Business News Report
May 15, 2023

CertiK and Alibaba Cloud Join Forces to Strengthen Cloud-Based Blockchain Security

In Brief

New York-based blockchain security company CertiK has partnered with Alibaba Cloud to provide blockchain security services to cloud-based Web3 projects.

With this new partnership, developers and enterprises building on Alibaba Cloud can conduct code reviews, risk assessments, team identity verification, background checks, and more using the security tools provided by CertiK.

CertiK’s smart contract auditing service and Layer 1 blockchain auditing service are now fully integrated and operational on Alibaba Cloud.

CertiK and Alibaba Cloud Join Forces to Strengthen Cloud-Based Blockchain Security

CertiK, the New York-based blockchain security company, and Alibaba Cloud, the digital technology and intelligence unit of Alibaba Group, have partnered to provide blockchain security services to cloud-based web3 projects.

With this new partnership, developers, and enterprises deploying on Alibaba Cloud can conduct code reviews, risk assessments, team identity verification, background checks, and more using CertiK’s security suite.

According to a press release, CertiK’s smart contract auditing service and Layer 1 blockchain auditing service are now fully integrated and operational on Alibaba Cloud. Penetration testing and CertiK’s Skynet due diligence tool will also be introduced in the future to provide end-to-end security solutions.

The company believes that integrating web3 applications, smart contracts, and blockchains is the next step in the evolution of cloud computing. By bringing its security tools to Alibaba Cloud’s Blockchain as a Service (BaaS) platform, CertiK hopes to drive the mass adoption of blockchain technology.

Founded by computer science professors at Columbia and Yale, CertiK has raised a total of $290 million in funding. In April 2022, CertiK closed a $60 million B3 funding round led by SoftBank Vision Fund and Tiger Global and raised $148 million in two weeks. 

“We’ve believed in the power of blockchain technology for over half a decade, and to see Alibaba Cloud commit to this same vision and embrace a comprehensive approach to security is extremely rewarding. We look forward to bringing secure blockchain development and deployment to the widest audience possible,” CertiK co-founder Prof. Ronghui Gu said in a statement.

CertiK experts will monitor deployments to Alibaba Cloud environments, helping developers and enterprises perform secure cloud computing, maintain high-uptime cloud storage, and build secure infrastructure, while automated tools will operate 24/7 in the background.

In addition, the company’s upcoming SkyNet vulnerability scanning platform performs real-time code scanning and detects vulnerabilities, offering developers continuous monitoring and suggestions for remedial actions in real time.

Beyond integrating the Security Suite, CertiK and Alibaba Cloud will support the continued growth of the web3 world through the joint organization of hackathons, developer education sessions, and application development programs.

Read more:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

More articles
Cindy Tan
Cindy Tan

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

The DOGE Frenzy: Analysing Dogecoin’s (DOGE) Recent Surge in Value

The cryptocurrency industry is rapidly expanding, and meme coins are preparing for a significant upswing. Dogecoin (DOGE), ...

Know More

The Evolution of AI-Generated Content in the Metaverse

The emergence of generative AI content is one of the most fascinating developments inside the virtual environment ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Othentic Raises $4M Funding From Breyer Capital To Advance Development Of Modular Networks In Shared Security Environment
Business News Report Technology
Othentic Raises $4M Funding From Breyer Capital To Advance Development Of Modular Networks In Shared Security Environment
April 22, 2024
Celo Developer cLabs Proposes Launch Of Its Ethereum Layer 2 Solution On Optimism’s OP Stack
News Report Technology
Celo Developer cLabs Proposes Launch Of Its Ethereum Layer 2 Solution On Optimism’s OP Stack
April 22, 2024
ICON Integrates Its Cross-Chain DEX Balanced With Injective, Announces Regular INJ Token Purchases
Business News Report Technology
ICON Integrates Its Cross-Chain DEX Balanced With Injective, Announces Regular INJ Token Purchases
April 22, 2024
Exponential Bitcoin Bull Market Is Yet To Commence, Notes Crypto Analyst Willy Woo
Markets News Report Technology
Exponential Bitcoin Bull Market Is Yet To Commence, Notes Crypto Analyst Willy Woo
April 22, 2024