Security Smart contract audit - PowerPoint PPT Presentation

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Security Smart contract audit

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Smart contracts are agreements that are digital and also completely immune to manipulation. These digital contracts are preferred by many businesses that want to make agreements securely. Blockchain App Factory conducts security smart contract audit to ensure that your smart contracts are tamper-free. – PowerPoint PPT presentation

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Title: Security Smart contract audit


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SMART CONTRACT
  • Computer code which facilitate the exchange of
    money,content ,property etc.
  • Acts as a Self-operating computer program that
    automatically executes when specific conditions
    are met.
  • Allow performance of credible transactions
    without third parties

3
PROBLEMS WITH SMART CONTRACTS
  • Legal Issues- Smart contracts can be executed
    without a physical meeting,the potential for
    fraud or misrepresentation is high
  • Enforceability- Nodes in different geographies
    may face problems in enforcing the transactions
    due to varied regulations.
  • Hack Attacks-Smart contract code is written by
    humans that is vulnerable to hack attacks,
    security breaches.

4
TYPES OF SMART CONTRACT ATTACKS
  • Race Conditions- occurs when system behaves in a
    manner that are not intended
  • Reentrancy- Problem with the smart contract code
    where some functions are called repeatedly before
    the first function invocation is completed
  • Cross-function Race conditions- Its a condition
    where two functions in the code sharing the same
    state, with the same solutions
  • Front Running- allows one user to benefit from a
    manipulated transaction at the expense of other
    user.

5
SMART CONTRACT AUDIT
  • Investigating code to find security flaws and
    vulnerabilities before the code is publicly
    deployed.
  • Removing the need for a middleman in the
    transactions
  • Imposes set of rules on all parties involved.
  • Makes sure contract is performing as expected,
    prevents security breaches and hack attacks

6
SMART CONTRACT AUDIT SERVICES
  • ICO Smart Contract Audit- Eliminates the problems
    with hard cap and soft cap in raising tokens.
  • STO Smart Contract Audit- Solves compliance
    issues, regulations for different Jurisdictions
  • Smart contract security Audit- Make sure contract
    is performing as expected, prevents security
    breach,hack attacks.

7
STEPS IN SMART CONTRACT AUDIT
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SMART CONTRACT AUDIT FOR INDUSTRIES
  • Supply chain
  • Artificial Intelligence
  • Internet of Things
  • FinTech
  • Real Estate
  • Voting
  • Betting

9
CONTACT
1(323) 522-4739
info_at_blockchainappfactory.com
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