Blockchain
SolidProof Soon To Make Its Auto Audit Tool Available for Everyone
Handewitt, Germany–(Newsfile Corp. – April 8, 2022) – After introducing the SolidProof Automated Auto Tool (SAAT), the German audit company is ready to make the product available on a large scale. We are all aware of the massive success that Decentralized Finance (DeFi) is having, but we cannot ignore its security and stability threats.
Solid Proof
The developing team plans to release this significant update by the end of April, and users will finally be able to get their hands on this innovative tool.
A New Exciting Feature Available for Everyone
In order to detect faults, mistakes, and inefficiencies in any DeFi project’s smart contract, SAAT uses pre-installed parameters. SolidProof’s skilled staff can accurately provide audit reports on time and transparently.
As a result, SolidProof can examine extremely complicated smart contracts thanks to its automated audits. Anyone familiar with smart contracts will quickly understand how challenging it can be to audit every one of them manually, which is why this feature attracts the market’s interest.
After the automatic review, SolidProof auditors deliver an audit report to the development team. The severity of current vulnerabilities is evaluated in this deliverable using three levels: critical, medium, and low.
The auditors then provide suggestions for resolving any remaining issues or inefficiencies in the system. They work with the project’s backers to resolve any flaws that have been discovered. In the end, the team produces the final audit report and a certificate proving that the project is safe for widespread usage.
We expect to see SolidProof’s new tool at the end of the current month, promising to have an essential service for blockchain projects to detect hard-to-find. The system will play a key role in boosting DeFi projects’ safety and building trust with their customers.
Other Exciting News for SolidProof
To understand the success of SolidProof, one can find it helpful to look at the project “live tracker” feature that the audit company introduced in November 2021. This counter shows over 500 projects in SolidProof’s ecosystem, indicating that the group has a lifetime experience that goes beyond 1,000 crypto projects.
Among the teams that decided to trust SolidProof, we can find big names in the blockchain industry. If we wanted to mention just a few of them, we could include Cult DAO, UniCrypt, Kryxivia, and Arker.
But that’s not all: the marketing business is expanding every week and adding new services to the SolidProof media kit, which is available on the company’s website. Furthermore, the team began to award a “Gold Status” accreditation to the projects that follow the industry’s best-practice on its website and Twitter page.
Finally, SolidProof has decided to expand its business in the Asian market. The team wishes to introduce several tools to overcome language obstacles and raise the level of verification for Asian professionals and documents providing KYC services.
About SolidProof
In order to protect DeFi investors, the German-based security company gives rising businesses the tools they need to find and fix any security gaps that may be exploited. Additionally, SolidProof provides KYC scanning services as part of its bespoke solution. Their job is to check clients’ transactional data to uncover fraud, money laundering, or terrorist funding issues.
For developers, the audit firm’s security solutions may be used to improve investor trust in SolidProof.io. Check out the social media accounts below to interact with the SolidProof community and learn more about how the business enhances the security of DeFi smart contracts.
Twitter | Telegram | Facebook | Twitter Insider
Media Contact:
MAKE Solutions UG
Mails Nielsen
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119562
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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