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SettleMint’s AI assistant aims to help web3 developers write better smart contracts on August 3, 2023 at 2:28 am

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The way artificial intelligence can write software has already prompted many companies to introduce code-generating products, so it’s no surprise that SettleMint, a low-code blockchain programming tool for enterprises, recently added an AI assistant to its platform.

The AI assistant, which arrived about nine months after SettleMint announced its 16 million euro Series A funding round, promises to help developers create smart contracts, integrate data, and enhance quality assurance (QA) testing.

Despite a climate where digital currency prices have nosedived, the seven-year-old Belgium company is seeing steady user growth as more enterprises are recognizing the benefits of blockchain technology but lack the technical skills to bring their ideas to fruition.

In a survey done by the programmer Q&A site Stack Overflow, only 1% of the respondents reported having done extensive work in Solidity, the programming language used to write smart contracts, which are self-executing digital contracts built on blockchains, normally Ethereum.

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SettleMint didn’t create the AI assistant to replace humans, said Roderik van der Veer, co-founder and CTO at SettleMint. The AI could help draft smart contracts, but its real value is explaining what each line of code does.

“If you understand a piece of code, you know where you get it wrong,” said van der Veer. “So instead of having to look at the screen and trying to Google whatever you see, and processing all [the information on] the internet in your mind and [use] your Google skills to form a conclusion of what could be wrong, it does it for you.”

While the AI assistant can suggest modifications to avoid vulnerabilities, the code won’t be bug-free, said van der Veer. Technical audits are still necessary, especially given the complexity of blockchain systems. But having SettleMint as the first layer of screening means auditors can spend more time on the “non-trivial” parts of the code to debug, the founder suggested.

SettleMint is training the AI assistant mostly on OpenAI’s GPT-4 and supplying it with up-to-date information on blockchain development, which is transforming rapidly with frequent technical upgrades.

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Product screenshot of SettleMint’s new AI assistant. Image: SettleMint

The “crypto winter” hasn’t had an adverse impact on SettleMint, which has been “growing quite a bit” in lead generation and signed contracts with sales multiplying 3-4x this year, according to van der Veer. Changing customer behavior also reflects a maturing of the enterprise blockchain space, as its users went from mostly “small teams within companies doing a specific project” to much larger groups undergoing “huge internal training.”

Companies are also using smart contracts for different purposes in crypto’s market downturn. NFT use cases, observed van der Veer, are moving away from collectibles towards practical use cases such as ticketing and guarantees as proof of ownership.

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With offices in Leuven, Dubai, New Delhi, Singapore and Tokyo, SettleMint is pushing steadily into Asia with funding from the Japanese electronics giant Fujitsu, while it sees “a lot of growth” in the Middle East.

​ The way artificial intelligence can write software has already prompted many companies to introduce code-generating products, so it’s no surprise that SettleMint, a low-code blockchain programming tool for enterprises, recently added an AI assistant to its platform. The AI assistant, which arrived about nine months after SettleMint announced its 16 million euro Series A funding 

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Politics

Netanyahu’s UN Speech Triggers Diplomatic Walkouts and Mass Protests

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What Happened at the United Nations

On Friday, Israeli Prime Minister Benjamin Netanyahu addressed the United Nations General Assembly in New York City, defending Israel’s ongoing military operations in Gaza. As he spoke, more than 100 delegates from over 50 countries stood up and left the chamber—a rare and significant diplomatic walkout. Outside the UN, thousands of protesters gathered to voice opposition to Netanyahu’s policies and call for accountability, including some who labeled him a war criminal. The protest included activists from Palestinian and Jewish groups, along with international allies.

Why Did Delegates and Protesters Walk Out?

The walkouts and protests were a response to Israel’s continued offensive in Gaza, which has resulted in widespread destruction and a significant humanitarian crisis. Many countries and individuals have accused Israel of excessive use of force, and some international prosecutors have suggested Netanyahu should face investigation by the International Criminal Court for war crimes, including claims that starvation was used as a weapon against civilians. At the same time, a record number of nations—over 150—recently recognized the State of Palestine, leaving the United States as the only permanent UN Security Council member not to join them.

International Reaction and Significance

The diplomatic walkouts and street protests demonstrate increasing global concern over the situation in Gaza and growing support for Palestinian statehood. Several world leaders, including Colombia’s President Gustavo Petro, showed visible solidarity with protesters. Petro called for international intervention and, controversially, for US troops not to follow orders he viewed as supporting ongoing conflict. The US later revoked Petro’s visa over his role in the protests, which he argued was evidence of a declining respect for international law.

BILATERAL MEETING WITH THE PRIME MINISTER OF ISRAEL Photo credit: Matty STERN/U.S. Embassy Jerusalem

Why Is This News Important?

The Gaza conflict is one of the world’s most contentious and closely-watched issues. It has drawn strong feelings and differing opinions from governments, activists, and ordinary people worldwide. The United Nations, as an international organization focused on peace and human rights, is a key arena for these debates. The events surrounding Netanyahu’s speech show that many nations and voices are urging new action—from recognition of Palestinian rights to calls for sanctions against Israel—while discussion and disagreement over the best path forward continue.

This episode at the UN highlights how international diplomacy, public protests, and official policy are all intersecting in real time as the search for solutions to the Israeli-Palestinian conflict remains urgent and unresolved.

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Is a Nuclear-Powered Alien Spacecraft Flying Toward Earth?

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A mysterious interstellar object speeding through our solar system has reignited debates about extraterrestrial technology — and whether Earth might currently be under quiet observation.

The object, known as 3I/ATLAS, is only the third confirmed interstellar visitor ever detected. Unlike ordinary comets, however, this cosmic traveler has baffled astronomers with its unusual brightness, strange trajectory, and lack of a visible cometary tail. While most scientists cautiously describe it as a natural body, one leading astrophysicist believes something much stranger is at play.

Harvard Scientist’s Bold Claim

Professor Avi Loeb of Harvard University, head of the Galileo Project, has suggested that 3I/ATLAS may in fact be a nuclear-powered alien spacecraft designed to test how humanity would respond to an interstellar visitor. He argues that its flight path is improbably precise, bringing it close to Mars, Venus, and Earth — a pattern highly unlikely to occur by chance.

Loeb also points out that telescope images show a glow inconsistent with ordinary dust behavior. Instead of trailing behind like a comet, the halo-like light appears to extend in unusual ways, sparking debate about whether the object could be emitting energy of its own.

Headed Toward Earth’s Neighborhood

3I/ATLAS is expected to make its closest approach in late 2025, passing near Mars before swinging by the inner solar system. Although Earth itself will be on the opposite side of the Sun when it comes closest, the alignment will still enable space-based observatories to capture sharper data.

Loeb has called on NASA and other agencies to use spacecraft already stationed near Mars or Jupiter — including the Juno mission — to take high-resolution photographs. He believes such efforts could reveal whether the interstellar object is truly natural, or the first technological probe humanity has ever encountered.

Should We Be Worried?

While most astronomers argue caution before jumping to alien conclusions, Loeb insists that scientific openness is key. “If it’s just a comet, we learn something new,” he said. “But if it’s a spacecraft, it would be the most important discovery in human history.”

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For now, 3I/ATLAS remains a mysterious speck on astronomers’ charts, drifting closer with each passing day. Whether it proves to be a frozen remnant of another star system or something far more advanced, the interstellar visitor has already succeeded in one mission: reminding us how vast and unpredictable the universe really is.

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AI Automation Could Cause Up to 20% Unemployment—A Workforce on the Brink

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Stark Warning from Anthropic CEO Highlights Rapid Job Displacement Risk

The looming threat of widespread unemployment due to AI automation has sparked intense debate among experts, business leaders, and policymakers. Dario Amodei, CEO of Anthropic—the company behind the influential AI language model Claude—issued a stark warning that has sent shockwaves through corporate America:

“Up to half of all entry-level white collar jobs could disappear within the next one to five years, potentially pushing unemployment rates as high as 20% during this period.”

This dramatic forecast paints a picture of a rapid and unsettling transformation in the workforce, driven by AI technologies that can perform complex cognitive tasks.

Balancing Predictions: Worst-Case Scenarios vs. Moderate Impact

However, this forecast represents one end of a spectrum of expert predictions. While Amodei’s warning highlights the worst-case scenario driven by the swift adoption of AI agents capable of coding, analyzing data, drafting legal documents, and managing workflows around the clock, other analyses suggest a more moderate impact. For example, Goldman Sachs estimates that AI could temporarily displace about 6-7% of U.S. jobs, with unemployment rising by approximately half a percentage point during the adjustment period. Their research anticipates a more gradual transition with a mixture of job disruption and creation.

The Unprecedented Speed and Scope of AI-Driven Job Disruption

The truth likely lies somewhere in between. AI is advancing at unprecedented speed, and the scope of jobs affected spans far beyond blue-collar roles to white-collar positions that required college degrees and years of training. Entry-level roles such as customer service representatives, data entry clerks, junior analysts, and administrative assistants face the greatest near-term risk. Mid-level roles in accounting, marketing, law, and engineering could soon follow, with companies already laying off workers citing AI-driven efficiencies.

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Preparing for an AI-Transformed Workforce: Adaptation Is Essential

Ultimately, the AI-driven job transformation is no longer a distant prospect but unfolding now. Whether unemployment spikes to 20% or stabilizes at lower levels depends on many factors, including business adoption rates, government policies, and the ability of workers to reskill. What is certain is that the workforce of tomorrow will look very different from today—and the time to prepare is right now.

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