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March 31, 2023

Blocktrace Unveils Robby, an AI Chatbot That Tracks Bitcoin Transactions

In Brief

Blocktrace has launched an AI-powered chatbot, Robby the Robot, which provides accurate and detailed information about Bitcoin.

Blocktrace aims to use OpenAI technology for quick and accurate data retrieval in Bitcoin.

Blocktrace Unveils Robby, an AI Chatbot for Bitcoin Blockchain Transaction Tracking

Blocktrace, a blockchain forensic and analytics startup, has recently unveiled its latest project, Robby the Robot. The AI-powered robot interacts with the Bitcoin blockchain, providing accurate and efficient answers to Bitcoin-related questions. 

The company’s founder Shaun MaGruder stated that Blocktrace has a complete copy of the Bitcoin blockchain’s data in the database. Its application features a natural language model, allowing users to converse with a virtual assistant using natural language. 

MaGruder explained that users could quickly request specific information, such as transactions between certain dates and amounts. This saves time compared to the manual process of using a blockchain explorer, which can take up to two hours.

Blocktrace’s ultimate goal is to use OpenAI technology to enable users and investigators to quickly locate Bitcoin addresses and identify transactions on the network with accuracy and detail.

The early access beta registration for Robby is currently open. Blocktrace hopes to gradually deploy the natural language processor to its clients to make the blockchain analysis process faster, more efficient, and, ultimately, more effective.

Blocktrace’s custom-built tools provide real-time monitoring of cryptocurrency networks, allowing for detailed analysis of all blockchain transactions. The five-year-old company offers investigation services, providing expert analysts to assist with understanding and guidance. Blocktrace also delivers hands-on training to quickly get teams up to speed on blockchain technology and crypto transactions.

The intersection of crypto and AI is a promising field that has the potential to revolutionize the way we think about money and transactions. AI can analyze vast amounts of data generated by cryptocurrency transactions, providing insights and predictions that can help investors make more informed decisions. Further along, we can expect to see new and innovative applications of AI and cryptocurrency that will shape the future of finance.

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About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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