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The DFINITY Foundation Joins the Blockchain Security Alliance for Enhanced Ecosystem Security

SINGAPORE, Aug. 9, 2023 /PRNewswire/ — On August 9, the DFINITY Foundation, a key contributor to the Internet Computer blockchain, recently announced its participation in the Blockchain Security Alliance, a collaborative initiative launched by Beosin and SUSS NiFT. The Blockchain Security Alliance is composed of various units with diverse industry backgrounds, including university institutions, blockchain security companies, industry associations, and fintech service providers. The Blockchain Security Alliance welcomes DFINITY into its ranks alongside Beosin, SUSS NiFT, NUS AIDF, BAS, FOMO Pay, Onchain Custodian, Semisand, Coinhako, ParityBit, and Huawei Cloud as its first batch of board members.

The Internet Computer blockchain, introduces autonomous serverless cloud functionality to the public internet. This groundbreaking advancement empowers developers to construct almost any system or service entirely on a decentralized network using “canister software,” an evolution of smart contracts.

By joining the Blockchain Security Alliance, DFINITY endorses the importance of collaboration and mutual cooperation among members to enhance security across the global blockchain ecosystem. Herbert Yang, DFINITY GM of Asia, emphasized that “Security has always been one of DFINITY’s top concerns as a decentralized internet computing platform. With 42 members at present, the Alliance stands as a united front committed to safeguarding the integrity and security of the blockchain industry“. The Alliance extends an open invitation to other blockchain-related entities to join forces and collectively defend the security of the entire ecosystem.

As a founding member of the Blockchain Security Alliance, Beosin plays a pivotal role in fortifying the security of the ecosystem. Co-founded by esteemed professors from world-renowned universities and supported by a team of over 40 Ph.D. experts, Beosin leads the way as a leading global blockchain security company. The company’s widespread presence includes offices in Singapore, South Korea, Japan, and over ten other countries, underscoring its commitment to securing the blockchain ecosystem on a global scale.

With its mission of “Secure the Blockchain Ecosystem,” Beosin offers a comprehensive “All-in-one” blockchain security solution encompassing Smart Contract Audits, Risk Monitoring & Alerts, KYT/AML, and Crypto Tracing. The company’s impressive track record includes auditing over 3000 smart contracts, including notable Web3 projects such as PancakeSwap, Uniswap, DAI, and OKSwap. All of these audited projects are closely monitored by Beosin EagleEye, ensuring continuous oversight and protection.

Beosin’s dedication to the blockchain community extends to its KYT/AML solutions, serving over 100 institutions.

In further support of the ICP ecosystem, Beosin has recently conducted audits for two ICP projects, MID and Catalyze. These audits exemplify Beosin’s commitment to the security and integrity of the ICP ecosystem, and its role in protecting DFINITY and other blockchain projects.

“We are delighted to have DFINITY join the Blockchain Security Alliance,” said Tommy Deng, Managing Director at Beosin. “Together with DFINITY and other Alliance members, we strive to establish an ecosystem where innovation thrives amidst robust security measures. Beosin’s recent audits of MID and Catalyze reflect our dedication to fortifying the ICP ecosystem and safeguarding the broader blockchain industry.”

The Blockchain Security Alliance has held several successful offline events since its inception. Last year’s inaugural event “ENABLING A DIVERSE ECOSYSTEM IN WEB3.0” received active participation from alliance members. The alliance members have jointly produced multiple reports on blockchain ecosystem security, widely disseminated within the industry.

As co-organizers of the alliance, Beosin and SUSS NiFT warmly welcome DFINITY’s participation and commit to furthering the alliance’s work to contribute to the security development of the blockchain industry. The alliance aims to enhance the industry’s security capabilities through security research, technical exchanges, and collaborations, providing strong support for the industry’s long-term growth.

About the DFINITY Foundation 

The DFINITY Foundation is a not-for-profit organization comprised of leading cryptographers, computer scientists and experts in distributed computing. With a mission to shift cloud computing into a fully decentralized state, the Foundation leveraged its experience to create the Internet Computer and currently operates as a major contributor to the network.