How will ChatGPT affect Web3 space? Industry Responses

With the many possibilities opened up by ChatGPT, leaders in the Web3 space have predicted how the artificial intelligence (AI) tool developed by OpenAI will impact the industry.

From using the bot for auditing smart contracts to improving user interactions with AI, various executives gave their thoughts on how the new AI tool will impact the software industry. Web3.

Dmitry Mishunin, CEO of smart contract auditing firm HashEx, believes that ChatGPT will influence smart contract security. Mishunin told Cointelegraph that while the future is uncertain, it can go either way. He explained that:

“AI algorithms can be so deeply embedded in a niche that they simply stop authorizing smart contracts that haven’t passed verification for deployment.”

Mishunin said an outcome like this would be good in the long run as it would drastically reduce the number of hacks, positively affecting the entire industry. However, the executive believes things also have the potential to go wrong in a dystopian, fictional way.

According to Mishunin, the AI ​​can also potentially behave differently and independently use vulnerabilities and loopholes to carry out the attacks on its own. This will allow him to learn and receive resources for further development.

On the other hand, Doug Brooks, Senior Advisor of XinFin, also believes that ChatGPT has the potential to be used in the development and testing of smart contracts. However, Brooks thinks it wouldn’t have a direct impact. He told Cointelegraph that:

“This could potentially improve the efficiency and accuracy of the development process, but it would not necessarily have a direct impact on the resulting smart contract.”

Despite this, the executive believes that the tool will have an impact on the user experience. Brooks mentioned that AI can be used to provide a more intuitive method of interaction, potentially increasing Web3 adoption.

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Meanwhile, Monica Oracova, co-founder of cybersecurity firm Naoris Protocol, also gave her take on the matter. According to Oracova, in the short term, there could be a potential spike in breaches as the AI ​​will expose vulnerabilities that need to be patched. It will “shed light on where humans need to improve”. Oracova explained that:

“The AI ​​is not a human being. It will lack preconceptions, knowledge and basic intricacies that only humans see. It is a tool that will improve vulnerabilities mistakenly coded by humans.

Despite this, Oracova believes that the AI ​​chatbot will be a “net positive” for the future of Web3. “It can be used positively in a company’s security and development workflow, increasing defense capabilities beyond current security standards,” she added.