DeFi Daily News
Thursday, July 31, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi Web 3

rewrite this title How Developers Are Solving AI’s Financial Limitations with Blockchain – Decrypt

Jason Nelson by Jason Nelson
March 4, 2025
in Web 3
0 0
0
rewrite this title How Developers Are Solving AI’s Financial Limitations with Blockchain – Decrypt
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

As artificial intelligence continues to evolve, its integration with blockchain technology and robotics could open new possibilities for automation and finance.

One of the limitations of AI, and by extension robots, is their inability to manage transactions autonomously. To address this, developers are now integrating AI with blockchain infrastructure, allowing AI agents to transact securely, manage digital assets, and execute smart contracts.

At ETH Denver 2025, Decrypt spoke with industry experts from the Coinbase Developer Platform, AI and robotics developers OpenMind and Robonomics to explore how AI-powered humanoid robots and other systems leverage blockchain to function as independent economic agents.

“Out of the box, AI does not interact with the blockchain at all,” Lead Developer at Coinbase Developer Platform Nemil Dalal told Decrypt. “If you want it to have a wallet, send money, or transfer funds to different places, it can’t do that. It also can’t sign up for a bank account on its own. This is a major limitation because AI, in many cases, needs the ability to transact.”

Recognizing this gap, the Coinbase Developer Platform developed a framework called Agent Kit, which the company launched in November, Dalal said. Agent Kit allows AI to be given a wallet, enabling it to perform any on-chain action that a human can.

Calling it one of the earliest use cases for AI agents, Dalal noted the potential of AI to handle tasks such as monitoring the internet and conducting business on behalf of users.

“So far, over 2,000 developers have built on top of Agent Kit, contributing to over $100 million in value,” he said. “One of the most popular use cases is tracking something on-chain and executing an action in response—essentially an ‘if this, then do that’ automation.”

As AI’s influence grows across multiple industries, blockchain developers are increasingly exploring its potential for crypto traders and investors. Still, Dalal acknowledged AI hallucinations remain a problem in the industry.

“It may take actions or provide information that is not true,” he said. “When real money is involved, this issue becomes even more problematic.”

Dalal said mechanisms that give users greater control and oversight are needed to ensure AI can safely handle financial transactions without risking unintended actions.

“For instance, if a transaction is below a certain dollar amount, the AI can proceed automatically. If it exceeds that threshold, approval by the user might be required,” he said. “Similarly, if the AI is paying a new party for the first time, it may need to whitelist them, whereas subsequent transactions would not require additional approval.”

Despite these concerns, Jan Liphardt, founder of open-source AI and robotics startup OpenMind, said AI and robotics provide a unique and compelling use case for crypto.

“Blockchains were built for machines, and they’re a critical part of the infrastructure that’s needed for machines to work well with people,” Liphardt told Decrypt.

A professor of bioengineering at Stanford University, Liphardt highlighted the challenges AI-driven humanoid robots face in human-centric environments, such as banks and airlines, which remain unprepared to accommodate them.

“We’re seeing incredible amounts of friction as thinking machines try to navigate the human world, and a big part of that is a lack of identity,” he said. To mitigate this friction, OpenMind designed Iris to use multiple cryptocurrency wallets to facilitate transactions.

“She has two wallets,” Liphardt said. “One is a straight Ethereum wallet, and the other is a Coinbase wallet,” he said, adding that Iris holds the private keys to the wallets, checking the balances every six seconds.

Balancing innovation with safety

As robots become part of human systems, questions emerge about their identity, how they earn and manage money, how they interact with people, Liphardt said.

What rules govern them and how those rules can be changed are also front of mind, with Liphardt adding decentralized ledgers are well-suited to address challenges as they already support many of those use cases.

In addition to managing interaction with the real world, developers have turned to blockchain technology to enforce transparent and immutable governance rules to address concerns about humanoid robots.

“That’s why we write governance and behavior rules onto Ethereum,” Liphardt explained. “When a humanoid robot boots up, it reads those rules. If someone asks, ‘Why should we trust this computer?’ you can simply point them to the governance rules—they’re immutable and publicly accessible. Essentially, we adapted Asimov’s Three Laws of Robotics and encoded them onto Ethereum.”

While this provides some safeguards, Liphardt acknowledged it’s not a complete solution.

To alleviate fear of humanoid robots, influenced by films like “The Terminator,” Liphardt noted that medical robots are smaller and more approachable than those used in warehouses or hazardous settings.

For Vitaly Bulatov, evangelist with robotics startup Robonomics, the developer of the humanoid robot Unitree G1, blockchain technology offers resources that smaller robotics developers may not have access to.

“While we can run small LLMs on the robot itself, we’ll likely need more compute to fully enable this cognitive layer,” Bulatov told Decrypt. “In our case, we are built on Polkadot, so we serve as a gateway to Polkadot itself. We use compute providers on Polkadot to gain additional computational power for this cognitive layer.”

Bulatov said that to integrate autonomous robots seamlessly into our economy, they must be independent agents capable of managing transactions and contractual relationships.

“What we do is essentially give these robots an identity, a wallet, and the ability to enter contractual obligations with people,” he said.

The system captures data—including error messages and video feeds—each time a payment is processed. According to Bulatov, this information is recorded with a decentralized storage provider on Polkadot, allowing for verification of task completion.

“This way, no matter how large the autonomous system becomes—whether it’s millions of robots or an entire smart city—we can track that, based on payment, the technical execution happens,” Bulatov said.

Edited by Sebastian Sinclair

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: AIsblockchainDecryptDevelopersfinancialLimitationsrewritesolvingtitle
ShareTweetShare
Previous Post

Trump trades were dominating post election, but now some are floundering

Next Post

BITCOIN BOUNCE: Ben Armstrong 3.0 (Exclusive Interview at ETH Denver)

Next Post
BITCOIN BOUNCE: Ben Armstrong 3.0 (Exclusive Interview at ETH Denver)

BITCOIN BOUNCE: Ben Armstrong 3.0 (Exclusive Interview at ETH Denver)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

November 15, 2024
Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

August 13, 2024
rewrite this title and make it good for SEO 7 Strategies to Maximize NFT Airdrop Rewards

rewrite this title and make it good for SEO 7 Strategies to Maximize NFT Airdrop Rewards

January 15, 2025
Spanish Police Dramatically Stop Illegal Immigrants by Cutting Their Boat in Half

Spanish Police Dramatically Stop Illegal Immigrants by Cutting Their Boat in Half

August 29, 2024
rewrite this title RTX 5050, 5060, 5060 Ti spotted in records

rewrite this title RTX 5050, 5060, 5060 Ti spotted in records

February 18, 2025
Tottenham Express Interest in Buying English Star as Club Considers Selling Him

Tottenham Express Interest in Buying English Star as Club Considers Selling Him

September 28, 2024
rewrite this title NFT Scammer Jailed for 4K Theft via Hacked X Accounts

rewrite this title NFT Scammer Jailed for $794K Theft via Hacked X Accounts

July 31, 2025
rewrite this title Ethereum Price Crash Or Rebound? Why ,000 Holds The Key

rewrite this title Ethereum Price Crash Or Rebound? Why $4,000 Holds The Key

July 31, 2025
rewrite this title ‘Good Morning Britain’ U.S. Correspondent Noel Phillips To Exit Amid Job Cuts

rewrite this title ‘Good Morning Britain’ U.S. Correspondent Noel Phillips To Exit Amid Job Cuts

July 31, 2025
rewrite this title with good SEO [LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now? – 99Bitcoins

rewrite this title with good SEO [LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now? – 99Bitcoins

July 31, 2025
rewrite this title Why AI is forcing an invisible shift in risk management

rewrite this title Why AI is forcing an invisible shift in risk management

July 31, 2025
rewrite this title “The pacers will be tired” – Irfan Pathan on India’s playing 11 changes for ENG vs IND 2025 5th Test

rewrite this title “The pacers will be tired” – Irfan Pathan on India’s playing 11 changes for ENG vs IND 2025 5th Test

July 31, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.