OORT

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OORT
IndustryTechnology, Information and Internet
FoundedMay 2021; 3 years ago (2021-05)
Headquarters
New York
Websiteoortech.com

OORT is a technology company specializing in decentralized artificial intelligence (AI) infrastructure.[1][2] Founded in May 2021 and headquartered in New York, the company develops blockchain-based solutions aimed at enhancing data privacy, scalability, and transparency in AI development. [3][3] OORT operates on its proprietary Olympus Layer-1 protocol, providing three core services: OORT Storage, OORT DataHub, and OORT Compute (upcoming).[2]

History

OORT was founded in May 2021 with the goal of developing decentralized infrastructure for artificial intelligence (AI) applications. [4] The company was established to address concerns related to data privacy, security, and scalability in AI development, leveraging blockchain technology to create a trustless and transparent ecosystem.[5]

The company introduced its Olympus Layer-1 protocol, designed to facilitate decentralized cloud computing and storage solutions.[6] In its early stages, OORT focused on building its decentralized storage and data management services, launching OORT Storage and OORT DataHub to provide scalable solutions for AI-driven applications.[7][8]

Between 2022 and 2023, OORT expanded its global infrastructure, reaching over 60,000 active nodes in more than 100 countries.[2][9] The company secured $10 million in funding from venture capital firms, including Taisu Venture, Red Beard Venture, and Sanctor Capital, and received corporate grants from Microsoft and Google.[10][11][12]

In 2024, OORT announced plans to launch OORT Compute, a decentralized AI model training service aimed at providing cost-effective and verifiable machine learning capabilities.[13] The company also strengthened its industry partnerships, collaborating with organizations such as Dell, Seagate, Binance Smart Chain, and Tencent Cloud.[2]

As part of its ongoing research and innovation efforts, OORT has secured two U.S. patents and has contributed to four academic publications focused on blockchain-based AI integration and decentralized cloud computing[14][15][2]

Market

The artificial intelligence (AI) market has experienced significant growth, with a total market valuation exceeding $136 billion in 2022 and projected to expand at a compound annual growth rate (CAGR) of 37.3% through 2030.[16][17] Within the AI sector, infrastructure components—including computation, storage, and data management—typically account for 15-25% of total AI spending.[18][19] Based on 2022 data, this segment represented an estimated $20.4 billion to $34 billion market, with projections indicating a potential increase to $52 billion by 2025.[20][21]

As AI adoption increases, decentralized solutions have emerged as an alternative to traditional cloud providers. Companies such as Amazon Web Services (AWS), Google Cloud, and Microsoft Azure dominate the centralized cloud computing sector.[22] However, decentralized infrastructure projects, including blockchain-based storage and computation services, have gained traction due to concerns over data privacy, transparency, and scalability.[23][2]

Competitive Landscape

The decentralized AI infrastructure market includes several established projects with varying specializations:

  • Filecoin – A blockchain-based decentralized storage network with a market capitalization of approximately $4 billion.[24][25]
  • Render Network – A decentralized GPU-based computation network with a market capitalization of $1 billion.[26]
  • OORT – Positioned as a decentralized AI infrastructure provider, integrating storage, computation, and data management.[27][28]
  • Storj – A decentralized cloud storage network offering secure, scalable, and efficient storage services with a market capitalization of approximately $1.3 billion. Storj leverages blockchain technology to provide privacy and cost-effective solutions for users.[29]

Unlike Filecoin, which primarily focuses on decentralized storage, or Render Network, which specializes in GPU-based distributed computation, OORT offers a comprehensive AI-specific infrastructure.[30][31] By integrating data collection, storage, and computation into a unified ecosystem, OORT aims to address multiple aspects of the AI development lifecycle.[32]

Ecosystem and Infrastructure

OORT’s decentralized AI ecosystem consists of three core components:

  • OORT DataHub – A decentralized platform for data collection and labeling.[1][33]
  • OORT Storage – A decentralized data storage solution designed for security and scalability.[34][35][36]
  • OORT Compute – A forthcoming decentralized AI model training platform, powered by OORT’s Olympus protocol.[37][38]

These products are supported by partnerships with companies such as Dell, Tencent Cloud, and Binance Smart Chain.[35] As of 2024, OORT operates a network of over 60,000 nodes in more than 100 countries, providing a globally distributed infrastructure for AI applications.[39]

Market Positioning and Future Outlook

By combining decentralized cloud services with AI-specific infrastructure, OORT seeks to capture a share of the growing AI infrastructure market. The company's approach aligns with broader industry trends favoring decentralization, data sovereignty, and cost-effective AI solutions.[40][2]

Analysts have drawn comparisons between decentralized AI infrastructure and decentralized energy grids, both of which aim to democratize access to essential resources by distributing control away from centralized entities.[41][42] As AI continues to reshape industries, the demand for secure, scalable, and transparent infrastructure is expected to grow, positioning OORT as a key participant in the decentralized AI sector.[43][44]

Technology

OORT is built on its proprietary Olympus Layer-1 protocol, a blockchain infrastructure designed to support decentralized applications (dApps) and provide transparent and verifiable artificial intelligence (AI) development.[44][45] Unlike blockchain projects that utilize established networks such as Ethereum or Solana, OORT operates on a native protocol that integrates decentralized storage, computation, and data management.[2]

The Olympus protocol serves as the foundation for OORT’s three core products: OORT DataHub, OORT Storage, and OORT Compute. These products facilitate key stages of AI development, including data collection and labeling, secure storage, and computational processing.[46][47] The interoperability of these components allows for seamless integration within the AI infrastructure, distinguishing OORT from other decentralized networks such as Filecoin and Render Network.[39] OORT’s technology includes multi-chain interoperability, enabling it to interact with other blockchain ecosystems, including Binance Smart Chain and Ethereum. Its verifiability framework ensures that processes such as data collection, storage, and computation are auditable, addressing concerns related to data integrity and model transparency. [2]The platform leverages blockchain technology to ensure that data remains unaltered and that AI models are trained on reliable datasets.[47][48] OORT holds two U.S. patents related to distributed computing and result verification.[15][2]

The OORT ecosystem incorporates a staking mechanism, allowing network participants to earn rewards for providing computational power and storage resources.[13] This incentivization model aims to support network scalability and decentralization. Additionally, OORT has suggested future implementations of derivative tokens tied to its products, potentially expanding its economic framework.[2]

OORT maintains partial open-source accessibility, with segments of its codebase available for public review on GitHub. However, proprietary components, such as its verifiability mechanisms, remain closed-source to protect intellectual property.[49] Independent security audits have been conducted on these components to ensure their integrity.

The development of OORT began in 2021, with an initial focus on research and development before securing external funding. The project has received technical support and grants from technology firms, including Microsoft and Google. Demonstrations of its decentralized data collection, storage, and computation capabilities are accessible through its interactive platform.[50][2]

OORT also employs secure bridging technology to facilitate interoperability with external blockchain networks. These mechanisms are designed to enhance security and mitigate vulnerabilities commonly associated with decentralized systems.[51]

References

  1. ↑ 1.0 1.1 "Binance Square Post". Binance.
  2. ↑ 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 2.10 2.11 "Oort Cloud for Decentralized AI". CryptoSlate. Retrieved 2025-04-07.
  3. ↑ 3.0 3.1 "OORT Announces PancakeSwap Listing and BSC Bridge". AccessNewswire. Retrieved 2025-04-07.
  4. ↑ "U.S.-China Technological "Decoupling": A Strategy and Policy Framework". Carnegie Endowment for International Peace. Retrieved 7 April 2025.
  5. ↑ "The Danger of AI's Black Box | Casper Labs". proveai.com. 13 December 2024. Retrieved 7 April 2025.
  6. ↑ "Exclusive: Olympus Protocol becomes first DeAI Layer1 to integrate USDC". crypto.news. 10 March 2025. Retrieved 7 April 2025.
  7. ↑ "OORT Assists Shenzhen Listed Company 'AI First Stock' 'CloudWalk' in Creating High-Quality Industrial Datasets, Empowering AI Industrial Scenarios!". www.binance.com. Retrieved 7 April 2025.
  8. ↑ "OORT launches blockchain-driven DataHub for ethical AI development | featured DeFi | CryptoRank.io". CryptoRank. Retrieved 7 April 2025.
  9. ↑ "Leading Practices in Governmental Processes Facilitating Infrastructure Project Preparation". ppp.worldbank.org. Retrieved 7 April 2025.
  10. ↑ "Decentralized Cloud Project OORT Closes in on $10 Million Funding Goal, Eyes Token Listing | MarketScreener". www.marketscreener.com. 8 January 2024. Retrieved 7 April 2025.
  11. ↑ "Decentralized Cloud Project OORT Closes in on $10 Million Funding Goal, Eyes Token Listing". partners.time.com. Retrieved 7 April 2025.
  12. ↑ "Decentralized Cloud Project OORT Closes in on $10 Million Funding Goal, Eyes Token Listing". Barchart.com. Retrieved 7 April 2025.
  13. ↑ 13.0 13.1 "Oortech (OORT) Price, Live Chart and Data | KuCoin". www.kucoin.com.
  14. ↑ "OORT Partners with Leading Universities and Industry Leaders to Advance Mobility and Decentralized AI Research". accessnewswire.com. Retrieved 7 April 2025.
  15. ↑ 15.0 15.1 "DePIN explosion: A look at OORT funded by tech giants Google and Microsoft". binance.com. Retrieved 7 April 2025.
  16. ↑ "Artificial Intelligence Market Size & Outlook, 2030". www.grandviewresearch.com. Retrieved 7 April 2025.
  17. ↑ Ltd, Contrive Datum Insights Pvt (22 March 2023). "Artificial Intelligence Market Is Expected To Reach USD 1,811.75 Billion by 2030, Grow at a CAGR Of 37.3% during Forecast Period 2023 To 2030 | Data By Contrive Datum Insights Pvt Ltd". GlobeNewswire News Room. Retrieved 7 April 2025.
  18. ↑ "AI Development Cost Estimation: Pricing Structure, ROI". www.coherentsolutions.com. 29 October 2024. Retrieved 7 April 2025.
  19. ↑ Piccolo, Vincenzo (14 March 2025). "How much does it cost to implement ai in 2025 - Callin". callin.io. Retrieved 7 April 2025.
  20. ↑ "Vietnam's Economic Outlook for 2025 and Key Sectors for Investors". Vietnam Briefing News. 14 January 2025. Retrieved 7 April 2025.
  21. ↑ "Viet Nam's Digital Economy to Hit $52 Billion by 2025". Vietnam News. Retrieved 2025-04-07.
  22. ↑ "The Rise of AIaaS: AI as a Service in Cloud Platforms". UniAthena. Retrieved 2025-04-07.
  23. ↑ "Blockchain-based Decentralized Storage Design". ResearchGate.
  24. ↑ "The Role of Filecoin (FIL) in Market Capitalization and Growth". Abilities Days. Retrieved 2025-04-07.
  25. ↑ "Filecoin (FIL) Price, Market Cap, Charts". CoinMarketCap. Retrieved 2025-04-07.
  26. ↑ "Binance Square Post on OORT". Binance.
  27. ↑ "OORT Case Study". Seagate. Retrieved 2025-04-07.
  28. ↑ "OORT: Pioneering Decentralized AI and Cloud Services for an Open Future". Arc.AI. Retrieved 2025-04-07.
  29. ↑ "Storj - Smarter cloud storage for your business". www.storj.io. Retrieved 7 April 2025.
  30. ↑ "Binance Square Post". Binance.
  31. ↑ "Filecoin: World's Largest Decentralized Storage Network". Medium. Retrieved 2025-04-07.
  32. ↑ "Oort Launches DataHub for Ethical AI Development". Blockchain Technology News. Retrieved 2025-04-07.
  33. ↑ "Oort DataHub Beta Launch: A Game Changer in AI Data Collection and Labeling". Access Newswire. Retrieved 2025-04-07.
  34. ↑ "Binance Square Post". Binance.
  35. ↑ 35.0 35.1 "Oort Joins Forces with BNB Greenfield to Enhance the BNB Chain Ecosystem". Cointelegraph. Retrieved 2025-04-07.
  36. ↑ "How Decentralized AI Solutions Secure Disruptive Industry". HackRead. Retrieved 2025-04-07.
  37. ↑ "Oort's AI Platform Making Computing Power Accessible to All". Keyword Kings. Retrieved 2025-04-07.
  38. ↑ "Oort AI Development". KnowTechie. Retrieved 2025-04-07.
  39. ↑ 39.0 39.1 "Decentralized AI 101: Everything You Need to Know". CoinSpeaker. Retrieved 2025-04-07.
  40. ↑ "AI & Decentralization: Empowering Data Sovereignty through Decentralized Storage". Ontology. Retrieved 2025-04-07.
  41. ↑ "Decentralized AI for Energy Grid Management and Renewable Integration". Medium. Retrieved 2025-04-07.
  42. ↑ Legge, Michelle (11 November 2024). "What is Decentralized AI? | Koinly". Koinly: Calculate Your Bitcoin and Crypto Taxes. Retrieved 7 April 2025.
  43. ↑ "Exploring Decentralized AI: The Intersection of Blockchain and Artificial Intelligence". Blaize.Tech. Retrieved 2025-04-07.
  44. ↑ 44.0 44.1 "Here's How Oort Enables Decentralized AI Applications". The Cryptonomist. Retrieved 2025-04-07.
  45. ↑ "Binance Square Post". Binance.
  46. ↑ "Oort Launches Humanaix, a Global Alliance Advancing Decentralized AI Infrastructure". Business Insider. Retrieved 2025-04-07.
  47. ↑ 47.0 47.1 "OORT x BNB Greenfield". ChainCatcher.
  48. ↑ "Oort Launches Blockchain-Driven DataHub for Ethical AI Development". CryptoSlate. Retrieved 2025-04-07.
  49. ↑ "Oort GitHub Repository". GitHub. Retrieved 2025-04-07.
  50. ↑ "Google, Microsoft Bet on Karya". The Economic Times.
  51. ↑ "MDPI: Decentralized AI Paper". MDPI.

External links

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