🚀Top Use Cases
The primary use cases that warrant the need for bitcoin native AI enhanced decentralized oracle networks, dAPIs, and indexers are to allow for the following industries to build decentralized applications natively on bitcoin, and increase activity in the bitcoin-native ecosystem.
This includes but is not limited to:
Institutional DeFi applications and Decentralized Exchanges (DEXs)
Decentralized Insurance and Risk Management Platforms
Decentralized betting platforms and gambling markets
Decentralized prediction markets
Institutional - Grade Trading Platforms
Synthetic Asset Marketplaces and Exchanges
Real-World Asset Tokenization Platforms
NFT Marketplaces For Runes/Ordinals
DAO Governance
Decentralized ID Verification
Decentralized dataset marketplaces
Lending platforms
Stablecoins/Money Markets
Complex Financial Instruments (CDS, Repo, MM, FX Forwards, Other Complex Derivatives Markets)
Art/NFT Marketplaces
IoT Device Management
Decentralized Data Analytics
Security and Smart Contract Audits
Regulatory and Compliance checks
Verifiable Random Functions (VRF)
As a generalized framework for building decentralized oracle networks, dAPIs, and indexer/query systems, Torram provides developers the tools they need to extract the value of bitcoin native smart contract applications, currently under developed by Arch Network , and soon possibly by Torram Foundation, or other L2 mechanisms to any real-world data or events required for their use case.
Oracle networks can still be used without native smart contract functionality as well in many instances based on the UTXO model of bitcoin architecture. Reach out to us to discuss the possibilities.
While the use cases listed above are not an exhaustive list, as there is an infinite number of smart contract use cases made possible by Torram, we believe they provide a starting point for developers who are interested in building new innovative decentralized applications.
Torram is building to be stand alone as well. DONs can perform computations off-chain, using techniques like zk-SNARKs or homomorphic encryption, and then submit the results to the blockchain. This approach can be used with Bitcoin, even without native smart contracts.
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