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

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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.

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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.

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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

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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.

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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

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CONTACT
1(323) 522-4739
info_at_blockchainappfactory.com