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ChatGPT-4 Can’t Handle Complex Smart Contracts, Says Blockchain Security Firm

Blockchain security firm reveals that OpenAI new AI model ChatGPT-4 can't handle complex smart contract codes.
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ChatGPT-4 Can’t Handle Complex Smart Contracts, Says Blockchain Security Firm

OpenAI has launched the more advanced AI model ChatGPT-4, with market experts testing its capabilities as it takes over discussions on social media platforms. The crypto industry is also testing the capabilities of the new ChatGPT-4 for testing and auditing smart contact codes.

Blockchain security firm SlowMist founder Yu Xian in a tweet on March 15 revealed that the team tested the capabilities of the new ChatGPT-4 for simple Tugou’s smart contract codes. While the artificial intelligence (AI) model gave correct security recommendations for smart contact codes, ChatGPT-4 can’t handle complex smart contract codes.

“We simply tested it. I believe that GPT-4 can give correct security recommendations with a high probability. However, complex smart contract codes, especially those with human sophistry, and the kind of loopholes that require other scenarios (or larger contexts), GPT-4 can’t handle it, but it can be used as an audit aid (if used well).”

Blockchain security firms found that ChatGPT-4 is not effective to detect errors and loopholes in complex smart contract codes. Moreover, the AI model can be deceiving in some scenarios that require changes to smart contracts on a blockchain.

However, SlowMist founder agrees that GPT-4 can be used as an audit tool to check flaws. He claims that security audit companies can not only make use of GPT models in the future, but also audit if AI such as ChatGPT-4 is misusing information against humans.

ChatGPT 3.5 vs ChatGPT 4 Performance
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Coinbase Tested ChatGPT-4 on Ethereum Smart Contract

Coinbase director Conor Grogan on Tuesday said the team tested OpenAI’s ChatGPT-4 to identify security vulnerabilities in a live Ethereum smart contract. The AI model found security flaws and ways the contract could be exploited.

CoinGape earlier reported various capabilities of the new GPT-4. Moreover, Microsoft disclosed that its AI chatbot Bing Chat, co-created with OpenAI, was already running on GPT-4.

Also Read: Binance Ends Zero-Free Bitcoin Trading After BTC Price Breaks $26K

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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