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Bunzz launches AI-powered smart contract audit tool with free audits for first 20 projects

Press Releases
Bunzz launches AI-powered smart contract audit tool with free audits for first 20 projects

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Singapore, Singapore, Jan. 3, 2024, Chainwire

Bunzz pte ltd (Singapore), the operator of the web3 development infrastructure “Bunzz”, has announced the release of the open beta version of its AI-powered smart contract audit tool “Bunzz Audit”.

Bunzz launches AI-powered smart contract audit tool with free audits for first 20 projects - 1

The company will provide free audit rports for the first 20 projects.

Overcoming challenges in smart contract audits: the Bunzz solution

Web3 projects and applications often face operational issues or hacking threats due to vulnerabilities in their smart contracts.

To mitigate these risks, “Smart Contract Audits” are crucial.

Yet, users of major audit firms have encountered the following pain points:

  1. Extremely high costs for audits (ranging from $50K to $1 million)
  2. Increasing projects launching without audits due to financial burdens, leading to frequent incidents of assets being stolen exploiting vulnerabilities
  3. Time-consuming audits causing delays in product development schedules
  4. Variability in report accuracy and high communication costs depending on the auditor

Bunzz, as a smart contract development infrastructure, has resolved these pains with the research and development of “Bunzz Audit”, leading to the launch of its Openβ version.

Key features of Bunzz audit vs. existing audit services:

  1. Significantly cheaper costs compared to audit firms
  2. Capability to audit at any phase of product development (including continuous contract audits post-launch)
  3. Adoption of SaaS model, enabling easy access to audit reports with a user-friendly UX

Users are welcome to try a Bunzz Audit for free.

Bunzz audit fundamentally resolves the challenges in the audit industry

Audit firms usually identify vulnerabilities in smart contracts by manually comparing them with past patterns. This process is costly and leads to variable report quality.

Bunzz Audit tackles these issues by using AI to integrate a database of known vulnerability patterns and results from existing contract analysis tools.

Manual audits are reserved for project-specific vulnerabilities.

  1. More accurate vulnerability detection than human visual checks
  2. Maintaining consistent quality in audit reports
  3. Minimizing communication costs with auditors
  4. Significantly reducing lead time for audit report completion

Bunzz audit offers free audits to the first 20 projects

To celebrate the release of the Openβ version, Bunzz Audit will conduct audits and provide reports “free of charge” for the first 20 projects.

Given that normal audit costs range from $50K to $1 million, this offers a significant advantage to users who seize this opportunity.

Users can request a free smart contract audit from Bunzz Audit here: https://9vi3topj6b2.typeform.com/to/EAb8IHmA

(Note: For lengthy or complex contracts, a separate estimate may be required)

About Bunzz

Bunzz is a dapp Development platform that provides blockchain developers with easier tools to save development time through a GUI and the advanced blockchain developers and an open source Smart Contract Hub to allow smart contracts combinations and build complex dapps.

For more information: https://bunzz.dev

Contact

CEO
Kenta Aktustu
Bunzz pte ltd
[email protected]

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.