FIDE Unveils BecknGPT, an AI Agent Combining ChatGPT and Beckn Protocol

May 28, 2024

An important part of e-commerce innovation is the Foundation for Interoperability in the Digital Economy (FIDE). They just released a new AI agent called Beckn Generative Pre-trained Transformer (BecknGPT). This AI agent is made to handle business deals on its own, using Open AI’s ChatGPT model to work within the Open Network for Digital Commerce (ONDC) framework.

Understanding BecknGPT and Its Capabilities

BecknGPT’s technology is based on the Beckn protocol, which is a set standard that makes transfers between networks easy. You can use this protocol to do deals with BecknGPT both within the same network and different networks. In this case, it can easily handle transactions from a retail network to an open electricity network. This interoperability is a big step toward a digital commerce world that works better and is more integrated.

Broader Impact on E-commerce

The development of BecknGPT opens up many ways to get rid of the problems that have usually come with digital transactions. BecknGPT wants to make ecommerce more accessible to everyone by lowering the hurdles to digital access and getting rid of language barriers. Many people, from individuals to small businesses, will likely gain from this change. It will make services easier to get to and more efficient in many areas, such as healthcare, retail, and education.

What is Beckn Protocol?

The Beckn Protocol is an open, decentralized standard that lets digital sites and apps talk to each other. It’s made to work regardless of the technology, industry, or location, so it can facilitate free and open trade. Beckn was mainly made in India to make internet commerce more accessible to everyone. It works with a lot of different apps, from movement to healthcare. The system uses open APIs that don’t make any rules, so it encourages a collaborative model instead of a competitive one. Key features protect user privacy by encrypting data from end to end and keeping users anonymous. The Beckn Foundation also oversees the company’s growth and makes sure it stays true to its core values.

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