As a researcher with extensive experience in blockchain technology and security, I believe that CertiK’s decision to partner with Alibaba Cloud is a strategic move that will significantly bolster the security and operational efficiency of Web3 projects based on the cloud. With the integration of CertiK’s advanced Security Suite into Alibaba Cloud’s scalable and secure platform, blockchain developers will be able to ensure the security of their projects while streamlining their development processes.
As a crypto investor, I’m excited to share that CertiK, the reputable blockchain security firm, has made a strategic shift by moving its cloud infrastructure to Alibaba Cloud, which is the robust cloud computing service offered by Alibaba Group based in Asia. This relocation is designed to significantly enhance the security and operational efficiency of CertiK’s blockchain applications catering to the Asian market.
As a crypto investor, I’m excited about this new partnership as it signifies significant progress in delivering strong security solutions for Web3 projects that reside on the cloud. The importance of Web3 cloud services cannot be overstated since they are essential for ensuring the secure and efficient operation of decentralized applications (dApps) across interconnected blockchain networks.
CertiK and Alibaba Cloud: Details of the Partnership
In a joint press release dated May 2023, CertiK and Alibaba Cloud revealed the details of their collaboration. Under this agreement, CertiK’s expert services for smart contract auditing and Layer 1 blockchain auditing have been seamlessly integrated into Alibaba Cloud’s extensive network.
With this integration, blockchain developers can simplify their workflows and bolster the security of their projects through the use of CertiK’s robust Security Suite, all while taking advantage of Alibaba Cloud’s flexible and protected infrastructure.
As a crypto investor, I can tell you that having CertiK oversee my deployments on Alibaba Cloud gives me peace of mind. They take charge of ensuring safe cloud computing for developers and businesses, managing high-uptime storage, and building robust infrastructure. Furthermore, their continuous automated monitoring keeps stringent security protocols in place, safeguarding my investments from potential threats.
CertiK is set to enhance its services on Alibaba Cloud by incorporating penetration testing and introducing the Skynet due diligence tool. These new features are designed to deliver comprehensive security solutions for Web3 projects, safeguarding them from potential risks and vulnerabilities.
About CertiK
Established in 2018, CertiK specializes in ensuring the security of blockchain platforms and their associated smart contracts. Having carried out security evaluations for more than 3,500 blockchain initiatives, CertiK has earned a reputation as a prominent player in the realm of blockchain security.
As a researcher at CertiK, I recently uncovered a significant issue with Kraken’s Digital Asset Exchange. During my investigation, I identified a critical vulnerability that potentially enabled double-spending. To confirm the severity of this finding, my team and I took it upon ourselves to exploit the vulnerability approximately 20 times within a five-day period. Our intention was to assess Kraken’s ability to detect such activities and improve their security measures in response.
Despite the eventual return of the funds, Kraken voiced disappointment over the occurrence, underscoring the significance of prompt disclosure and swift reporting when dealing with similar issues.
Alibaba Cloud’s Web3 Partnerships
Alibaba Cloud is actively collaborating with blockchain platforms like Avalanche in 2022 to foster Web3 development in Asia and the Middle East. This partnership enables developers to effortlessly set up new validator nodes on Alibaba Cloud using its node-as-a-service program.
Furthermore, Alibaba Cloud has teamed up with the NEAR Foundation, managing the NEAR protocol, to fuel the expansion of Web3. This alliance intends to expedite Web3 development by leveraging Alibaba Cloud’s developer community and streamlining the deployment process for NEAR validators using their resources. By engaging in these partnerships, Alibaba Cloud aims to bolster its presence within the Web3 ecosystem.
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2024-07-01 17:15