The convergence of powerful AI models will allow smart contracts to have mediation and dispute resolution.

A great thing about Bitcoin is its ability to send payment to anyone in the world quickly and without permission. The problem with this is when a buyer wants to purchase a good or service from someone over the internet. Bitcoin is a proof based system, yet the buyer must trust the seller that they will send the item as advertised.

Presently, in watchexchange subreddits or other collectible goods for sale on Reddit, a standard of payment is PayPal goods and services. Even besides that, using a credit card for friends and family payments also supplies some buyer protection from the credit card company.

It’s not a perfect system, and members of the communities often prefer to do business with others who have a track record of successful exchanges and swaps. But if something goes wrong, the buyer or seller can reach out to PayPal and have them mediate a resolution. And even the community engages in looking at the evidence and making a verdict. Again, it’s not a perfect system, but people sell Rolex watches and many valuable things in these communities, so there is a fairly high level of faith in this system.

If a smart contract was made with a GPT model who can act as a mediator for conflict resolution, then it would make p2p payments with escrow and customer support possible. It may not be a perfect system, but it may be better than the current system.