Ethereum Smart Contact Audit

Money and crime have always gone hand in hand.
The digital world is no different. Smart Contract Audit is a process of validating functionality of a smart contract and to find a security loopholes of Smart Contracts and correct them. Smart Contract Audit is for everyone who is dealing with smart contracts, either you have an ICO, STO, fintech, Games or any Dapp solution, Save yourself the embarrassment, and get your Ethereum Smart Contract audited with Baseel.

WHAT IS AN ETHEREUM SMART CONTRACT?

A smart contract is a kind of program that runs on Ethereum. It is set in such a way that at some future date, it will validate that all conditions have been met. These conditions are stored on the blockchain, which means someone cannot just deny or delete the existence of the contract. This creates a degree of immutability that was previously difficult to achieve without a third party such as a lawyer or bank.

Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. Hence, the security of these contracts holds utmost importance.

THE ETHEREUM SMART CONTRACT AUDIT PROCESS

Any project in blockchain space building Token Contracts/Crowdsale, DeFi Projects, dApps, and Blockchain wallets need expertise in conducting smart contract auditing. Take leverage of experienced team in auditing your complex contracts. Baseel ltd offers complete solutions to analyze and identify any flaws on the Smart Contract code. Our platform allows us to automate part of the audit process and provide you a final assessed report.

1. REVIEW
2. PREPARATION
3. ANALYSIS
4. REPORTING

The process begins with a complete review of the smart contract, including a review of the contract code, and the complete background process that went into the making of the contract. We find faults in the business logic, discrepancies with the specification provided, and other flaws that could affect the functioning of the smart contract.

Next, a threat profile of the contract is prepared along with review plan that will be used to go about with the audit process. These include problems causing the locking the funds in the contract or percentile of referrals, bonuses, and so on that are being calculated wrongly.

The audit process begins with a hybrid approach. Initially, the static assessment of the contract is performed with the automated tools present for a complete smart contract audit. Thent he dynamic assessment begins at the component level and then moves up finally assessing the program as a whole where we identify and categorize them into high, medium, and low-risk issues.

After completing the evaluation, a detailed report of every vulnerability in the smart contract is provided in the final assessment report, along with recommendations to solve the issues and solutions to optimize the code.

WHY ETHEREUM SMART CONTRACT AUDIT WITH BASEEL ?

Baseel team understands the stakes that are involved when it comes to blockchains and smart contracts. Hence we provide a holistic audit using our static as well as dynamic assessment methods. We perform a deep review of the contract architecture and codebase, highlighting the changes needed for it to be 100% secure.

Baseel has been accredited with certifications such as CERT-in and ISO 27001. Baseel provides testing and reporting to support application security compliance against PCI, HIPAA, SOC type 1 and type 2 and other regulatory requirements. Our team of Smart Contract Auditors checks for vulnerabilities and violations present in the system by running test cases. Our Auditors also do manual testing to verify the code for its intentional use case out of which a thorough contract review is created to ensure a double-tier security posture.