A layer 1 blockchain, Aptos Labs, whose inception was initiated by ex-Facebook employees to resurrect the discontinued Diem project, has proclaimed its intentions to broaden its utilities by utilizing Microsoft’s Artificial Intelligence. Aptos aims to incorporate AI and blockchain to launch novel features, one of them being a savvy chatbot called Aptos Assistant. This self-help tool, powered by Microsoft’s Azure OpenAI Service, will respond to queries concerning the Aptos system and offer valuable resources to developers for building smart contracts and decentralized applications.
According to Mo Shaikh, Aptos Labs’ CEO, both AI and blockchain are significant breakthroughs impacting the future course of the internet. The incorporation of Aptos Labs’ native programming language, Move, into Github’s AI programming tool Copilot endorses this statement intending to assist contract development and unit testing. In Simpler words, the fusion of Aptos Labs’ technology with Microsoft’s AI capabilities clears a path to democratize blockchain usage in the evolving Web3 world.
An agreement between the two companies to investigate blockchain-based financial solutions, including asset tokenization, payment methods, and CBDC has been reached as a measure to widen the blockchain use cases. The discussions also include Aptos running validator nodes on Microsoft Azure to boost its network security. Aptos Labs made it clear that the working relationship with Microsoft has been collaborative from the onset.
Many blockchains have quickly adopted AI following the success of tools like ChatGPT. Venture capitalists are paying attention to AI and directing their focus towards what was earlier primarily crypto startups. Hence, the integration of AI has become necessary for attracting funding as well as tech talent.
Even though Aptos Labs ranks lower in total locked value compared to Solana, it’s way ahead of its competition Sui.
The initiative is promising, yet it raises concerns like the level of control Microsoft can exercise, particularly if Aptos Labs significantly increases its level of adoption. The security risks, as well as the possibilities, are high when introducing AI into blockchain. It’s not entirely clear how this collaboration factors scalability and decentralization. There’s a chance that bringing AI into this realm might make the picture even more complicated.
Source: Coindesk
