Solidproof Secures Licences for Its Auto Audit Tool Solution

Solidproof was over the moon after it obtained licenses for its auto audit tool, which can take the DeFi auditing to a whole new level. The newly launched tool introduced advanced code analysis that is more efficient considering it can detect loopholes and inefficiencies than manual tests.

Solidproof Automated Audit Tool (SAAT) beta version was made available to the parties willing to be involved in its progression, including testing and final developments. Its main objective is to increase the speed of the auditing process and allow the institution to bring transparency to blockchain projects.

The auto audit tool can inspect complex, smart contracts and eliminate weaknesses such as timestamp dependencies and DOS attacks that hackers can use to gain their way into the system. The solution is designed to find answers to real-life situations.

Solidproof has introduced outstanding audits and KYC procedures to secure DeFi investors from cyber-based crimes. So far, the firm’s solutions have managed to help secure more than 350 protocols; thus, increasing confidence in DeFi, the most profound financial revolution of the past decade. The KYC solutions help eliminate malicious founders and token developers in the DeFi sector. Additionally, they help create a customer identity, securing emerging blockchain projects from corrupt and terrorist financing risks.

Solidproof’s security services combine autonomous and manual audit tests with exceptional KYC measures to improve the security of crypto projects and lead to its adoption in the promising industry. The Germany-based audit firm has tailored its technology to cater to the continuously changing market of the crypto and DeFi scope.

According to a report from a leading blockchain data platform, Chainalysis, the industry is occupied by scams and rug pulls that remain a significant challenge in the crypto community.

Solidproof is a leading blockchain auditor that aims to protect the increasing value trapped in hundreds of DeFi projects. The firm is dedicated to exposing and locking out scammers who exploit DeFi projects, decreasing trust in the blossoming industry. Solidproof automates the smart contract auditing procedure to deliver proper audit tools that protect the entire DeFi ecosystem.