OpenAI + Hedera?🚀$HBAR INTERVIEW🔥

US-based trading giant Robinhood announced the listing of Hedera Hashgraph $HBAR last Friday, triggering an instant rally despite lukewarm market momentum. Meanwhile, RWA is heating up on Hedera, could OpenAI be planning integration with the hbar hashgraph?

~This episode is sponsored by Gemini~
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Guest: Gregg Bell, Chief Business Officer at Hedera
Hedera website ➜ https://hedera.com/

00:00 intro
00:06 Sponsor: Gemini
00:57 Hedera TVL Growth
01:30 HBAR Staking Lacking
01:59 Staking Rewards
03:06 Boosting Liquidity Pools?
04:03 Core Developers Growing
05:13 A.I. & Financial Services Benefits
06:50 Fees Raising by 8X???
08:59 OpenAI x Hedera Meeting?
11:23 White House Crypto Report
12:57 New Council Memeber
14:24 Nvidia & Palantir
15:39 Money Market Funds on Lloyds Bank
17:00 Legal Finality
17:28 Hedera ETFs & Treasury Companies
18:28 Hedera Roadmap
18:05 Ethereum Compatibility Coming
20:49 Why Robinhood Listed $HBAR
22:40 outro

#Crypto #chatgpt #hedera 
~OpenAI + Hedera?🚀$HBAR INTERVIEW🔥~
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Episode Transcript

Speaker 1 (00:00):
All right, today we're going to dive into a project
out there many of you have asked about, and that
is HIDERA welcome back into the show.

Speaker 2 (00:05):
My name is Paul Barron. Let's get into it today.

Speaker 1 (00:07):
I do want to thank our sponsor, and that of
course is Gemini. Gemini now has an available credit card
that you guys can jump to if you visit Gemini
dot com forward slash credit dash card. You can of
course click the link down below as well. But there's
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(00:28):
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Speaker 2 (00:31):
Using the link.

Speaker 1 (00:31):
And another cool thing that they do offer is a
pretty good stack of rewards. So these are the rewards
that they're paying on the credit card. Four percent mostly
on gas, ev charging all your transit and ride shair
as well as three percent on dining. Also, last up
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actually want to use, so it's very flexible, very easy

(00:55):
to get started on it. Just use our link download
to get started. All right, let's go into it. Hadera
has been a project that we've had on the show
many times, and I want to kind of just get
into more detail.

Speaker 2 (01:05):
I have questions. There's always concerns.

Speaker 1 (01:07):
About every project I look at, and the best way
to answer those is to get people on the show.
If you take a look currently on TBL within Hadara,
you can kind of see a little bit of sideways
growth here. So that's a real question in terms of
is the chain continuing to grow. There are scenarios that
we'll cover today and we'll get a chance to talk

(01:29):
with their chief business officer a little bit into this.
I want to play a clip for you guys, so
it kind of sets things up before we bring them in.
Take a look and I look at this and I go, gosh,
why are we not seeing higher staking rates?

Speaker 3 (01:42):
I'm actually not sure why. I'm sure there is objections
out there for some reason, but I just don't know them.
Whatever objections they are, there are in the government council
or elsewhere. I would like those to be brought forward
and discuss publicly, but you should have them on and
maybe you can get some more information.

Speaker 1 (01:56):
We will ask that question to him, all right, So
there you go. We're going to ask that question and
why are we getting better staking rewards? So I do
want to bring on the chief business officer over at Hidera,
Greg Bell.

Speaker 2 (02:08):
How are you well?

Speaker 4 (02:09):
Thanks?

Speaker 1 (02:09):
Excellent, excellent. So Greg, let's get into a couple of points.
I want to jump over to that very issue, and
staking is one of the key things that seems to
be in the market right now.

Speaker 2 (02:20):
With HBAR.

Speaker 1 (02:21):
You are able to stake it over on statter U.
There are some things within it that you can do,
but there are also some limitations. First of all, do
you think that we're going to see more platforms offering
staking services in the DeFi ecosystem for Hidera.

Speaker 4 (02:37):
Certainly, over time, I think there's going to be more
and more projects and companies that will be building on Hendera,
and certainly the staking will be part of those components
and offerings. So I would expect that to grow as
just overall support of ADERA continues to grow, and we've
seen that just recently. You know, the listings of by

(02:59):
Robinhood and back of hbar are really exciting for the ecosystem,
and so I expect to see more and more development
and support broadly.

Speaker 1 (03:07):
I was looking at if you were to go in
and get some liquid staking going. Of course right there
you get hbar X, but USDC definitely not on the
front line, which I think has been one of the
big targets for a lot of people. Anything special that
you guys are doing to help kind of foster growth.

Speaker 4 (03:24):
Well, it's a public network, so of course anybody can
come and deploy on hinder Hendera's got a number of
different programming languages that are accessible, which makes it one
of the premiere protocols to build on. I would say
that what makes it really unique and why when an
enterprise a fortune five hundred is choosing a chain they

(03:44):
choose Hidera is because of the institutional adoption. Right Handera
is run by a network of global Fortune five hundred companies.
It's a combination of a low predictable fees and the accessibility,
and so it's a great place for any builder to
come and interact.

Speaker 1 (04:04):
So okay, so one good thing I think when I
was looking at just some of the scenarios that are
playing out here within hbar is the core developers are growing.
I was looking at token terminal here just to give
an example. This kind of shows right now that Haadera
is holding a position of number three, I'll kind of
zoom in on that so everybody can see so third

(04:26):
behind other l ones out there. What do you attribute
the growth on developers into the ecosystem and what are
they building?

Speaker 4 (04:34):
Yeah, I mean it's one of the key components that
we really think about as a protocol as a whole.
There's a number of different open source studios that help
to accelerate the adoption of various use cases. Whether those
are stable coin, the stable coin studio, whether that's Acid
tokenization or AI. Those are some of the three big
verticals we've seen a significant amount of adoption and developer interest.

(04:56):
As a foundation, our role really is to help to
ease the burden of deploying any technology, and that can
come through integration assistance, that can come through technology assistance,
and so the growth of the core team is vital
and we're really excited about all the work that has
occurred so far.

Speaker 1 (05:15):
AI is one you mentioned a couple others with stable coin,
et cetera. Which is there one that is stronger than
all of them in terms of potential growth on developers.

Speaker 4 (05:26):
So if we look in sort of the rear view
mirror and one of the studios which is called the Guardian,
the Hydera Guardian has been heavily used from the sustainability side,
and that's providing digitally measurable, verifiable data. And I think
that is one of the key areas where if there's
a trust problem that's being solved, then a Hydera is

(05:48):
an excellent tool. But also to financial markets. And so
when I think about Hydera, it is a technology that
is uniquely positioned and optimized for financial services. And really
that comes down to scalability, It comes down to the
fee structure, and it comes down to the regulatory compliance.

(06:09):
But also have a scenario where there's no front running,
right what we call in the blockchain space maximums practical
value that doesn't exist there, and that's a key point
for financial services. If you're talking about a tokenization of
a security, the ability to front run, well, that's infrastructure
that is regulatory a regulatory nightmare, and it's one that

(06:34):
one of the talking points for a dare that really
is unique. You can also think about the ability to
budget for transactions that you're talking to a fortune five
hundred c CFO. They want to know what Ultimately, the
deployment of this technology stack is going to cost them,
and so being able to budget appropriately for known transactions
is a key.

Speaker 1 (06:52):
So you're mentioning a couple of things there. One of
course is the fee architecture, and you know, I would
say to your credit that that has been the case.
But obviously you guys put out a tweet that started
or I guess is getting ready to start in January
twenty sixth. This is this is amplifying the price. Is

(07:12):
this something that has been planned in the roadmap? What
can you kind of give me an example of why
this is occurring.

Speaker 4 (07:18):
So we're still talking about a fraction of a sense,
so that it's on a per transaction basis, so it's
still quite quite affordable. It's a low predictable fee and
that people are able to budget for. But ultimately, the
decisions of how the network is operated in this capacity
comes from the Council of Governance members and so these

(07:40):
are the fortune five hundred companies that are running and
so changes like this are put forth. And I would
encourage your user base to go to Hydera dot com
and you can see the minutes related to these meetings.
You know, the governance of a decentralized network that is
run by institutions is a different sort of structure than

(08:01):
other public networks. But it's right to be able to
read the minutes, You're able to look exactly up to
you know, how different organizations approached this very question around
the fee structure.

Speaker 2 (08:12):
Was this the first time that the fee structure had
been changed?

Speaker 4 (08:17):
You know, I would have to look back. You know,
I've been with the organization over the last year and
a half, and certainly during my tenure, there has not
been a fee structure change.

Speaker 1 (08:26):
There's no been Okay, so I guess you know when
you look at all these major Fortune five hundred companies,
to your point is that they are concerned about how
these structures are built. Granted these are very low fees, Yes,
I get that, but at some point is there, you know,
the potential for this to get changed again down the road.

Speaker 4 (08:45):
Right, So any change to the network in this way
would be subject to the governing council making that determination,
and you know they could from time to time make
alterations to the protocol as a whole.

Speaker 1 (08:59):
Okay, let's talk about AI because this is an area
that is starting to explode around a lot of blockchains.
You guys also put out a tweet here spending some
time at open AI. There Sam Altman right there with
I guess the Hedera team. When you look at this image,
Sam Alman's actually in a room where you guys are
talking to So is this real? Is this something that

(09:20):
you guys were able to present to open AI and
talk about whether it's a partnership or an involvement. Give
me a little bit more context here.

Speaker 4 (09:29):
Yeah, so this is this is a real photo. It's
not been digitally altered to my to my knowledge and
an a capacity. And yes, we had a member of
the Hydera Foundation that was participating in meetings with Sam
sam Altman, And you know, the real focus here is
around you know AI. Hedera is an incredible tool for

(09:54):
AI when it comes to addressing trust problems. And the
reality is, I think that when we accelerate so much
of our of our lives through deploying AI, there is
hallucinations which we've all seen, all seen. There is a
lack of transparency around the auditibility of of how models
are producing outputs. And you know, Hadera is an excellent

(10:18):
solution for providing an audit trail. We've seen that through
projects like Equity Labs that have foreign partnerships with our
collaborations with Intel as well as in video. And you know,
the Nvidia Blackwell chip is embedding within the silicon a
means for recording the verifiable compute. And that's that's a

(10:39):
way to address a trust problem that we all encounter
with AI around how do we know what is real?
What what inputs when into models? And you know, how
do we validate that? And so you know it's a
match made in heaven there for sure.

Speaker 1 (10:54):
Okay, So I have to ask this question, is open
AI potentially one of the next council members?

Speaker 4 (11:00):
And I can't speak directly to new council members. That's
a process by which the other governing council members ultimately
vote in. But are we are very focused on seeing
the expansion of the governing councils.

Speaker 1 (11:14):
All right, Well, AI is obviously going to be a
mark an area that I think most blockchain companies are
going to start to integrate into. So hopefully that is
on the roadmap for you guys. Also on the roadmap
for you guys, of course, is the White House Crypto Report.
Though it was a footnote. I'll just bring it in.
At least Adera was mentioned here, especially around the DeFi stack,

(11:36):
So this is good I think for Hadera in general.
Any blockchain that was mentioned in this report, I think
is showing that the White House and the administration at
least know a little bit more about what's going on
in the ecosystem. Explain to me what this might mean
for you guys, and is there anything you can reveal
to us about Hadera's involvement with the administration.

Speaker 4 (11:57):
Well, I've been down in DC multiple times over the
last year, and I think the reality is that the
the tone of of the government in the response to
this industry has been dramatically different from prior administrations, and
that's that's welcomed. We're seeing the legislation that we were
hoping to have, you know, the ground rules that will

(12:20):
enable the adoption by institutions. And so this is really
what I would say this is all about. It's providing
the clarity that institutions that need in order to deploy technology.
The fact that Hidera was founded by two Americans that
were veterans from the armed forces, that does not go

(12:44):
unnoticed in in d C and so I think the
reference within this report is validation of, you know, the
the importance of HIDERA for you know, the American policy.

Speaker 2 (12:58):
For sure.

Speaker 1 (12:59):
I'm going to go back to the Council members because
there was a new one that I noticed you guys
had just put on Arrow. I don't know who this
company is. Can you give me a breakdown of what
they do?

Speaker 2 (13:09):
Who they are?

Speaker 4 (13:10):
Sure? So Arrow is a Fortune five hundred if not
Fortune one hundred or two hundred company. They are based
in the United States. They do electronics and not only
providing electronics and semiconductors, but they also have a huge
supply chain component to their business. So we're really excited
about their focus both with technology but on the supply

(13:31):
chain side and how a deer can fit within, you know,
their business stack. And so when when companies join the
Government Council, it is both an expectation to operate a
node and validate transactions, right that is part of the
physical component of what they do. They provide governance and

(13:51):
oversight in terms of the path of how a dea
is operated on an ongoing basis, But then there's also deployments,
and so the deploy events are an exciting way for
these companies like Aero to be at the table with
the developers, the core developers, at the table with other
enterprises that are looking at how they utilize HDERA for

(14:16):
various use cases. And so you know, Arrow is a
market leader and we're really excited that they have come
onto the council.

Speaker 1 (14:25):
Speaking of semiconductors. Uh, this of course is Equity lab
involvements around Nvidia, and then there's also some others here
that potentially are connected and one of them is Palenteer.
I was looking at this is HDERA involved with these
companies right now?

Speaker 4 (14:44):
Yeah, so these are you know, the the some of
the enterprises that Equity Labs has has been engaging with.
They include Service Now which also council and so the
the way that you know, the Headera Foundation works is
to really support entrepreneurs, sport businesses, and so you know,

(15:05):
we're here to assist Equity Lab in any way we
possibly can as they grow their business. You know, one
of the exciting applications that was recently announced was their
involvement with Accenture and Accenture's ability to continue to grow
their business model at Equity Labs by providing a solution

(15:27):
to some of the customers of Eccentric and so I
think that there's a broad sales cycle that is only
just beginning when it comes to AI and the integrity
layer for AI.

Speaker 1 (15:40):
So you look at the financial ecosystem, there's a lot
of chains out there that are now starting to move
into ETF even treasury companies that are holding the assets,
et cetera. Wall Street's getting very active. Obviously Lloyd's Bank
was utilizing a test net for HADERA. Is this something
that we can expect a launch on or is it

(16:02):
still in testing phase? What is the model here of
going forward?

Speaker 4 (16:07):
So you know Lloyd's Bank's most recent deployment was on
main nehad Era. There was nothing proof of concept or
test about it. So Lloyd's and Aberdeen have been have
begun to deploy and continue to a collaterable mobility application
that is made possible through our checks, which is a

(16:28):
UK regulated FCA regulated exchange. And you know, their deployment
is a commercial activity they do as part of their
regular business. A large amount of FX.

Speaker 1 (16:42):
Yeah, looking at over the counter FX and interest rate
derivatives fifteen trillion daily volumes that was in twenty two.
I wonder what that is now that would be a
significant win for you guys for sure, is this if
this continues to you know, develop as an opportunity.

Speaker 4 (16:58):
You know, we touched about around the feed model and
things like that, but when it comes to collateral mobility,
you need to have legal finality, and so Hadera has
sub three second legal finality, not probabalisticality. That means that
you can transfer an asset and another party can say
I have ownership of this and then rehypothecat or take

(17:21):
other action rather than waiting for a certain number of
transactions to occur that give you probably you know, we
were really excited to see some of the progress as
it relates to the U S ETFs both from Gray
Scale as well as Canary Capital there aretpes in Europe

(17:41):
and ETPs that will be growing internationally. Twenty one shares
from Valor and so the wrapping of HBAR and putting
them into a vehicle that is more accessible to an
investor population through traditional brokers and traditional rails is one

(18:04):
of the accessibility themes that would expect to continue as
a industry as a whole. We're seeing that through Pressury Company.
We're seeing that through ATPs and ETFs for sure.

Speaker 1 (18:14):
Well, I think you know, it's really kind of a
reset right now in the financial markets with all these
new products starting to roll out in some of the
biggest financial institutions out there. So hopefully this will look
good on the resume, Fordara, I'm looking at the roadmap
right now, and there's a lot going on here. Is
there anything specific on the roadmap right now that you

(18:35):
would say, Paul, this is like the one you need
to watch. This is something that's special. Really pay attention
to this area because you've got node management, the address
book disaster recovery, the new smart contract equivalents here anything
specific in this.

Speaker 4 (18:52):
Area, So smart contract equivalence that certainly is a big
one right there. Wasn't born EVM compatible, but it is today,
And so programmers can program and solidity the language of
ethereum and can deploy applications that have already been built
on Ethereum on hitdare when they need the scalability that
hedera offers. That's what's unique about that about the hash

(19:14):
graph is that it's solved for scalability. It's solved doing
so with low energy usage and high throughput. And so
I think that's a that's a big one. We're seeing
that having impact from the financial markets. So the ARC
thirty six forty three standard that the ADA Foundation really
recently joined earlier in this summer, and so the more

(19:37):
standardization there is for tokenization of financial products, uh, you
know that, I think that will be benefit across the
overall ecosystem. And then in terms of you know, some
of the stable coin applications, those are really big and
so I'm excited to see, you know, Adera being selected
as one of the Reserve Bank of Australia's networks for

(19:57):
Project Acacia. And there are of course deployments historically from
other nation states and central banks. And so when Hidera
moves into and increasingly moves into core infrastructure, that is
very exciting because that's Hidera under the hood. At some
point will be extracting the network itself from the top

(20:22):
of mind discussion that it is today and that's where
things will just work the way you want it to work,
at high frequency, high speed, low cost, and that's when
broad adoption will really occur.

Speaker 2 (20:36):
No doubt.

Speaker 1 (20:37):
And I think this is one of the tipping points
for blockchain in general and the right kind of blockchains
that are in the right place at the right time
around a lot of these financial institutions. To your point,
right there is we're going to start seeing a lot
of activity speaking of financial institution.

Speaker 2 (20:52):
Robin Hood of course did.

Speaker 1 (20:53):
List you guys, and that was a big I think
that was a big boom for Hadera in general, just
because now people had easier access to it. Why do
you think they went with you, guys, versus say someone
like a Swee. I was looking at the list here
and a lot of tokens have already been relisted on there,
but Hadera, of course a little bit further down the
list in terms of market cap, Swee setting them there.

(21:16):
But Hadera now number sixteen. Was there any any specific
reason you feel like, hey, Robin Hood decided to go
to this route.

Speaker 4 (21:22):
I mean, I don't really have insight into the decision
making process that Robin Hood.

Speaker 2 (21:27):
Why do you think they did?

Speaker 4 (21:29):
Right? So, having sat in that seat, and I did
so at finance US where I was overlooking overseeing the
listings process. There are a number of different metrics that
in exchange will look at and the you know, it
goes from the compliance, It goes from the legal it
goes from the technology, and ultimately there is risk that

(21:49):
the exchange is taking on and introducing a new protocol
and a new asset to their customer base. There is
unique on so many different levels. That's what stood out
to me in terms of its technology, in terms of
it's history, its use, it's transaction volume. And so I
would say that the decision to list Hidera was validation

(22:11):
in what Hidera has done in terms of approaching both
enterprises and retail with real use cases in real doct.

Speaker 2 (22:21):
Yeah, yeah, for sure.

Speaker 1 (22:22):
Well, I think the key here also with Robinhood is
they have started to migrate heavily into crypto. I think
we're going to see even more listings coming in. Obviously,
Hidara being one of the top top twenty right now,
it would seem to be an easy choice for them
to kind of go in this direction. If you guys
haven't visited the Hadero website, you should just jump over there.

(22:44):
You can learn a little bit more about it and
all that good stuff. So it has been great having
you on the show today. Thank you so much for
stopping in. We appreciate it.

Speaker 4 (22:51):
Thank you.

Speaker 1 (22:52):
All right, So, you guys, if you're not part of
the Diamond Circle, make sure and get in on that.
That's our own private group that you guys can join
for absolutely free. We always leave a linked down below,
follow me on x at Paul Baron. We'll catch you
next time right here on The Paul Baron Show.