Master Negotiations with The Negotiator: A Game-changer for Success

28

September

2024

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Recently, I have found out that ChatGPT has many plugins and models that are separated from the typical chat bot. It has features that can help you with productivity, such as Canva AI, or “coding” assistants, like Khan Academy tool, but the one that caught my eye is The Negotiator.

Negotiation is an important ability in many areas of life, it helps you from getting a better salary to business deals and even day-to-day disagreements. It can be not easy to navigate through these situations confidently and effectively. The ChatGPT team has built The Negotiator, a specific AI-powered tool, to upgrade your negotiation skills and help individuals get the outcomes that they want.

What is The Negotiator?

As mentioned, The Negotiator is a tool designed to help you build your negotiation skills through realistic scenarios by helping you develop strategies and personalized feedback on your arguments. The main objective of the tool is to enable users to prepare themselves for possible situations and practice negotiations. It is achieved through natural language understanding combined with AI-driven insights that will deliver pragmatic advice based on the situation and help you refine your approach.

How The Negotiator Differs from Chatting with ChatGPT?

The Negotiator differs from ChatGPT in its purpose and function. While ChatGPT is designed to respond to individual prompts, whether it is answering questions, generating text, or assisting with specific tasks, The Negotiator operates in a much more interactive and complex way. Traditional ChatGPT provides useful but often static responses based on user input. It does not weigh the needs or perspectives of multiple parties the way The Negotiator does. ChatGPT caters more to the development of negotiation skills by offering strategic and pinpointed guidance without really engaging in general casual conversations. While ChatGPT can inform you about something, The Negotiator feels more like a real negotiation.

How Can The Negotiator Help You Improve?

The Negotiator won’t just teach you tactics; it can change the way you approach negotiations. It lets you practice in a simulated negotiation. This tool can offer you:

  • Better Preparation: Preparation is key in any negotiation. The Negotiator helps you define your goals and strategy in advance, so you go into the conversation prepared.
  • More Confidence: Simulating realistic scenarios reduces anxiety. You are much more confident and in control once you have gone through the various responses and strategies that may pop up during negotiations.
  • Better Flexibility: The conditions of a negotiation can seriously be flipped at any time. The Negotiator trains your mind to think on your feet as you enter a discussion, allowing you to shift and pivot in strategy any moment the need arises.

The Negotiator by ChatGPT is an interesting tool that can help with improving their negotiation skills. AI-powered insight, scenario-based training, and personalized feedback will guide you through mastering the art of negotiation to better outcomes.

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NFTs 2.0: Soulbound Tokens: Digital Identity on Blockchains?

18

September

2024

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In May 2022, a white paper was written by Vitalik Buterin (founder of Ethereum), Eric Glen Weyl, and Puja Ohlhaver that introduced the concept of Soulbound Tokens (SBTs). This concept was made to transform digital identity management in Web3, moving blockchain applications from being focused on finance to extending their activities to personal and organizational credentialing (nftnow, 2024).

What are SBTs?

While they do have some semblance to the traditional NFTs (Non-fungible tokens), there are some key differences. SBTs are permanent and non-transferable, meaning they are designed more to represent ways of identification of an individual on the blockchain. The concept and the term „Soulbound“ originated from a popular MMORPG game, World of Warcraft, where some items could not be traded or sold and were bound to one account.

Why are SBTs revolutionary?

Soulbound Tokens are revolutionizing the way digital identity operates by offering a tamper-proof, secure, and decentralized system of verifying key aspects of an individual’s life. Management of traditional identities rely on centralized authorities that are easier to hack into, but these tokens allow individuals to control their personal data without relying on intermediaries.

SBTs reduce the risk of being impersonated by showcasing your credentials, achievements, and records that are linked to individual blockchain wallets and represent records and credentials that are not transferable or sellable.  These tokens can take the form of various aspects of life, such as Legal, Medical Records, Achievements, etc.  For example, instead of receiving paper diplomas from universities, a SBT could be issued.

Source: https://nftnow.com/guides/soulbound-tokens-sbts-meet-the-tokens-that-may-change-your-life/

Real-world examples

In 2023, the High Court of Singapore authorized the use of SBTs to pose as a freezing order on cryptocurrency wallets that were involved in fraudulent activities. Attaching SBT to wallets that were involved in illegal activities is a permanent marker that warns other parties and exchanges of their previous records (CoinMetro, 2024; Penningtons Law, 2024). This illustrates how they can be used to reduce fraud, establishing a new precedent for legal enforcement in blockchain.

Another example is Binance, which introduced Binance Account Bound (BAB) tokens. It is a type of SBT that is given to verified users who have passed Know Your Customer (KYC) procedures. The token serves as a non-transferable credential that ensures that only verified people can access some decentralized finance (DeFi) services (Pontem Network, 2024).

Privacy Concerns and Challenges

Despite their revolutionary potential, SBTs raise some serious questions about possible privacy issues. Since blockchain records are permanently engraved into the blockchain and accessible by everyone, there is a risk that sensitive information could be exposed to unwanted parties. The nature of SBT is so immutable, which means individuals cannot remove nor alter them once issued, potentially violating laws like GDPR. There is also a risk of potential de-anonymization on the blockchain, as linking to real-world identities is possible (Coinmetro, 2024).

My opinion

The rise of SBTs represents a significant shift in potential uses of blockchain technology By introducing secure and verifiable digital identities, SBTs could potentially streamline processes in various industries. However, the permanent nature of SBTs and privacy concerns must be addressed and somehow regulated first before widespread adoption occurs. If these obstacles are overcome, SBTs could become a cornerstone to mainstream blockchain adoption.

References:

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