• Elliptic, a cryptocurrency risk management business, has incorporated ChatGPT to increase its efficiency in spotting crypto risks.
• Human researchers work with a private dataset of over a decade’s worth of data to perform these analyses.
• Other companies have had mixed results using ChatGPT, but overall it is expected to help find vulnerabilities that humans have overlooked.
Elliptic Integrates ChatGPT
Elliptic, a cryptocurrency risk management business, has incorporated ChatGPT into its off-chain intelligence and research activities in an attempt to increase the precision and velocity with which new hazards are identified. This is expected to help find vulnerabilities that humans have overlooked.
Private Dataset Used for Analysis
Human researchers use a private dataset containing “over a decade’s worth of data” in order to perform these analyses. Chief technology officer Jackson Hull believes that utilizing this system may help discover potential issues that could have been missed by humans alone.
Mixed Results from Other Companies
Other companies utilizing ChatGPT have had mixed results when deploying the system into their workflow. For instance, Crypto.com introduced Amy, an AI user assistant based on the system in May 2021; however they expect input during the beginning stages so they can make necessary future upgrades. On the other hand Bitget found “cracks” in the reliability of ChatGPT’s answers when presented with more complex queries than normal client requests.
Despite these issues faced by some companies using ChatGPT, Elliptic believes there are still benefits associated with implementing this system within their own operations such as enabling their researchers and investigators to take on novel risk variables “in higher volumes and at a quicker speed than ever before” as well as finding any potential vulnerability unnoticed by humans alone due to time or knowledge constraints .
To conclude, Elliptic has implemented ChatGPT into its off-chain intelligence and research activities in order improve its efficiency when trying to spot crypto risks associated with customers purchases wallets and exchanges . While other companies have seen mixed results using this system Elliptic is hopeful that it will provide them with an advantage over manual human analysis .