Chromia, a prominent player in the blockchain sector, has completed its Asgard Mainnet Upgrade, a significant enhancement designed to expand the platform's capabilities, particularly in the realms of decentralised finance (DeFi) and artificial intelligence (AI). This upgrade solidifies Chromia’s position in blockchain innovation, providing critical features that cater to the evolving needs of the industry.
The Asgard upgrade introduces a modular framework known as Chromia Extensions, which significantly enhances the core functionalities of the blockchain. This open system allows for the easy integration of specific features tailored to complement the relational architecture for data management, positioning Chromia along a vital path towards data-driven blockchain technology. Furthermore, it supports a gas-free economy within the platform, presenting users with an additional layer of flexibility.
Among the standout features of this upgrade is the Oracle Extension, which delivers real-time on-chain price feeds updated every second. This functionality is tailored for intricate DeFi infrastructures, such as decentralised exchanges, lending protocols, and futures trading. "It’s very important for the expansion and growth of the DeFi ecosystem," stated Ludvig Öberg, Vice President of Chromia’s Platform Unit.
Looking ahead, Chromia plans to launch the AI Inference Extension in the first quarter of 2025. This groundbreaking feature will enable developers to execute AI models directly on the blockchain while maintaining transparency in the use of data. Yeou Jie, Head of Business Development at Chromia, highlighted the platform’s unique relational blockchain structure, which enhances the handling and training of AI data with transparency in mind. To further this aim, Chromia has established a Data and AI Division focused on developing tools to facilitate efficient and transparent AI solutions.
The future development roadmap for Chromia includes plans for integration with centralised exchanges and cross-chain wallets, enhancing the platform’s interoperability and reach. The Oracle Extension is poised for public demonstration soon, along with its interaction capabilities with various DeFi protocols. These strategic advancements underscore Chromia’s commitment to bridging the gap between blockchain technology and real-world applications, catering to sectors ranging from gaming to business-oriented solutions.
Source: Noah Wire Services