Singapore, Singapore, April 9, 2024, Warp Thread
- Extensive security checks are now possible at just 10% of the traditional costs
- Creating prices and reports is 10 times faster and cheaper than traditional companies
- This company is optimized for projects that “want to audit contracts but have a limited budget” or “perform an initial audit during the development phase”
Bunzlaunches a Singapore-based web3×AI tech startup “Bunzz audit”, an AI-powered smart contract audit service that provides fast, cost-effective audits with actionable insights for security improvements, scanning contracts from 100+ perspectives using AI and an extensive database.
Overcoming the Challenges of Traditional Smart Contract Audits in Blockchain Projects
Blockchain-related projects trade users’ assets on-chain, and the smart contracts that govern this logic are at risk of attack. As a measure, ‘smart contract audits (Audit)’ are being carried out, but users of existing large accounting firms are faced with the following challenges:
- The costs of traditional accounting firms are very high (from 10,000 to 1 million USD).
- Emphasis is placed on the “quality mark” of large accounting firms, making the original goal of “improving security” a mere formality.
- Hiring an accounting firm can delay product launches or token listings due to the time required for audits.
- The accuracy of reports and the cost of communication can be unstable depending on the accounting firm’s staff.
As an approach to solving these problems, Bunzz, the smart contract development infrastructure, has researched and developed an AI-based audit service: “Bunzz audit.”
At the open beta version in January this year, Bunzz received a lot of positive feedback and now it has officially launched ‘Bunzz Audit’ as a formal version.
Product page: https://www.bunzz.dev/audit
The significance of using AI for smart contract audits
The tasks of audit firms can be roughly classified as follows:
- Comparing customer contracts with previously identified vulnerability patterns to detect vulnerabilities.
- Detecting vulnerabilities arising from project-specific logic or operational inconsistencies.
For the first task, vulnerabilities in smart contracts are normally checked by people who review the source code. However, variations in auditors’ knowledge of vulnerability patterns and their detection capabilities make mistakes due to human error a current issue.
In this connection, Bunzz audit owns a database of previously discovered vulnerability patterns and uses an audit method that scans code from more than 100 perspectives. This approach enables comprehensive coverage and accurate identification of vulnerabilities without omissions, which is physically impossible for humans.
From the results obtained through research and development, Bunzz believes that for detecting vulnerability patterns such as in the first task, a database + AI approach is more suitable than a human approach.
As for the second task, namely detecting vulnerabilities specific to a project’s logic, this is not addressed by the above approach, but rather by professional auditors of the Bunzz audit team (optional). Customers can choose between two types of audits: one that reviews only the code and another comprehensive audit that includes both the code and project-specific logic.
Bunzz is currently distributing a promotional code for Bunzz Audit
Bunzz is currently distributing a 10% discount code for free. Using this code, audits are available for USD 1,791. The compensation remains constant regardless of the amount of source code or the level of vulnerabilities found, allowing for the highest level of ROI in the industry. Please try it.
Users can get their promotional code here: https://www.bunzz.dev/audit
About Bunzz
Bunz is a leading Web3×LLM company and operates Asia’s largest DApps development infrastructure. We develop and deliver various Web3 infrastructures and services aimed at realizing ‘smart contracts as a public good’.
Shareholders: Arriba Studio, Coincheck Labs, DG Daiwa Ventures, gmjp, East Ventures, GMO AI &Web3, GREE Ventures, Hyperithm, Kotaro Tamura, Kazutaka Mori, mint, SPIRAL VENTURES, 01Booster Capital, Ceres
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Bunzz projects
Contact
Devrel Manager
Trust Oyafemi
Bunz
info@bunzz.dev