Blockchain safety service supplier BlockSec accomplished its angel+ spherical price CNY 50 million (USD 7.455 million), led by Vitalbridge and Matrix Companions. With the extensive use of good contracts, the safety of the good contract additionally requires builders to connect nice significance.

BlockSec, a blockchain safety service supplier in China, introduced its angel spherical price CNY 50 million (USD 7.455 million) at present, led by Vitalbridge and Matrix Companions, with participation by Mirana Ventures, CoinSummer, and YM Capital, information portal reported.

With the popularization of recent blockchain applied sciences resembling ETH, good contracts, a expertise that automates switch transactions by executing open supply code, have additionally attracted a lot consideration from builders and customers.

Nonetheless, due to the open-source nature of good contracts, hackers may see the code of good contracts. If there are loopholes within the code, hackers will assault and revenue from it. Subsequently, blockchain safety corporations have additionally emerged.

Zhou Yajin, the co-founder of BlockSec, stated that BlockSec’s assault blocking system has efficiently blocked a number of hacker assaults. For instance, when hackers attacked Saddle Finance, BlockSec issued an early warning and efficiently blocked the assault. To date, BlockSec has recovered greater than USD 5 million in belongings for tasks, together with Saddle and HomeDao.

Data safety points have motivated a brand new era of safety service suppliers. The BlockSec workforce’s stable scientific analysis background and perception into trade and market wants present distinctive views and options for the next-generation Web safety system, stated a spokesman from Vitalbridge.

The corporate’s rivals embrace Entrust, Aliyun (Chinese language: 阿里云), Chengdu LianAn (Chinese language: 成都链安), SlowMist (Chinese language: 慢雾科技), and TCS.

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