focused, data-rich use cases in prediction markets, insurance, and beyond.
"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, Provably
GenLayer’s Intelligent Oracle is more than just a tool; it’s a shift in how we interact with data in the decentralized world. By removing the dependency on human-driven resolution systems and offering cross-chain compatibility, the Intelligent Oracle provides a scalable, efficient, and future-proof solution for decision-making.
For protocols looking to reduce operational costs, speed up decision-making, and ensure more accurate resolutions, GenLayer’s Intelligent Oracle is the solution. Whether in prediction markets, insurance, or financial derivatives, this AI-powered oracle offers a one-size-fits-all solution that enables protocols to stay ahead of the competition.
Learn more about the Intelligent Oracle on our website intelligentoracle.com!
Website | Blog | Discord | X (prev. Twitter) | LinkedIn | Telegram | Studio | Docs | Whitepaper