An infusion of ChatGPT + Bitcoin

by James · March 30, 2023

Blockchain forensics and analytics startup Blocktrace announced the development of Robby the Robot, an AI-powered robot that will interact with the Bitcoin blockchain.

ChatGPT + Bitcoin, please meet Robby the Robot. 🤖

As a language model equipped with advanced natural language processing technology, Robby can effectively interpret complex user questions and provide insightful answers. pic.twitter.com/W2OHChBoIc

— BLOCKTRACE (@blocktrace) March 28, 2023

According to the announcement, Robby is “an AI-powered robot that provides accurate and efficient answers to bitcoin-related questions.

Blocktrace intends to distribute Robby to its customers gradually and in stages. Early access beta registration for Robby the Robot is now open.

Blocktrace CEO Shaun MaGruder stated: “Bitcoin is a great project to start with and will probably always be around, just like Ethereum. It is considered OG because it was the first and has a large pool of user base addresses with a lot of activity.”

MaGruder claims that Blocktrace’s database has a copy of the Bitcoin blockchain’s data. Their AI-infused application allows users to speak in natural language with a virtual assistant.

According to MaGruder, users can request specific information faster than they could manually, such as transactions between dates and amounts.

MaGruder noted that Blocktrace seeks to enable users and investigators to use the technology created by OpenAI to quickly find Bitcoin addresses and accurately and thoroughly identify transactions on the network.

“Instead of requiring a data engineer or data scientist to translate natural language queries into SQL queries, Robbie has already been trained in the data model and can quickly retrieve results for the user,” added MaGruder.

MaGruder stated that before releasing Robby to the general public, the bot would first be sent to a limited group for testing to ensure it is reliable and that the questions the public will ask Robby are questions that Blocktrace has already asked Robby.

People will undoubtedly assess Robbie’s accuracy by comparing it to a conventional blockchain explorer, according to MaGruder. Blocktrace has therefore added a thumbs up and thumbs down button to allow users to indicate the positive and negative aspects of the AI-powered bot to gather feedback.

AI websites/apps are the talk of the town since the sudden rise of ChatGPT. Recently it was revealed that the new ChatGPT-4 helps detect Ethereum smart contract flaws and it can also offer solutions to fix vulnerabilities in the code.