Sunday, 25 June 2023

Hedera Network Launches ChatGPT Plugin

ChatGPT and Hedera Network: A Convergence of Blockchain and AI

A convergence of blockchain and artificial intelligence (AI) has occurred between ChatGPT and Hedera (HBAR), the native cryptocurrency of the Hedera network. By capitalizing on the decentralized characteristics of blockchain networks, ChatGPT can establish secure interactions with the Hedera network, accessing its tools like the Hedera Consensus Service, Hedera Token Service, and Smart Contract Service.

Integrating ChatGPT with Hedera Network

On Twitter, developer Ed Marquez provided instructions on creating the plugin, focusing on token balances of Hedera accounts. According to Marquez, users can view account balances through a network explorer or programmatically retrieve them via the mirror node Rest application programming interface (API), which the plugin will utilize. HBAR information is returned in tinybars (tℏ), where 100,000,000 tℏ represents one ℏ.

Efficient Asset Monitoring and Management

Accounts in Hedera are stored in the ledger that holds tokens, including HBAR, fungible tokens, and nonfungible tokens created on Hedera.

Using a plugin, the integration of ChatGPT with the Hedera network allows for retrieving HBAR and token balances from Hedera accounts. This integration streamlines the interaction between ChatGPT and the blockchain, simplifying asset monitoring and management for users.

After the development of the plugin and the successful operation of the API, it becomes possible to install the plugin within the ChatGPT UI. By installing and enabling the plugin, users can interact with ChatGPT to inquire about HBAR and token balances associated with Hedera accounts. The plugin will then send requests to the Hedera mirror node API to retrieve the necessary information.

Verifying Content Origin and Integrity

By utilizing blockchain technology, the origin and integrity of AI-generated content can be verified, ensuring greater reliability and trustworthiness. Users can engage in microtransactions, access premium content, and participate in tokenized economies without worrying about high fees or delays.

It also opens the door to the development of decentralized applications (dApps). These dApps can leverage the strengths of both technologies, creating decentralized marketplaces, collaborative platforms, and rewarding user contributions.

Editor Notes

The convergence of blockchain and AI in the ChatGPT and Hedera Network integration is an exciting development. It brings together the decentralized nature of blockchain with the capabilities of AI, opening up new possibilities for asset management, content verification, and decentralized applications. This integration showcases the potential of combining different technologies to create innovative solutions. To stay updated on the latest news and advancements in technology, visit GPT News Room.

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