Smart State is Helping DLT Projects Blaze the Decentralized Economy Trail
Decentralized Ledger Technology (DLT), or more popularly known as Blockchain technology, is touching every aspect of human endeavor. As people are realizing the immense potential of this technology that can make processes more trustless, honest and seamless, developers are creating platforms and entire ecosystems based on this technology to enhance operational efficiency and create innovative solutions to real world problems.
However, the very USP of decentralization in DLT projects can become its own bane if the code of the smart contracts has any security issues. It is in the best interests of the developer team to get a full security audit of their project before it is opened for the public. This is where Smart State helps.
About Smart State
Smart State is a premier blockchain auditing company based in Dubai. We are a team of blockchain enthusiasts — experienced software engineers, architects and designers — who have come together to take blockchain technology to new heights by making it safer and smarter.
Launched in 2019, we kick-started our operations by auditing a number of DLT-projects. Right from the beginning, we have been clear that our services venture beyond the traditional purview of classic smart contract audit and security review. We evaluate a project’s git and give effective recommendations for rectification and improvement.
Smart State team brings years of experience into the DLT market, most having previously worked in banking, insurance, retail, and manufacturing. The team is led by Alex Belets who has a rich experience working in banking, insurance, retail, and manufacturing, among other sectors. etc. Dmitriy Subbotin, the lead developer at Smart State, has rich experience in mil-tech having worked in security services and also holds experience working as a CTO of 112 services (similar to a 911 services company in the US). Co-founder Mr. Sergey Belets is one of the early proponents of the blockchain technology and has previously worked as CEO and COO of a large retail chain and manufacturing companies.
Smart State services
1. Smart contract audit
We scrutinize your smart contract inside-out to reveal potential bugs or vulnerabilities in the code, if any, before it goes live. Primarily, we focus on common errors like stack problems, compilation, reentrance mistakes, and the competence of the host platform.
2. Analysis of the quality of projects
We evaluate the overall quality of a project based on the vision, products, whitepaper, tech stack, consensus model, team, advisors, community, roadmap, and market cap. The service aims to understand the potential of the project in the crypto market.
3. Project security analysis
The safety and reliability of blockchain projects are studied through a series of tests. They throw light on the level of security of your project and allow you to resolve them beforehand. Along with that, break testing is conducted on the smart contract by simulating attacks.
4. Codebase audit
Smart State code base audits confirm that your codebase is written in line with the common standards in SWC and autotesting.
5. Audit of the development process (primarily open-source projects)
An audit of the development process helps you identify and fix shortcomings in the project development. Potential bugs, including security vulnerabilities, are cut out before they occur so that the project smoothly progresses in a sustainable ecosystem bringing together a large number of team members and enthusiasts. We consider the logic of the git structure and ensure that the developmental process proceeds seamlessly.
6. Audit of the project quality management process
We follow a structured and independent process to determine if your project activity complies with the accepted policies, procedures and processes in the industry in terms of project development.
7. Analysis of the environment and community of projects
The transparency of the company processes is checked for the community and similar projects. It is also ensured that shared private information is secure and the project tools are available for community developers and node maintainers. The quality and ubiquity of the community, the relevance between community geography and project goals, the percentage of dead or defunct community members (who might also be bots), the quality of discussions as well as the overall contribution of the community to the project are assessed.
8. Analysis for compliance with tokenomics and declared contracts
Does your project comply with the published tokenomics? We match the published information on the whitepaper, litepaper, and website along with their revised versions to understand the conformity.
9. Analysis for compatibility with bridges, wrappers and swappers of the contracts
We conduct a series of tests to gauge the compatibility of the contract with bridges, wrappers and swappers. The tests give developers the chance to fix design issues, errors in the code, and security vulnerabilities
Parting words
At Smart State, we employ a combination of manual and automated auditing tools to initiate multilayered scrutiny of your codebase, smart contract, and project as a whole.
Get in touch with us to take your dive into the crypto market with confidence!
To know more about SmartState and the services we provide, check out our website — https://smartstate.tech/
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