Frontier Analysis: How “Web3+AI” Shaping On-Chain Security

/InfluxAI/ – As the rapid development of the Web3 sector, its applications in finance, supply chains, healthcare, and other fields are expanding. Leading to a swift increase in on-chain assets. Currently, the total value of on-chain assets has reached $2.5 trillion. However, the issue of smart contract security is becoming increasingly prominent, with frequent security incidents. Causing substantial financial losses for users and impacting the trust and development prospects of the entire industry.

According to statistics from SlowMist Hacked, there were 223 security incidents in the Q1 & Q2 of 2024, with losses amounting to $1.43 billion. This represents a 55.43% increase compared to the same period in 2023 (185 incidents, approximately $920 million in losses). This highlighting the severity of the current on-chain security situation.

The root of on-chain security issues lies not just in smart contract vulnerabilities but fundamentally in human factors. Developers cannot anticipate all historical bugs when writing smart contracts, and hackers are constantly studying these vulnerabilities. Traditional security companies typically provide auditing services for major clients, leaving ordinary users, developers, and small-to-medium project teams without adequate security services. Users don’t know whether a new smart contract is safe, developers can’t fully grasp historically attacked code, and projects struggle to access efficient, affordable auditing services.

The limitation in learning and service at low marginal cost is precisely where AI excels. It’s not just the security field needs AI; AI also requires the security field to achieve Product-Market Fit (PMF). While the market has high expectations for AI+Web3, expecting transformative impacts like those from OpenAI and chip manufacturers, many AI+Web3 projects have failed to achieve PMF. The core issue is they do not address the needs of users, developers, and project teams, instead focusing on obvious scenarios like agents to model economic shells and ride the hype.

InfluxAI addresses market security needs by reverse-engineering product forms from foundational logic. The InfluxAI team has proposed a new on-chain security defense model, using AI technology to provide security services to over 200 million on-chain users, developers, and project teams. This article will analyze how “Web3+AI” can redefine the current on-chain security ecosystem from a technological innovation perspective.

InfluxAI’s solution is collecting historically attacked code for AI model training to develop the capability to identify vulnerabilities. By leveraging oracles and big data analysis, InfluxAI monitors and analyzes on-chain data in real-time to detect potential, unrecognized security threats promptly.

Compared to traditional security measures, AI-driven on-chain protection offers higher accuracy and faster response times, enabling pre-emptive warnings and prevention of threats. This proactive security assurance not only enhances user confidence but also robustly supports the secure development of the entire blockchain ecosystem.

InfluxAI Features: A Full-Ecosystem Security Revolution

InfluxAI offers services to users, developers, and project teams, comprehensively addressing on-chain asset security issues. Based on different security needs, they have designed the following product matrix:

Asset Guard: Alleviating User On-Chain Security Anxiety

For individual users, asset security is paramount. Veteran users have encountered numerous security issues over the years, and avoiding losses is already fortunate. However, they still cannot predict the safety of new smart contracts, leading to cautious investment and usage. Frequent security incidents in the blockchain space also make many users skeptical of on-chain projects, particularly new users, who see on-chain interaction as risky, hindering new user adoption.

To address this, InfluxAI provides an on-chain information tool that allows users to know if a smart contract is safe with one click. By capturing and analyzing various parameters (including transaction history, smart contract functionality, liquidity, ownership, and developer credentials) through oracles and feeding them into AI models, the platform can help users identify potential fraudulent projects and issue warnings about suspicious projects. With the largest security database and real-time on-chain monitoring, the platform offers unparalleled services. Users can focus on their transactions and investments without worrying about smart contract safety, alleviating on-chain security anxiety.

Through real-time monitoring of on-chain data, the platform can quickly detect abnormal transactions and suspicious activities, taking prompt action to prevent security incidents. This not only protects asset safety but also provides a transparent and secure trading environment. This real-time monitoring mechanism boosts user trust and fosters widespread blockchain technology adoption and development. In InfluxAI’s economic model, a significant portion of the rewards is allocated to users who use the product. Users can also earn token incentives through cloud computing node construction, user referrals, and community participation.

Smart Detector: Accelerating Developer Efficiency by 30%

For developers, InfluxAI offers a Software Development Kit (SDK) and linting tools to identify and fix smart contract errors during development, providing robust error detection that can even be customized to developer needs. Developers often spend considerable effort checking contract vulnerabilities; InfluxAI aims to speed up global smart contract development by 30%, ushering in a high-speed era.

It’s unrealistic for developers to manually review all historically vulnerable codes. InfluxAI’s automated programming assistance tools significantly improve development efficiency, preventing vulnerabilities from the outset. The extensive database ensures comprehensive and accurate auditing, reducing developers’ workload and facilitating quicker project launches, stimulating industry innovation and competition.

Loophole Solution: AI Automated Contract Auditing for Projects

Smart contracts, integral to blockchain technology, bring considerable security risks due to their complexity. Traditional auditing methods require substantial human effort and time, often failing to cover all potential issues.

With automated auditing tools, InfluxAI greatly enhances auditing efficiency and scope, making it affordable and accessible for small-to-medium projects without long wait times. The platform conducts thorough audits of smart contracts and blockchain code, detecting potential vulnerabilities and providing detailed repair recommendations. This not only ensures project safety but also saves developers significant time and costs. Unlike other security projects that use black-box audits, InfluxAI’s audit results are directly recorded on the blockchain, ensuring transparency and openness in the process.

User trust is crucial for the success of Web3 projects. By offering comprehensive security guarantees, InfluxAI effectively boosts user trust in blockchain projects, providing a secure trading environment and efficient service experience. This enhanced trust facilitates project promotion and development, attracting more users to the project ecosystem, significantly increasing user satisfaction and retention, and fostering a positive feedback loop.

InfluxAI: Pioneering Blockchain Security Standards

As a pioneer in blockchain security, InfluxAI plans to elevate industry security standards through innovative technology and services, empowering the entire Web3 ecosystem with AI. The platform not only offers reliable security guarantees but also promotes industry-wide safety standards through technical innovation and experience sharing, establishing higher benchmarks and gradually building a secure, transparent, and trustworthy on-chain security ecosystem, creating a new paradigm in on-chain security.

As Web3 technology becomes more widespread, with traditional giants like BlackRock and JD.com entering the digital currency space, the demand for on-chain security will continue to rise. Over the next few years, the number of developers and users is expected to grow exponentially. InfluxAI, as the only security service covering all roles in the blockchain ecosystem, is poised to have a significant stage to showcase its capabilities.

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