The Chat-GPT Moment For Blockchain
There is no doubt that Chat-GPT has changed everything.
It was a little less than a year ago when OpenAI released its demo version of ChatGPT. Since that time, everything in the world of artificial intelligence changed. The first version was nothing compared to the last update. This is getting the imagination of people going.
Not only that, something more important it taking place. We are seeing the technology implemented into the platforms we use. Not only does OpenAI have their version, which is going into Microsoft products like Bing, but all software developers and platform providers are looking at making the same move.
Google, Salesforce, and Adobe are just a few examples. Then we have Amazon buying Claude for a whopping $4 billion.
A year ago, this was on the radar of very few people outside the hardcore technology community.
What does this mean for blockchain and how will it impact ecosystems like Hive going foward?
Web 3.0
In a recent article I broke down what Web 3.0 was and how it differs from Web3. Some might believe is semantics yet I feel it provides a framework against which to analyze what is happening.
Quickly, web3 is blockchain and cryptocurrency. It is the idea of decentralized infrastructure along with business structures. At the same time, Web 3.0 is the potentiality of AI & robotics, spatial web, blockchain/crypto, genetics, bio-tech, and energy.
In other words, web3 is a part of Web 3.0.
Of course, we have to point out that both blockchain and artificial intelligence are expected components to Web 3.0. This is something that we have to consider.
Each aspect could face the ChatGPT moment. This is when the world wakes up to the value being presented. To achieve this, a number of things are required.
The first is the technology has to be to the point to make a difference. OpenAI was started in 2015, a full 7 years before this product was open to the public. That is a long time to develop.
Blockchain is in the open from the day it starts. However, even though we are more than a decade in, we still haven't had the major, game-changing hit.
There is precedent though. Fusion, something many believe will be part of Web 3.0, has been at it for more than half a century. Sometimes, things truly do take time.
Blockchain Integration
As compared to ChatGPT, there is a notable difference.
We are see this technology built into many of our commonly used platforms. Blockchain works from the opposite directions. Platforms are built upon these networks.
It is for this reason why the aha moment could be evolutionary. There will likely come a point where much is operating on blockchain. It will be like "yeah no kidding". This is akin to saying something is run on the cloud today.
The key to take away from ChatGPT is the speed at which it is disrupting things. We are still in the early stages of the technological progress. Evidently, OpenAI has a version (ChatGPT5 I believe) that will blow people away. In fact, they are holding it back because of what it can do.
Blockchain will likely follow a similar path. We are seeing a lot of infrastructure being built today. That takes a lot of time. Each day, there is more being built on these networks, although not enough to garner the mass population.
That is probably a temporary matter.
100 Million Users
The ChatGPT moment for blockchain will be the day that an application hits 100 million users in record time.
This is something we see happening repeatedly. We had Instagram. Then TikTok. And now ChatGPT. It is the present record holder.
This application was the fastest to reach 100 million users, achieving this in under 2 months of release.
What we can take away is there will be something that tops this in the future.
Will this be built on blockchain? At some point, this is going to be the case. We are going to see tens of millions flocking to an application each week. It will be something that gets discussed on most talk shows.
Of course, there might be one difference: most might not even be aware that it is running on a blockchain. This might be "hidden" from the general public.
After all, how many were aware of the emergence of cloud a little more than a decade ago. Naturally, those making the decisions of where to house the data were well aware of it. That said, users and customers had little clue (nor did they care).
Opportunity For Hive?
Could this be an opportunity for Hive?
To be honest, it is an opportunity for anyone. In other articles, we discussed the reasons why I think Hive is different and how it stands out. This is a technology game which means having strong tech is vital. When we look at things from the ground up, i.e base layer, we see how much further along we are.
This is something that can be leveraged at the second layer. The question is will it. So far, the industry has not achieved this end. For all the discussion about Ethereum, what is there which is truly revolutionary in terms of what people use?
It is a reality that, so far, blockchain has not made a ton of impact. When people ask where web3 is, it is for good reason. The answer is we are still in the process of building it.
People utilize applications and games. The average person does not care about infrastructure. Of course, if it goes down, then they become aware of it. This is the catch-22 that developers find themselves in.
The key is to make the backend as little a part of the story as possible (form the users perspective). Success is achieved when nobody notices.
Application are much different. Naturally, they want to be smooth and as bug free as possible. However, unlike infrastructure, they need to be sexy. Here is where the users are garnered.
ChatGPT might be some interesting tech. This is as far as the conversion goes with most users. Instead, the fact that a few prompts can be added and back comes a lot more information is what the users are interested in.
It is the same with blockchain. What we are building that people want to use? It is a tough line to walk since we know the infrastructure is still rather limited. That said, it is time for people to start thinking about this.
Over the past few weeks, we focused upon the idea of building a business on Hive. This is what is needed. Having the infrastructure means nothing unless people are developing what others want to use.
It is going to be the difference maker.
Right now, across the board with blockchain, that is still being searched.
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The field of AI is in full development and I think that tools that use AI are very useful, and that you can do great things with them. Integration with different platforms would be a step forward in the same, and of course if it were integrated with blockchain technology I think it would be a great thing. I think that's where the technology is going, to integrate AI in all aspects.
It is unavoidable in my view. We are already seeing the platforms integrating the chatbot technology. This will only get better and more expansive.
I just hope the world will be to sustain the presence of this chat-GPT and not corrupt it at the long run
To be honest, that is where something like Hive enters. The ability to post data on a decentralized database means it can be scraped and used to train AI. That is important.
100 million users is not surprising. I feel like this number will also be exceeded because of the way it is changing everything and gaining popularity day by day hopefully this number will also be exceeded.
That is what happened in the first couple months. Now I would say it is into the hundreds of millions of users..at least with the chatbot tech.
The network of taunet.io Is un development
@kevinwong say every day this Is the future.
We are underwater only waiting for the launch.
I am not familiar with that project. Taunet.io does not come up although it might not be live.
But he is a sharp cookie so I will pay attention.
I agree, developers need a stable infrastructure to build. Chat GPT is a great technology that is constantly improving even though it still makes up materials to fill in information gaps. Hive may have infrastructure but needs to have developers use it to make it really grow. Not being a developer I'm not sure how to catch their interest when there are so many other infrastructures out there already...
Hive needs more at every level. It is really that simple. Developers certainly are one piece of the puzzle. So are business builders.
AI has changed many things and is still changing many things. Here we are in the era of AI and a lot of developments are being seen. Just like the one you mentioned; TikTok have 100million users and other apps.
Thank you Task for this article. Now I know that web3 is a part of web 3.0. Before I thought they mean the same thing.
It is going to keep integrating with more of our world around us. This is something that we can expect. Just like the Internet is really integrated with most businesses.
I have used many AI in making research, but I have observed that chat-GPT is an amazing AI best for me for making research, because it makes my researches more easier and more simple, and just like me many millions of people are using this AI and are exploring it and learning vital lessons from the AI so are mine.
Give it a year and see where we stand. In fact, there is an arms race with chatbots.
Blockchains are already becoming the 'go to technology' for supply chain tracking, medical records and a slew of other 'non-glamorous' things that have nothing to do with cryptocurrency.
I agree. Cryptocurrency is to blockchain like email is to the internet. Nobody would say email is the internet.
It feels like AI is new crypto 🤷♀️
AI started long before crypto and is much bigger.
I would love to know wht sort of business are you proposing...
Anything that uses a database. Hive is a decentralized database. My latest article talked about looking at Hive as a series of pages of information, that all can be linked together.
Noice.
Try chain gpt
Very interesting development.
Yeah, the ChatGPT is really a nice application that has many good functions, just as you have stated in your article. I am also certain and sure that this application will stand the number of users as compared to the other social media platforms that were in the lead when it comes to the number of users. It is indeed a helpful tool as it really helped me in making my research work easier. I would say thanks to AI tools.
Next year will be Big
By this, does it mean that CHATGPT will be integrated into Hive ecosystem, such that hiveans can get replies inside hive similar to the ones in CHATGPT?
I would think many applications are starting to integrate it. Do not forget, this is more than just comments. It can be expanded to do a lot more stuff.
I don't know much about web3 but what I know about Hive shows me incredible potential! There is still little structure and dapps are often slow, I believe that if this has a solution by current developers, many projects may be interested in investing time and money here!
And with the rapid evolution and integration of AI, it will become increasingly easier to optimize and improve development here.
Sticking around Hive will teach you about web3.
this is indeed a technology with no comparison at the moment. Hitting 100 million users in two months. This is to show that ChatGPT has some good features which can be enhanced for global benignity despite how unproductive it had made people look. I have also seen the crystal different between Web3 and web3.0 through your article. Finally, the hive ecosystem as you said has a stronger mechanism although encorporated AI but also has what it takes to mitigate the infiltration of the system with such works done with ChatGPT. Nice article bye.