NEW YORK, 29/10/2020 - AllianceBlock, the protocol bridging the gap between traditional finance and DeFi by building the world’s first globally compliant decentralized capital market, has joined forces with holistic blockchain auditing firm CertiK to ensure the security and integrity of international settlements taking place in the AllianceBlock domestic network.
AllianceBlock is building a cross-industry financial bridge between traditional finance and DeFi, which started as an Ethereum sub-culture before transforming into the exponentially growing multi-billion dollar self-sustainable industry it is today.
We’re way past the parallel competition era of blockchain technology, where the subject of discussion was often focused on which digital currency is more viable than the rest of the pile, and have entered the vertical growth era, where we’re now exploring potential game-changing solutions, and by extent, scaling them to solve real-life expectations.
What AllianceBlock is trying to offer in this case, is an important aspect missing from fintech nowadays, considering the DLT industry is at the point where traditional banking institutions and even governments are getting involved with DeFi, among other blockchain-powered markets.
That would be a solution to the fact there is currently minimal to absolutely no reliability at all, as to how these, still exotic to traditional financiers, computing protocols operate.
“CertiK has firmly established itself as the leading provider of end-to-end cybersecurity solutions and we are delighted to team up with a company that is setting a new industry standard in blockchain security protocols.”
“Collaborating with CertiK extends our remit considerably when it comes to enhancing the safety and security of our network through a stringent verification process.In return, CertiK will become part of our ecosystem of stakeholders as we usher in a new, global participatory economy,”saidRachid Ajaja, Founder and CEO of AllianceBlock.
By connecting both traditional and tokenized asset issuers, liquidity providers and aggregators, traditional and decentralized exchanges, the AllianceBlock team aims to facilitate an ecosystem of trusted and verifiable partners, that would, in their turn, empower a reliable entry point between traditional finance and the broader crypto domain.
For that reason, AllianceBlock entrusts its cybersecurity to CertiK, a leader in whole-chain, smart-contracts and VAPT verification, in order to ensure all applications running on top of the AllianceBlock ecosystem are not subject to being potential vectors of malicious activity.
To achieve that status, not only AllianceBlock and its components will be examined in unparalleled detail, but the blockchain services provider also plans on verifying each and every DeFi solution that goes through its native network with the help of CertiK Professional Services Division.
The collaboration will also offer benefits to CertiK, opening the door for them to enter the capital market world and forge relationships with other members of the AllianceBlock ecosystem and, in doing so, becoming part of the new era of capital market infrastructure providers.
AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product. Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market. For more information, visit: https://www.allianceblock.io/
CertiK is a technology-led blockchain security company founded by Computer Science professors from Yale University and Columbia University built to prove the security and correctness of smart contracts and blockchain protocols.
CertiK’s mission of every audit is to apply different approaches and detection methods, ranging from manual, static, and dynamic analyses to ensure that the project is checked against known attacks and potential vulnerabilities. CertiK leverages a team of seasoned engineers and security auditors to apply testing methodologies and verifications on the project, in turn creating a more secure and robust software system.
CertiK has serviced more than 100 clients with high-quality auditing and consulting services, ranging from stablecoins such as Binance’s BGBP and Paxos Gold to decentralized oracles such as Band Protocol and Tellor.
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