SettleMint’s AI assistant aims to help web3 developers write better smart contracts

Image credit: Settle mint

This is not surprising as the way artificial intelligence can create software has already prompted many companies to adopt code generation products. Settle mintis a low-code blockchain programming tool for enterprises that recently added an AI assistant to its platform.

Coming nearly nine months after SettleMint announced its €16 million Series A funding round, the AI ​​assistant helps developers create smart contracts, integrate data and enhance quality assurance (QA) testing. We promise to help you do it.

Despite the plummeting prices of digital currencies, more and more companies lack the technical skills to realize their ideas while recognizing the benefits of blockchain technology. The company is showing a steady increase in users.

and A survey done by the programmers Q&A site Stack Overflowonly 1% of respondents reported having done extensive work with Solidity, the programming language used to create smart contracts, self-executing digital contracts built on top of the blockchain (usually Ethereum). bottom.

SettleMint says it didn’t develop an AI assistant to replace humans Roderick van der Wiel, Co-Founder and CTO of SettleMint. AI can be smart at drafting his contracts, but its true value is in explaining what each line of code does.

“If you understand some of the code, you know where you went wrong,” van der Wiel says. “In other words, instead of looking at your screen and Googleing everything you see and processing everything, [the information on] internet in my head [use] With your Google skills, you can conclude what’s wrong. ”

AI assistants can suggest fixes to avoid vulnerabilities, but the code isn’t bug-free, van der Wier said. Technical audits are still necessary, especially given the complexity of blockchain systems. However, the founder suggested that using SettleMint as the first layer of screening means auditors can spend more time debugging “critical” parts of the code.

SettleMint trains AI assistants based primarily on OpenAI’s GPT-4 to keep up to date on rapidly changing blockchain developments with frequent technology upgrades.

Product screenshot of SettleMint’s new AI assistant. image: Settle mint

According to van der Wiel, the “crypto winter” hasn’t had a negative impact on SettleMint, which is “growing quite a bit” in prospecting and has signed contracts that will triple or quadruple its sales this year. said to have tied The shift in customer behavior also reflects the maturation of the enterprise blockchain space, with its users moving from primarily “small teams within companies doing specific projects” to “large in-house training”. You are migrating to a large group.

Businesses are also using smart contracts for a variety of purposes in the downturn of the cryptocurrency market. Van der Wiel observes that NFT use cases are moving from collectibles to practical use cases such as ticketing and warranties as proof of ownership.

With offices in Leuven, Dubai, New Delhi, Singapore and Tokyo, Settlemint is making steady progress in Asia with funding from Japanese electronics giant Fujitsu, while the Middle East is expected to see “great growth”. ing.