The AI-Based Smart Contract Audit Firm “Bunzz Audit” Has Officially Launched

Singapore,
Singapre,
April
9th,
2024,
Chainwire

• 
  Comprehensive
  security
  checks
  are
  now
  possible
  at
  only
  10%
  of
  the
  traditional
  cost
• 
  The
  price
  and
  report
  creation
  is
  10
  times
  faster
  and
  cheaper
  than
  traditional
  firms
• 
  This
  firm
  optimized
  for
  projects
  that
  “want
  to
  audit
  contracts
  but
  have
  limited
  budgets”
  or
  “wish
  to
  conduct
  an
  initial
  audit
  during
  the
  development
  stage”

Bunzz,
a
Singapore-based
web3×AI
tech
startup
launches
“Bunzz
Audit,”
an
AI-driven
smart
contract
auditing
service
offering
fast,
cost-effective
audits
with
actionable
insights
for
security
improvements,
scanning
contracts
from
over
100
perspectives
using
AI
and
an
extensive
database.

Overcoming
the
Challenges
of
Traditional
Smart
Contract
Audits
in
Blockchain
Projects

Blockchain-related
projects
trade
users’
assets
on-chain,
and
the
smart
contracts
governing
this
logic
are
at
risk
of
being
attacked.
As
a
measure,
“smart
contract
audits
(Audit)”
are
conducted,
but
users
of
existing
major
audit
firms
face
the
following
challenges:

• The
  cost
  of
  traditional
  audit
  firms
  is
  very
  high
  (from
  10K
  to
  1M
  of
  USD).
• Emphasis
  is
  placed
  on
  the
  “seal
  of
  approval”
  from
  major
  audit
  firms,
  making
  the
  original
  goal
  of
  “improving
  security”
  a
  mere
  formality.
• Engaging
  an
  audit
  firm
  can
  delay
  product
  launches
  or
  token
  listings
  due
  to
  the
  time
  taken
  for
  audits.
• The
  accuracy
  of
  reports
  and
  the
  cost
  of
  communication
  can
  be
  unstable
  depending
  on
  the
  audit
  firm’s
  personnel.

As
an
approach
to
solve
these
issues,
Bunzz,
the
smart
contract
development
infrastructure,
has
researched
and
developed
an
AI-based
audit
service,
“Bunzz
Audit.”

In
the
open
beta
version
in
January
this
year,
Bunzz
received
a
lot
of
positive
feedback,
and
it
has
now
officially
launched
“Bunzz
Audit”
as
a
formal
version.

Product
page:


https://www.bunzz.dev/audit

The
Significance
of
Using
AI
for
Smart
Contract
Audits

The
tasks
performed
by
audit
firms
can
broadly
be
classified
as
follows:

1. Comparing
   clients’
   contracts
   with
   previously
   identified
   vulnerability
   patterns
   to
   detect
   vulnerabilities.
2. Detecting
   vulnerabilities
   derived
   from
   project-specific
   logic
   or
   operational
   inconsistencies.

For
the
first
task,
vulnerabilities
in
smart
contracts
are
normally
checked
by
humans
reviewing
the
source
code.
However,
due
to
variations
in
auditors’
knowledge
of
vulnerability
patterns
and
their
detection
capabilities,
oversights
due
to
human
error
are
a
current
issue.

In
this
regard,


Bunzz
Audit

owns
a
database
of
previously
discovered
vulnerability
patterns
and
adopts
an
auditing
method
that
scans
code
from
over
100
perspectives.
This
approach
allows
for
comprehensive
coverage
and
accurate,
omission-free
vulnerability
identification,
which
is
physically
impossible
for
humans.

From
the
results
obtained
through
research
and
development,

Bunzz
believes
that
for
detecting
vulnerability
patterns
as
in
the
first
task,
a
database
+
AI
approach
is
more
suitable
than
a
human
approach.

Regarding
the
second
task
of
detecting
vulnerabilities
specific
to
a
project’s
logic,
this
is
not
addressed
by
the
above
approach
but
rather
by
professional
auditors
from
the

Bunzz
Audit
team
(as
an
option).
Clients
can
choose
between
two
types
of
audits:
one
that
only
reviews
the
code
and
another
comprehensive
audit
that
includes
both
the
code
and
the
project-specific
logic.

Bunzz
are
currently
distributing
a
promotion
code
for
Bunzz
Audit

Currently,
Bunzz
is
distributing
a
10%
discount
promotion
code
for
free.
Using
this
code,

audits
are
available
for
1,791
USD.
The
fee
remains
constant
regardless
of
the
amount
of
source
code
or
the
level
of
vulnerabilities
found,
allowing
for
the
highest
level
of
ROI
in
the
industry.
Please
give
it
a
try.

Users
can
get
their
promotion
code
here:


https://www.bunzz.dev/audit

About
Bunzz

Bunzz
is
a
leading
company
in
Web3×LLM,
operating
Asia’s
largest
DApps
development
infrastructure.
We
develop
and
provide
various
Web3
infrastructures
and
services
aimed
at
realizing
“smart
contracts
as
a
public
good.”

Shareholders:
Arriba
Studio,
Coincheck
Labs,
DG
Daiwa
Ventures,
gmjp,
East
Ventures,
GMO
AI
&Web3,
GREE
Ventures, Hyperithm,
Kotaro
Tamura,
Kazutaka
Mori,
mint,
SPIRAL
VENTURES,
01Booster
Capital,
Ceres

For
more
information:

Bunzz
Blog
|

Twitter(X)
|

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|

Youtube
|

Linkedin
|

Luma

Bunzz
Projects

Contact

Devrel
Manager
Trust
Oyafemi
Bunzz
[email protected]