AI-based smart contract audit company ‘Bunzz Audit’ officially launched

adminApril 9, 2024

Singapore, Singapore, April 9, 2024, Chainwire

Comprehensive security inspections are now possible at just 10% of the original cost.
Pricing and reporting are 10x faster and cheaper than traditional companies.
This company is optimized for projects where “you want to do a contract audit but have a limited budget” and “you want to conduct an initial audit during the development phase.”

Bunzz, a Singapore-based web3×AI technology startup, has launched “Bunzz Audit”, an AI-based smart contract audit service. The service uses AI to scan contracts from more than 100 perspectives, providing fast, cost-effective audits with actionable insights to improve security, and an extensive database.

Overcoming the challenges of auditing traditional smart contracts in blockchain projects

Blockchain-related projects trade users’ assets on-chain, and the smart contracts that govern this logic are at risk of attack. As a countermeasure, a ‘smart contract audit’ is being implemented, but users of existing major audit firms are facing the following difficulties.

The costs of traditional audit firms are very high (ranging from $10,000 to $1 million).
Emphasizing the ‘seal of approval’ of a major audit firm makes the original goal of ‘enhancing security’ a simple formality.
Engaging an audit firm may delay your product launch or token listing due to the time it takes for the audit.
Depending on the audit firm’s manpower, the accuracy of the report and communication costs may be unstable.

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

Burns received a lot of positive responses from the open beta version in January of this year, and has now officially released ‘Bunzz Audit’ as an official version.

Product page: https://www.bunzz.dev/audit

The Importance of Using AI for Smart Contract Auditing

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

Vulnerabilities are detected by comparing customer contracts to previously identified vulnerability patterns.
Detect vulnerabilities derived from project-specific logical or operational inconsistencies.

The first task usually involves someone reviewing the source code to check for vulnerabilities in the smart contract. However, due to gaps in auditors’ knowledge of vulnerability patterns and their ability to detect them, oversight due to human error is now a problem.

In this regard, Thanks Bunzz We own a database of previously discovered vulnerability patterns and adopt an auditing methodology that scans code from more than 100 perspectives. This approach allows comprehensive coverage and accurate, unmissable vulnerability identification that is physically impossible for humans.

As a result of research and development, Bunzz believes that a database + AI approach is more suitable than a human approach to detect vulnerability patterns, as in the first task.

Regarding the second task of detecting vulnerabilities related to the project logic, this is not addressed by the above approach, but by optional professional auditors from the Bunzz Audit team. Customers can choose between two types of audits: One reviews only the code, and the other is a comprehensive audit that includes both code and project-specific logic.

Bunzz is currently giving out a promo code for Bunzz Audit.

Bunzz is currently giving away a free 10% discount promo code. Using this code, Audit is available for 1,791 USD.. Fees remain constant regardless of the amount of source code or level of vulnerabilities discovered, resulting in industry-leading ROI. Give it a try.

Users can get the promo code here. https://www.bunzz.dev/audit

About Burns

Bunzz is a leading Web3×LLM company that operates Asia’s largest DApps development infrastructure. We develop and provide various Web3 infrastructure and services with the goal of realizing “smart contracts as public goods.”

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

buzz project