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Top 10 Blockchain Auditing Companies

blockchain auditing companies

The blockchain industry is expected to grow and hit a value of $163 billion by 2029. With such growth will also come the ever-increasing need for ensuring the protection of blockchain applications. In comes blockchain auditing companies.

This article will list some of the best blockchain auditing companies, the steps in blockchain auditing, and the features to look out for in a great auditing tool!

Best 10 Blockchain Security Testing Companies

  1. Astra Pentest
  2. Hacken
  3. Trail Of Bits
  4. Quantstamp
  5. PeckShield
  6. Slowmist
  7. Certik
  8. OpenZeppellin
  9. Consensys Diligence
  10. Armors

Top 10 Blockchain Auditing Companies

1. Astra Pentest

Features:

Astra Pentest is one of the best blockchain security companies that also provides manual and automated pentest services. Its services can be carried out not just for blockchain, but websites, mobile applications, cloud, networks, and APIs. 

Astra Vulnerability Scanner

Astra vulnerability scanner uses NIST and OWASP methodologies to give a brief scan of your system.

The scanner also provides continuous scanning facilities with its comprehensive scanner that is capable of conducting more the 3000 tests to find any and every hidden vulnerability.

It offers deep scans for web applications, APIs, networks, mobile applications, and cloud infrastructure at a cost.

Regular Penetration Tests

Astra Pentest also provides hacker-style automated and manual pentests which are performed by security experts. Continuous penetration tests help identify and exploit the vulnerabilities found through vulnerability scans. This helps organizations gain an in-depth understanding of how an actual hack would affect their systems, network, and data. 

Detailed Reports

Once the vulnerability scanning is completed a report is generated which includes the scope of testing, a list of vulnerabilities found, their details, and possible remediation measures. 

It also mentions its CVSS score and Astra goes a step further by providing customers with an actionable vulnerability risk score based on which critical vulnerabilities can be prioritized.

Intuitive Dashboard (CXO friendly)

Astra Pentest boasts a CXO-friendly dashboard that is super easy to navigate. It displays the vulnerabilities as and when they are found. 

Members of the development team can be added to the dashboard to collaborate with pentesters for quicker vulnerability resolution. 

The dashboard also offers the option to comment under each vulnerability so that the development team can clear queries quickly.

CI/CD Integrations

Astra offers CI/CD integration services for organizations. This helps companies move from DevOps To DevSecOps, thus giving more priority to security within every phase of a project’s development. It offers integrations with Slack, GitHub, and GitLab to name a few. 

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Compliance-specific Scans

Astra offers the option to scan for specific compliances required by your organization. It provides a compliance-specific dashboard where you can opt for the specific compliance to scan for. 

Once the scan is complete the results reveal the areas of non-compliance. Compliance-specific scans provided by Astra include PCI-DSS, HIPAA, SOC2, ISO 27001, and GDPR. 

Remediation Support

Once vulnerability scanning with Astra is complete Astra also provides detailed steps for remediation based on risk prioritization. This is done with the aid of POC videos and collaboration within the vulnerability dashboard.

Pros

Cons

2. Hacken

Features:

Founded in 2017 by security specialists and white hat hackers, Hacken is a company that provides services to help make sure your cybersecurity is up to par. 

They dedicate themselves to educating people about ethical hacking so that more people can join the community and prevent future cyberattacks.

Hacken has launched several products, including the Hackenproof BugBounty platform with over 10,000 ethical hackers. In total, they have over 700 projects in their portfolio which are valued at around $100B altogether.

Additionally, they continue to invest in blockchain security ecosystem development – such as their $1.5M investment in Cer.live – while also launching other internal projects like hVPN and hPass.

Pros 

Cons

3. Trail of Bits

Features:

Since 2012, Trail of Bits has been a leading cybersecurity firm, with an extensive client list that includes Adobe, Microsoft, Stripe, Reddit, and more. 

The company provides security audits for blockchain, software hardening, infrastructure security, threat modeling, and cryptographic review under its Software Assurance umbrella. 

At Trail of Bits, the staff doesn’t just focus on blockchain security – they also create tools to help developers and researchers identify and fix crucial vulnerabilities. Some other notable tools they offer are Ethersplay, Slither, and Echidna.

Pros

Cons

4. Quantstamp

Features:

Quantstamp is globally renowned for its smart contract auditing, which has secured over $200B in value. Selected from a pool of tech giants such as Google, Facebook, Apple, and the Ethereum Foundation– their team of experienced PhDs and security professionals is the best in the industry.

Quantstamp employs security experts who can audit blockchains in any language, including languages designed for use with blockchain applications. In addition to this, they also develop financial backer services for ecosystems included in Layer 1 blockchains. 

The company specializes in auditing various systems and protocols, such as Ethereum 2.0, Solana, BNB Chain, Cardano Maker, Curve, and OpenSea – just to name a few.

Pros

Cons

5. PeckShield

Features:

PeckShield, is a China-based security and audit firm with international team members. The company made a name for itself in 2018 when it uncovered issues such as BatchOverflow within Ethereum smart contracts. 

The company’s success is due to the variety of blockchain technology experiences its team offers. So far, the company has

Through its various services threat monitoring, DAppTotal and CoinHolmes – the firm seeks to provide end-to-end protection for all blockchain users. The firm also keeps the public informed by tweeting regular updates on the latest news loan exploits, rugs etc.

Pros 

Cons

6. Slowmist

Features:

SlowMist is a blockchain security firm founded in 2018. The professionals at SlowMist have more than a decade of experience in network security and helping to secure some of the world’s most influential cryptocurrency exchanges, such as Binance, OKX, Huobi, Pancakeswap, and Crypto.com.

In addition to security audits and other services, SlowMist also offers a variety of products related to security, including MistTrack (a cryptocurrency tracker), Anti-money laundering (AML) software, Vulpush (vulnerability monitoring), and SlowMist Hacked (crypto hack archives). The firm has partnered with various international and domestic 

Pros 

Cons

7. Certik

Features:

CertiK is a blockchain security company that was founded in 2018 by professors from Columbia and Yale. What sets CertiK apart is its use of formal verification and AI technology to provide end-to-end security audits for smart contracts.

By combining these two forms of verification, they can mathematically validate the safety of smart contracts – something that other companies have yet to perfect. In addition, the organization has established “CertiK Chain”, a blockchain that is security-centered and developed to upgrade the safety of smart contracts. 

CertiK claims to have examined above 1,800 projects and assessed more than $278B in total market capitalization valuation. 

Pros

Cons

8. OpenZeppelin

Features:

OpenZeppelin touts itself as “the standard for secure blockchain applications.” As a cybersecurity technology and services company, OpenZeppelin is best known for its Solidity libraries, referred to as OpenZeppelin Contracts.

Developers can easily integrate OpenZeppelin’s libraries into their existing applications using the SDK. OpenZeppelin was one of the first companies to make contract auditing and cybersecurity more comprehensive. 

Their “Ethernaut” game tests gamers’ ability to find vulnerabilities in smart contracts so they can advance to harder levels. They also provide a number of free services, like “Defender,” which helps projects automate their contract administration by creating automated scripts for things like secure and private transaction infrastructure.

Pros 

Cons

9. Consensys Diligence

Features:

Consensys is dedicated to creating innovative blockchain applications and software for the Ethereum network. ConsenSys’ Diligence cybersecurity product performs detailed security analyses of smart contracts so that projects can deploy their Ethereum application without worry.

The company has a combination of blockchain security analysis tools and experienced smart contract auditors that work together to achieve its goal.

It has been successful in protecting more than 100 blockchain companies and uncovering over 200 issues. Some of the projects that have utilized the firm’s services include 0x exchange, Aave, Balancer, and Uniswap.

Pros

Cons

10. Armors

Features:

Armors was founded in 2017, and engaged in the implementation of a technological analysis of blockchain security.

 It has partnerships with exchanges such as OKEX, Binance, Bybit, Huobi, Bitfinex, Kucoin, MXC, Bibox, etc., to provide code audit services to its partners.

Armors is also partnered with other services such as Polygon, Solana, and Ethereum.

Pros

Provides security audit, penetration testing, cross-chain migration.

It also provides platform security for over 2,000 blockchain applications

Cons

Steps In Blockchain Auditing

Blockchain auditing involves the following steps. 

1. Scope of Testing

Always define your audit goals before you start with the process. A broad goal of a security audit, blockchain or else, is to identify security risks in your system, network, and tech stack. 

You can also narrow down the scope of testing to several smaller goals pertaining to different security areas and your specific needs. Also, define the action plan that ought to follow the security audit.

2. Detection And Identification Of Vulnerabilities

The next step is to review the code of the blockchain system or smart contract. This involves analyzing the code structure, logic, and flow to identify potential vulnerabilities or weaknesses. Manual code review and automated tools such as static analysis can be used to perform this step.

3. Exploitation

Once the code has been reviewed, it needs to be tested to identify any potential vulnerabilities or weaknesses. This can include unit testing, integration testing, and stress testing, among others.

4. Reporting

Finally, the results of the blockchain audit need to be compiled into a detailed report that identifies potential security risks and vulnerabilities and provides recommendations for addressing these issues. This report should be shared with stakeholders, including the development team and any relevant regulatory bodies.

5. Remediation

Based on the findings in the reporting the developers collaborate with the testers to ensure that the vulnerabilities are remediated as quickly and efficiently as possible. 

Factors In Choosing The Right Blockchain Auditing Company

Here are some factors to consider when choosing a blockchain auditing company:

Expertise

One of the most important factors to consider when choosing a blockchain auditing company is its expertise. Look for a company that has experience in auditing blockchain systems and smart contracts, and has a team of cybersecurity professionals with expertise in various areas such as cryptography, network security, and software engineering.

Reputation

It’s also important to consider the reputation of the blockchain auditing company. Look for a company that has a strong reputation in the industry and has worked with other reputable clients. You can check reviews and testimonials from previous clients to get an idea of their experience working with the company.

Blockchain Coverage

Consider the range of blockchain platforms that the auditing company can audit. Some companies specialize in auditing specific blockchain platforms such as Ethereum, while others may be able to audit a wider range of platforms.

Transparency

Look for a company that has a transparent auditing process and methodology. The auditing company should provide detailed reports and findings to their clients and be open to answering any questions you may have about their process.

Cost

Cost is also an important factor to consider when choosing a blockchain auditing company. Look for a company that offers flexible pricing options based on the scope and complexity of the project, and consider your budget when making a decision.

Customer support

Finally, consider the level of customer support that the auditing company provides. Look for a company that is responsive and easy to communicate with, and provides ongoing support throughout the auditing process and beyond.

Conclusion

Securing your blockchain applications is a critical task that should not be taken lightly. With the right blockchain security services, you can uncover and address potential vulnerabilities before they can be exploited. Secure your blockchain applications today and experience zero worries for tomorrow. 

FAQs

What are the best companies for blockchain auditing?

Blockchain auditing is provided by some of the top companies like Astra Security, Hacken, Trail of Bits, and more.

What are the benefits of blockchain auditing?

Blockchain auditing helps analyze and verify digital blockchain-based assets like smart contracts for any possible vulnerabilities.

How long does a blockchain audit take?

Based on the size of the assets and the team involved, blockchain audits can take anywhere from 2 to 15 days.

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