TECHFUND and SolidityScan Collaborate to Enhance AI Security Audits

TECHFUND and SolidityScan: A New Era in AI Security Auditing

In a significant breakthrough in the landscape of Web3 security, TECHFUND has announced a strategic partnership with CredShields Technologies Pte. Ltd., integrating the advanced AI-driven security scanner, SolidityScan, with its own automated security audit tool, Hi AUDIT. The collaboration aims to expand Hi AUDIT's automatic vulnerability detection capabilities, now covering more than 700 types of vulnerabilities, following the OWASP standards. This development marks a major advancement in hybrid security automation, blending AI-driven analysis with human expertise.

The Context of the Update

As the Web3 ecosystem continues to expand, the inherent complexity of smart contracts demands a more sophisticated approach to vulnerability detection. Developers face the ongoing challenge of balancing rapid deployment with robust security. With a wealth of experience gathered from assisting numerous Web3 projects, TECHFUND sought to leverage its auditing expertise into the development of Hi AUDIT. The tool integrates a unique vulnerability database alongside several analytical engines, including Oyente and Mythril, utilizing static, dynamic, and formal verification testing methodologies to achieve a high-precision diagnostic foundation.

Through this partnership, TECHFUND has integrated SolidityScan's reputable security scanning technology into Hi AUDIT. The aim is to further improve diagnosis accuracy while reducing manual efforts in security assessments.

Collaboration Overview and Key Features

This update amalgamates SolidityScan’s AI-powered scanning technology with TECHFUND’s risk assessment engine, facilitating automatic detection of over 700 vulnerabilities. The main enhancements include:

1. Enhanced Diagnostic Accuracy

By merging AI analytics with TECHFUND’s proprietary rule set, Hi AUDIT can now identify nuanced defects common in Web3’s complex logic that traditional tools might overlook.

2. Optimization Tailored to Project Characteristics

Hi AUDIT adjusts its diagnostic patterns based on the specific type of project—be it DeFi, GameFi, or NFT—ensuring more accurate analyses that are contextually relevant.

3. Adherence to OWASP Standards

SolidityScan includes detectors that comply with the OWASP Smart Contract Security Top 10, ensuring enterprise-level audit integrity.

4. Practical Risk Evaluation

The tool automates realistic risk assessments based on insights gathered from extensive audits conducted by experts, considering real-world attack vectors and operational risks.

5. Reduced False Positives and Improved Efficiency

Through multi-layered AI analysis, unnecessary warnings are minimized, thereby increasing the reliability of reports. This empowers development teams to prioritize fixes efficiently.

Future Prospects

Looking ahead, TECHFUND is committed to advancing the hybrid security model that merges automated diagnostics with expert audits. By continuously incorporating newly discovered vulnerability data into Hi AUDIT, the tool evolves into a self-improving diagnostic ecosystem. Through this latest update, TECHFUND aspires to empower more Web3 projects to strengthen their security frameworks swiftly, accurately, and at lower costs, contributing to a safer and more resilient Web3 industry.

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Company Profiles

TECHFUND

- Founded: October 9, 2014
- Founders: Yuta Matsuyama, Piisuke Kawahara
- Business Focus: Managing programs for entrepreneurs, innovation programs for large corporations, developing and providing innovation management software, cybersecurity services.
- Website

CredShields Technologies Pte. Ltd.

- Founded: 2021
- Co-Founders: Shashank, Indranil Roy
- Business Focus: Providing cybersecurity tools and services for blockchain, achieving hybrid security diagnostics through automation and manual audit. Trusted by over 200 clients, executing more than 4 million scans.
- Website