Some might argue that generative AI has overshadowed blockchain, while others might maintain the opposite. But the truth is, both these technologies boast intriguing use cases, and what we are witnessing now is a convergence of the two.
XinFin, the creator of XDC Network, an enterprise-grade, open-source blockchain protocol aimed at transforming global trade and finance, has introduced CodeRun.ai, a coding tool tailored for use with the XDC Network.
“CodeRun.ai is optimised for accuracy in blockchain-related applications. Therefore, anyone looking to develop on the blockchain can simply issue a command and receive a complete code base instantly,” Ritesh Kakkad, a co-founder of XDC Network, told AIM.
It is specifically optimised for the XinFin XDC blockchain network and seamlessly integrated into the broader XDC ecosystem, aiming to foster developer adoption and broaden its range of applications.
The network is tailored for enterprise applications, including supply chain management, trade finance, and other business-critical processes. It aims to enhance operational efficiency and reduce costs for enterprises.
CodeRun is Powered by OpenAI
Atul Khekade, another co-founder of XDC Network, explained to AIM that CodeRun.ai draws inspiration from GitHub Copilot, the world’s most widely used AI tool for developers. However, fundamentally, both serve distinct purposes.
“I was, in fact, among the first 20 users of GitHub Copilot. It is more of a code-generation tool, and fundamentally, we have architected CodeRun.ai differently,” he said.
While GitHub Copilot helps in writing codes, CodeRun.ai is designed to help build applications on blockchain.
It utilises OpenAI‘s APIs within what the startup calls an ‘AI aggregator’, which is also powered by a proprietary XDC Network model.
“This setup allows us to leverage databases such as ChromaDB and Pinecone in a local environment tailored to our specific needs and use cases. The aggregator then integrates broader intelligence from OpenAI, refining XDC Network’s enterprise data to meet precise requirements,” Khekade said.
Explaining further, he said when an enterprise runs CodeRun.ai in their local environments, be it a bank or a large aviation player, they benefit from enhanced privacy protection.
“Your specific data and configurations are securely handled, with generative data staying on your own servers, never exposed externally.
For example, in the airline industry, CodeRun.ai can optimise flight scheduling or pricing algorithms.
“It might suggest adjustments that allow you to charge customers 10% less while still increasing profitability. This level of precision and customisation is unmatched by other tools,” Khekade added.
The model has been fine-tuned with XDC Network’s 103-gigabyte proprietary data. Moreover, the startup also plans to release its proprietary model soon.
Enabling Applications Building on Blockchain
XDC Network, which was founded in 2017, supports the creation and execution of smart contracts and decentralised applications (dApps), enabling automated and transparent business processes.
The network is tailored for enterprise applications, including supply chain management, trade finance, and other business-critical processes.
Kakkad said XDC Network foresees a trend where hundreds and thousands of applications are going to be built on a blockchain. CodeRun.ai enables not just blockchain developers or enterprises but someone with very limited knowledge about these technologies to build applications.
The startup also intends to onboard over 10,000 active developers within the first year. For this, it’s already in talks with incubators, most notably T-Hub, which is based in Hyderabad and has the largest incubator facility in the world.
“We started with almost a hundred users and these are all developers who are building on XDC Network. So, this was our testing period and since the launch, the demand has skyrocketed. Now we are going for an incubator strategy,” Khekade said.
XDC Network recently signed a deal with Plug & Play, which is a global innovation platform and one of the world’s largest startup accelerators. They operate in over 50 locations worldwide, running more than 60 industry-focused accelerator programs annually.
“The target is to implement at least 1,000 projects or applications utilising the backbone of the XDC Network, addressing use cases or issues identified by enterprises or startups.
“This initiative is expected to significantly increase the usage of Coderun.ai, as many developers and builders will be leveraging it for their projects,” Khekade pointed out.
Besides Plug & Play, the startup is also partnering with at least five more incubators, some of which are from Hong Kong and Singapore. “They specialise in building large-scale market applications and are very successful in their portfolio,” Khekade concluded.
