Blockchain
Blockchain Security Company Salus Security’s Seed Round Led by Binance Labs, Building Security for Web3 Together
Singapore–(Newsfile Corp. – September 20, 2022) – Salus Security announced the completion of its seed funding round, led by Binance Labs. Geekcartel also participated in this round. Salus Security will use the funds raised to expand its team and drive the technological development of its products.
Salus Security is an all-rounded blockchain security company, providing services such as automated smart contract audits and manual vulnerability detection. The team is experienced in both traditional and blockchain security, and aims to make security services accessible for all.
Yi He, Co-Founder of Binance and Head of Binance Labs, said, “At Binance, security has always been a priority and we’re on the continued lookout for service projects that offer innovative security solutions to resolve pain points currently facing the blockchain ecosystem. The technological competitiveness of Salus Security will drive the quality of security solutions in the Web3 sector.”
Backed by its machine learning technology, Salus Security is able to verify the smart contracts’ business logic with as little friction and effort as possible. It can also automatically conduct a thorough examination of the smart contracts’ codes and data repository to make blockchain security simpler and more efficient. The core products of Salus Security include but are not limited to:
- Automated smart contract vulnerability detection that supports multi-engine formal verification, symbolic execution, hybrid fuzzing, and more.
- Smart contract audits that help detect security issues such as denial-of-service (DoS) attack oversight, functionality duplication, rounding errors, and more.
- Customized security services that include on-demand consulting, comprehensive penetration testing, and on-chain asset tracking.
Mirror T., Co-Founder of Salus Security, said, “We aim to help our users eliminate their concerns about blockchain security threats, and provide them with a series of services to protect their data privacy and crypto assets. We are constantly innovating and see it as our mission to establish new standards for the blockchain security industry.”
“While Web3 is shaping up to be a more decentralized and independent Web, this emerging sector still faces notable blockchain security challenges. Salus Security has made a step towards resolving these issues by leveraging their expertise in blockchain technology and machine learning. We’re excited about this partnership and look forward to working with the Salus Security team to bring more blockchain security solutions to users, and provide more guardrails for the Web3 industry,” Danny F., Investment Director at Binance Labs, commented.
For more information, follow Salus Security on Twitter
Salus Security
https://salusec.io/
Binance Labs
https://labs.binance.com/
Geekcartel
https://www.geekcartel.org/
Contact:
Grace Chen
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137778
Blockchain
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Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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