Revolutionary AI Tool Unveiled: Boost Your Smart Contract Skills with SettleMint’s Ingenious Helper!

Boosting Blockchain Development with AI: SettleMint Introduces AI Assistant

In the ever-evolving world of technology, artificial intelligence (AI) continues to revolutionize various industries. One area where AI has made significant strides is in software development. Many companies have already embraced code-generating products that leverage AI capabilities. Following this trend, SettleMint, a low-code blockchain programming tool for enterprises, has recently introduced an AI assistant to its platform. This AI wizard aims to assist developers in building smart contracts, integrating data, and improving quality assurance testing.

The Increasing Demand for Blockchain Technology

Blockchain technology has gained tremendous popularity in recent years due to its potential to transform various industries. However, the technical complexities involved in blockchain development often pose challenges to companies that lack the necessary skills and expertise. According to a survey conducted by Stack Overflow, a popular question and answer site for programmers, only 1% of respondents reported extensive work on Solidity, the programming language used to write smart contracts.

SettleMint’s AI Assistant: The Solution to Blockchain Development Challenges

SettleMint’s AI assistant has been designed to bridge the gap and empower developers with limited knowledge of smart contract programming. While the AI wizard can suggest modifications to avoid vulnerabilities, it is important to note that the code generated will still require technical audits to ensure its integrity. The AI assistant primarily utilizes OpenAI’s GPT-4, a state-of-the-art language model, to provide developers with up-to-date information on blockchain development.

Empowering Developers with Enhanced Code Understanding

One of the key benefits of SettleMint’s AI assistant is its ability to enhance code understanding. Instead of spending considerable time searching for solutions on the internet, developers can rely on the AI assistant to provide explanations for each line of code. This not only saves time but also helps developers identify and rectify errors more efficiently. Roderick van der Veer, co-founder and CTO of SettleMint, emphasizes that the AI assistant does not aim to replace humans but rather enhance their capabilities.

SettleMint as the First Detection Layer

SettleMint’s AI assistant acts as the first layer of detection, allowing auditors to focus on the more complex aspects of blockchain code during technical audits. While the code generated by the AI is not guaranteed to be bug-free, having SettleMint as the initial detection layer reduces the workload of auditors and enables them to prioritize debugging critical sections of code. This serves as an additional safeguard in the development process.

SettleMint’s AI Assistant: Impact and Growth

Despite the recent downturn in the cryptocurrency market, SettleMint has experienced steady user growth and an increase in signed contracts. According to van der Veer, SettleMint has been “growing quite a bit” in lead generation, with sales growing three to four times this year. This growth reflects the maturing of the enterprise blockchain space, as more companies recognize the value of blockchain technology and seek to leverage it to bring their ideas to life.

Expanding Use Cases for Smart Contracts

Smart contracts, which are self-executing digital contracts built on blockchains, are being utilized for various purposes beyond digital currencies. SettleMint’s AI assistant is positioned to facilitate the development of smart contracts for different applications. For example, non-fungible tokens (NFTs) have shifted from being predominantly used for collectibles to practical applications such as ticketing and proof of ownership. This expansion of use cases showcases the versatility and potential of smart contracts in different industries.

Global Expansion and Collaboration

SettleMint’s global presence is further emphasized by its offices in Leuven, Dubai, New Delhi, Singapore, and Tokyo. The company has secured investments from notable players like Japanese electronics giant Fujitsu, which has been instrumental in advancing blockchain development in Asia. SettleMint has also experienced significant growth in the Middle East, indicating the widespread adoption of blockchain technology in the region.

Blockchain Development and the Evolving Landscape

Blockchain technology has emerged as a disruptive force, transforming numerous industries ranging from finance to supply chain management. As more companies recognize its immense potential, the demand for skilled blockchain developers has surged. However, the scarcity of these professionals has created a gap that impedes the widespread adoption of blockchain solutions.

SettleMint’s introduction of an AI assistant in its low-code blockchain programming tool holds significant implications for developers and the entire blockchain ecosystem. By leveraging AI capabilities, SettleMint empowers developers with limited blockchain programming knowledge, enabling them to participate in the development of impactful smart contracts and blockchain-based applications.

The AI assistant serves as a knowledge repository, continuously updated with the latest developments and best practices in blockchain development. By assisting developers in understanding and writing smart contracts, the AI assistant streamlines the development process, reducing the reliance on extensive programming knowledge.

Furthermore, the AI assistant’s ability to explain each line of code not only enhances developers’ understanding but also serves as a valuable educational resource. Developers can learn from the AI assistant’s explanations, thereby bridging the knowledge gap and fostering the growth of a more competent blockchain development community.

While AI will undoubtedly play a crucial role in enhancing blockchain development, it is important to remember that human expertise remains essential. As Roderick van der Veer emphasizes, the AI assistant is not intended to replace developers but rather augment their skills and understanding. The collaboration between AI and human developers will enable more efficient, secure, and innovative blockchain solutions to be created.

Summary

SettleMint, a low-code blockchain programming tool, has introduced an AI assistant to enhance the development of smart contracts and blockchain-based applications. The AI assistant empowers developers by providing explanations for each line of code and streamlining the development process. While AI plays a significant role in enhancing blockchain development, it does not replace the expertise of human developers. SettleMint’s AI assistant acts as the first layer of detection, allowing auditors to focus on critical aspects of code during technical audits. Despite the recent downturn in the cryptocurrency market, SettleMint has experienced significant growth and increased demand for its services. The expansion of smart contract use cases, such as non-fungible tokens, demonstrates the versatility and potential of blockchain technology in various industries. SettleMint’s global presence and partnerships, particularly with Fujitsu, highlight the company’s commitment to advancing blockchain development worldwide.

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

The AI ​​wizard, which arrived about nine months after SettleMint announced its Round of financing Series A of 16 million eurospromises to help developers build smart contracts, integrate data, and improve quality assurance (QA) testing.

Despite a climate where digital currency prices have plummeted, the seven-year-old Belgian company is seeing steady user growth as more companies recognize the benefits of blockchain technology but lack the technical skills. to bring your ideas to life.

in a survey carried out by the question and answer site of the programmer Stack Overflow in Spanishonly 1% of those surveyed reported doing extensive work on Solidity, the programming language used to write smart contracts, which are self-executing digital contracts built on blockchains, typically Ethereum.

SettleMint did not create the AI ​​assistant to replace humans, it said Roderick van der Veer, co-founder and CTO of SettleMint. AI could help write smart contracts, but its real value is in explaining what each line of code does.

“If you understand a piece of code, you know where you went wrong,” van der Veer said. “So instead of having to look at the screen and try to Google what you see, and process everything [the information on] Internet in your mind and [use] your googling skills to come to a conclusion of what might be wrong does it for you.”

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

SettleMint is training the AI ​​wizard primarily on OpenAI’s GPT-4 and providing you with up-to-date information on blockchain development, which is rapidly transforming with frequent technical updates.

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

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

With offices in Leuven, Dubai, New Delhi, Singapore and Tokyo, SettleMint is constantly advancing Asia with money from Japanese electronics giant Fujitsu, while seeing “a lot of growth” in the Middle East.