On 17th July, “Ontology partnered with CertiK” an announcement made on Ontology’s official blog. The main goal of this collaboration was to build a reliable blockchain security and stand out in the industry. Attracting crypto-community by providing strong security.
CertiK is a smart contract verification blockchain platform founded by elites of Yale and Columbia University. The platform works towards creating a hacker-resistant and bug-free blockchain ecosystem and smart contract. Furthermore, CertiK is a platform which is backed by Binance and is under its portfolio.
Ontology, the distributed trust collaboration platform explained that there are some security issues in the existing smart contracts. When something is entering blockchain, it becomes irreversible. Moreover, it is easy to find vulnerabilities in the security as most of the blockchain projects are open-source codes. The testing and real-time monitoring of traditional software security cannot provide the high-level of security required for blockchain.
Currently, both Ontology and CertiK are aiming at detecting security vulnerabilities of open-source code with the use of deep specification technology. This will ensure that there are no security vulnerabilities before the release of a smart contract.
The founder of Ontology, LI Jung said that CertiK shares the same vision as Ontology which is to realize a transparent, secure and fair blockchain ecosystem across the globe. He stated that the team is looking forward to working with them and to bring across more real case smart contract formal verification, create a high-security ecosystem and solve blockchain security pain points.
GU Rongui, the Co-Founder of CertiK quotes:
“Trust and security are the most important consensus of the blockchain industry and the common cause for Ontology and CertiK. It is our honor to work with a forward-looking project like Ontology to build a secure and reliable blockchain ecosystem and ensure the security of the blockchain world.”
Alesio, a Twitterati:
“Damn Certik has been doing really well lately and Ontology is still my #1 coin. This is great news”
Asif, another Twitterati:
“Are we planning to land on the moon or mars, cause im just geared for moon”
Ontology recently announced its partnership with IdentityMind Global to develop Know Your Customer [KYC] and provide digital identity services. Prior to this, Ontology partnered with Cocos, a mobile game development solution.