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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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1 year agoon
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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.
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.
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.
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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Humans Need Not Apply: The AI Candidate Promising to Disrupt Democracy
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Published
3 months agoon
June 15, 2024![](https://bolanlemedia.com/wp-content/uploads/2024/06/Screenshot-2024-06-15-at-6.46.14 PM.png)
The rise of AI Steve, the artificial intelligence candidate running for a seat in the UK Parliament, has sparked a heated debate about the role of AI in governance and the potential disruption it could bring to traditional democratic processes.
Steven Endacott, the human force behind AI Steve, envisions his AI co-pilot as a conduit for direct democracy, enabling constituents to engage with the AI, share concerns, and shape its policy platform through a voting system of “validators.” Endacott has pledged to vote in Parliament according to the AI’s constituent-driven platform, even if it conflicts with his personal views.
Proponents argue that AI Steve can revolutionize politics by bringing more voices into the process and ensuring that policies truly reflect the will of the people. They claim that an AI candidate can engage in up to 10,000 conversations simultaneously, allowing for unprecedented levels of public participation and input.
However, critics raise valid concerns about transparency, accountability, and the potential for AI systems to be manipulated or influenced by their creators, data limitations, or external actors. There are also questions about whether an AI can fully grasp the nuances and human elements involved in complex political issues.
Some argue that AI Steve is merely a clever marketing ploy to garner attention and votes, rather than a genuine effort to “humanize” politics. There are fears that the use of AI in elections could undermine faith in electoral outcomes and democratic processes if voters become aware of potential scams or manipulation.
Beyond the specific case of AI Steve, the rise of AI candidates and the increasing use of AI in political campaigns and elections raise broader questions about the integrity of democratic systems and the need for effective regulations and guidelines.
Anti-democratic actors and authoritarian regimes may seek to exploit AI technologies for censorship, surveillance, and suppressing dissent under the guise of enhancing governance. There are also concerns about the potential for an “AI arms race” between political parties to develop and deploy the most sophisticated AI technologies, further eroding public trust.
As AI tools become more advanced and accessible, upholding electoral integrity will require proactive efforts to establish guardrails, transparency measures, and accountability frameworks around their use in politics. Policymakers, advocates, and citizens must work together to ensure that AI is leveraged as a force for a better and more inclusive democracy, rather than a tool for manipulation or consolidation of power.
The rise of AI candidates like AI Steve serves as a wake-up call for democratic societies to grapple with the implications of artificial intelligence in governance and to strike the right balance between harnessing its potential benefits and mitigating its risks to the democratic process.
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Author: Bolanle Media Staff
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Saudi Arabia is reportedly considering abandoning the US dollar for oil trade settlements, a move that could shake the foundations of the global financial system. For decades, the petrodollar system has propped up the dollar’s status as the world’s reserve currency, with Saudi Arabia insisting on dollar payments for its vast oil exports.
However, recent comments from Saudi officials hint at exploring alternatives to the dollar amid growing tensions with the US over various geopolitical issues and the rise of economic powerhouses like China.
Implications of a Petrodollar Shift
If Saudi Arabia abandons the petrodollar, the implications could be significant:
1. Dollar Dominance Eroded: The dollar’s reserve currency status could weaken, potentially leading to a decline in its value.
2. Global Financial Instability: A sudden shift could trigger volatility in global markets as investors adjust portfolios.
3. Geopolitical Realignment: The move could signal Saudi alignment with China and challenge US economic hegemony.
Challenges and Uncertainties
While the prospect is significant, challenges remain:
1. Finding a suitable alternative currency with the dollar’s liquidity and stability.
2. Potential economic disruption for Saudi Arabia and trading partners.
3. Political backlash and strained relations with the US and allies.
As the world watches, it remains uncertain whether Saudi Arabia’s comments signal a negotiating tactic or a profound shift in the global financial order.
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Author: Bolanle Media Staff
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X, the social media platform formerly known as Twitter, has made a significant policy shift by officially permitting adult content on its platform with some restrictions and guidelines.
In an update to its rules, X stated that users can now share “consensually produced and distributed adult nudity or sexual behavior” as long as it is properly labeled and not prominently displayed in areas like profile pictures or header images.
“We recognize that many of our users are adults who want to freely express themselves by sharing legal adult content,” said an X spokesperson. “At the same time, we have a responsibility to protect minors and prevent exposure to explicit material without proper labeling.”
Under the new guidelines, users who “regularly post” adult content must adjust their settings to automatically mark images and videos as sensitive content, which blurs or hides the media by default. By default, users under 18 or who haven’t entered their birth date cannot view this sensitive adult content.
The policy prohibits content “promoting exploitation, nonconsent, objectification, sexualization or harm to minors, and obscene behaviors.” It applies to all adult content, whether photographic, animated, or AI-generated.
X has stated that it will monitor user-generated content and adjust account settings for those who fail to properly mark pornographic posts. Similar rules and enforcement will apply to violent content as well.
The move aligns X with Apple’s app store guidelines, which allow apps with adult content as long as it is hidden by default and behind proper age gates and content warnings.
While adult content was already present on X, this policy update officially permits and regulates it, aiming to balance freedom of expression for consenting adults with protecting minors from exposure to explicit material.
However, enforcing these rules consistently may prove challenging for X’s reduced content moderation teams following recent layoffs and cost-cutting measures.
The policy shift has drawn mixed reactions, with some praising X for embracing adult expression while others raise concerns about the potential for the platform to become inundated with pornographic content despite the restrictions.
As X navigates this new territory, the effectiveness of its labeling requirements, age verification measures, and content moderation efforts will be closely watched by users, regulators, and advocacy groups alike.
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Author: Bolanle Media Staff
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