- The convergence of AI and blockchain has taken a new turn as ChatGPT integrates with the Hedera Network, allowing secure interactions with Hedera’s various services.
- The ChatGPT plugin streamlines the process of retrieving HBAR and token balances from Hedera accounts, revolutionizing asset management for users.
In a groundbreaking amalgamation of artificial intelligence (AI) and blockchain technology, ChatGPT, the advanced conversational AI, has integrated with Hedera, the network of the native cryptocurrency HBAR. This integration allows ChatGPT to leverage the decentralized attributes of blockchain, establishing secure interactions with tools such as Hedera Consensus Service, Hedera Token Service, and Smart Contract Service.
The focus of this integration is the retrieval of token balances of Hedera accounts. Developer Ed Marquez has shared instructions for creating the plugin on Twitter. According to Marquez, users can monitor account balances either through a network explorer or programmatically using the mirror node Rest API (Application Programming Interface), a tool which the ChatGPT plugin will employ. The balance data retrieved is presented in tinybars (tℏ), with one HBAR equivalent to 100,000,000 tℏ.
The accounts on Hedera, which include the native HBAR, as well as fungible and non-fungible tokens created on the network, are stored on a ledger. The integration of ChatGPT with the Hedera Network through the plugin allows for the retrieval of HBAR and token balances from these accounts. This integration simplifies asset monitoring and management for users by enabling a seamless interaction between ChatGPT and the blockchain.
Once users develop the plugin and operationalize the API, they can install it in the ChatGPT user interface. Following this, users can communicate with ChatGPT to enquire about HBAR and token balances associated with Hedera accounts. The plugin will then use the Hedera mirror node Rest API to fetch the required data.
The integration of blockchain and AI offers multiple advantages. It ensures the verifiability and integrity of AI-generated content, allowing users to participate in microtransactions, access premium content, and engage in tokenized economies without concerns about excessive fees or delays.
More significantly, this convergence of technologies paves the way for the development of decentralized applications. These applications can harness the strengths of both AI and blockchain to create decentralized marketplaces, collaborative platforms, and systems that reward user contributions.