# Chung Dao

> Chung Dao is the CEO of Oraichain Labs, co-founder of Rikkeisoft, and a former Assistant Professor at Hanoi University of Science & Technology.

- Canonical URL: https://iq.wiki/wiki/chung-dao
- Categories: People in crypto
- Tags: Founder
- Created: 2023-10-30T13:56:44.000Z
- Last updated: 2023-10-30T12:57:00.392Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**Chung Dao** is the Co-founder and CEO of [Oraichain Labs](https://iq.wiki/wiki/oraichain), an AI-powered [oracle](https://iq.wiki/wiki/oracle) and ecosystem for [blockchains](https://iq.wiki/wiki/blockchain). He is also the Co-founder of Rikkeisoft. [\[1\]](#cite-id-72paxphwqi9)[\[2\]](#cite-id-i1q51lxbb3)  
  
# Education  
  
Chung Dao attended the University of Eastern Finland for a Master of Science degree in Computer Science from 2012 to 2014. In 2014, he attended the University of Tokyo for a Doctor of Philosophy, Ph.D. in Computer Science, and graduated in 2017. [\[1\]](#cite-id-72paxphwqi9)  
  
# Career  
  
Chung Dao started his career in 2011 as an Assistant Professor at Hanoi University of Science & Technology. In April 2012, he founded Rikkeisoft[\[3\]](#cite-id-8njlgznu09e), a Software Solutions and Services provider in Vietnam. [\[1\]](#cite-id-72paxphwqi9)  
  
## Oraichain  
  
In August 2020, Chung Dao co-founded [Oraichain](https://iq.wiki/wiki/oraichain) alongside [Duc Le Pham](https://iq.wiki/wiki/duc-pham) and [Diep Nguyen](https://iq.wiki/wiki/diep-nguyen) and he serves as the CEO of the company. [\[1\]](#cite-id-72paxphwqi9)[\[4\]](#cite-id-10x1pm96kzf9)  
  
Oraichain (ORAI) is a public [blockchain](https://iq.wiki/wiki/blockchain) that allows users to create different data requests. Instead of users, [smart contracts](https://iq.wiki/wiki/smart-contract) can also request data securely from [Artificial Intelligence](https://iq.wiki/wiki/artificial-intelligence-ai) (AI) APIs through [Oraichain](https://iq.wiki/wiki/oraichain). The blockchain network is built based on Cosmos SDK along with Terdemint’s Byzantine Fault Tolerance consensus that helps speed up transactions’ confirmation time. [\[4\]](#cite-id-10x1pm96kzf9)  
  
Oraichain's features include the AI marketplace for AI algorithms, an AI provider for devs, individuals, or companies, a [staking](https://iq.wiki/wiki/staking) & earning functionality, user/AI requests, and the OraiDAO for validators and stakeholders to review community changes. [\[4\]](#cite-id-10x1pm96kzf9)[\[5\]](#cite-id-ixbifv4dvrk)  
  
> "Oraichain can be a bridge to make a trade-off between the security & AI" - Chung Dao in an interview[\[6\]](#cite-id-lcw8t6ghqg)  
>   
> "With Oraichain, you can have enhanced AI-based farming strategies, so you can up that ROI... methods of identification that you can bring into it... automated trading based on price predictions."[\[6\]](#cite-id-lcw8t6ghqg)  
  
### ORAI  
  
ORAI is the native token created and contained in the Oraichain network. There are three types of ORAI including [ERC-20](https://iq.wiki/wiki/erc-20) ORAI on the [Ethereum](https://iq.wiki/wiki/ethereum) network, [BEP-20](https://iq.wiki/wiki/bep-20) ORAI on the [BNB Chain](https://iq.wiki/wiki/binance-smart-chain), and Native ORAI on the Oraichain [Mainnet](https://iq.wiki/wiki/mainnet). [\[7\]](#cite-id-yqj4rwlaouo)  
  
The ORAI token has a total supply of 16,779,272 allocated between the Ecosystem, the [DAO](https://iq.wiki/wiki/dao) treasury, and the Foundation. [\[7\]](#cite-id-yqj4rwlaouo)  
  
On October 3, 2023, [Oraichain](https://iq.wiki/wiki/oraichain) teamed up with the [Oasis Network](https://iq.wiki/wiki/oasis) to bring Oasis Privacy Layer #OPL to Cosmos via OraiBridge. This means more privacy options for builders and users on Oraichain and the greater Cosmos ecosystem. [\[8\]](#cite-id-8v519fi5kj8)  
  
> "Oraichain is an AI oracle that integrates AI and blockchain services, offering AI-driven services for NFT projects and NFT originality proof" - Chung Dao