Halliday raises $20M to build AI-driven blockchain agents to do away with smart contracts

Blockchain -focused protocol starts up to artificial intelligence Halliday International Inc. He said Tuesday Rapid 20 million dollars In early financing to help finance the development of AI AIC capacity that will help developers get rid of the need to write smart contracts.

The financing tour of the A16z Crypto Capital ARM series led from Andressen Horowitz, with the participation of the Avalanche Blizzard box, the neutral and neutral layer. This tour reaches the total funding of the company to $ 26 million, after a seed tour of $ 6 million in 2022.

Blockchain technology is the notebook of the decentralized professor that records transactions over the network, ensuring a fixed and transparent historical record. It is known as technology behind cryptocurrencies like Bitcoin and Ethereum.

Smart contracts are the implementation of self -digital programs stored on Blockchains that are automatically run when the conditions of the “contract” are met, without the need for mediators. It has long been the virtual method that the industry is building applications on Blockchain; However, the development of smart contracts is fraught with risks. Sometimes their coding can be full of weaknesses and exploits, making them a common goal for malicious parties.

According to Hallides, this means that adding smart contract functions may take months and require expensive audits to ensure their willingness.

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To address this challenge, the company was established Workflow flow protocolThe same AI system uses Blockchain technology and independent factors to perform the same functions that are traditionally handled by smart contracts. These include repeated cryptocurrency payments, chain filling through the chain, smooth exit across networks, treasury management and other major operations.

Hallidai said that the workflow engine is the ideal basis for artificial intelligence agents, which can be used to create and define any task with handrails for financial systems and independent software to work for users.

“Our view of building the workflow one once and does not write a smart contract again,” the company explained. In a blog post. “The engine eliminates the need to write new smart contracts for each use by dealing with the integration of the protocol, its composition and automation outside the box.”

according to a report From Blockchain Chainalysis Inc. The encryption penetration remained a continuous threat throughout 2024, stolen about $ 2.2 billion in breaches. In addition to the weaknesses, smart contracts are still a great pain point for the industry, as developers drive services quickly while avoiding the appropriate security, the company said.

Halidai said that a royal version of its workflow engine was already under production more than a year ago, as it is working to pay payments for Apechain, the Avalanche Inc. Portfolio. Basic, fragments, DEFI, Metis and more. The company also said it had received upcoming integration with Frax Finance, Lens Labs and story protocol.

Photo: Siliconangle/Microsoft Designer