Quantstamp Audits Kakao's Blockchain Platform Klaytn

July 9, 2019
Quantstamp Announcements

Quantstamp, a Y Combinator-backed blockchain security company, has completed its audit of smart contracts for Klaytn, the blockchain platform created by Kakao, the operator of South Korea’s dominant messaging platform KakaoTalk. Built by GroundX, a Kakao subsidiary, Klaytn is a business-centric blockchain platform designed for mass adoption.

“The biggest challenge facing blockchain applications today is user adoption,” notes Richard Ma, CEO of Quantstamp. “With over 90% market penetration in Korea and 40 million monthly active users, Kakao is well-positioned to bring blockchain to a large and active user base. “

With the belief that businesses will drive mass adoption of blockchain technology, Klaytn is designed to address all the roadblocks hindering blockchain adoption today. To ease development, it provides a strong developer experience through its familiar use of Solidity, a development environment and supporting tooling. For enterprises it provides the transparency and integrity of blockchain technology with the performance and reliability needed for business applications. For users, the Klaytn platform provides means to simplify account creation and management, private key safekeeping and wallet provisioning and setup, as well as UX guidelines and references for developers to create easy to use interfaces. 

“With Klaytn we have the technology and business partners that we think really can scale and serve a massive new userbase,” says, Junsic Youn, Lead of Product Management at GroundX. “With the scale of this project, the stakes were high and we wanted to make sure it was safe to deploy. Quantstamp has a good reputation for thorough audits. Their professional process and experience in the field led us to choose them to ensure the security of the Klaytn blockchain platform.” 

Get an Audit with Quantstamp

Interested in receiving a Quantstamp audit or other service? The best crypto native companies trust Quantstamp to audit their products including Chainlink, OmiseGO and Binance. Learn more here.

Read More about Quantstamp

Recently we've joined a Binance Charity Initiative, released a new version of our Security Network, released the world's first book on smart contract security, and expanded to Japan.

Don’t miss out on the latest from Quantstamp. Follow us on Facebook, check us out on Twitter, join the conversation on Reddit, Subscribe to our Youtube, Subscribe to our Newsletter, or find us on LinkedIn.

Quantstamp Announcements
July 9, 2019

Quantstamp, a Y Combinator-backed blockchain security company, has completed its audit of smart contracts for Klaytn, the blockchain platform created by Kakao, the operator of South Korea’s dominant messaging platform KakaoTalk. Built by GroundX, a Kakao subsidiary, Klaytn is a business-centric blockchain platform designed for mass adoption.

“The biggest challenge facing blockchain applications today is user adoption,” notes Richard Ma, CEO of Quantstamp. “With over 90% market penetration in Korea and 40 million monthly active users, Kakao is well-positioned to bring blockchain to a large and active user base. “

With the belief that businesses will drive mass adoption of blockchain technology, Klaytn is designed to address all the roadblocks hindering blockchain adoption today. To ease development, it provides a strong developer experience through its familiar use of Solidity, a development environment and supporting tooling. For enterprises it provides the transparency and integrity of blockchain technology with the performance and reliability needed for business applications. For users, the Klaytn platform provides means to simplify account creation and management, private key safekeeping and wallet provisioning and setup, as well as UX guidelines and references for developers to create easy to use interfaces. 

“With Klaytn we have the technology and business partners that we think really can scale and serve a massive new userbase,” says, Junsic Youn, Lead of Product Management at GroundX. “With the scale of this project, the stakes were high and we wanted to make sure it was safe to deploy. Quantstamp has a good reputation for thorough audits. Their professional process and experience in the field led us to choose them to ensure the security of the Klaytn blockchain platform.” 

Get an Audit with Quantstamp

Interested in receiving a Quantstamp audit or other service? The best crypto native companies trust Quantstamp to audit their products including Chainlink, OmiseGO and Binance. Learn more here.

Read More about Quantstamp

Recently we've joined a Binance Charity Initiative, released a new version of our Security Network, released the world's first book on smart contract security, and expanded to Japan.

Don’t miss out on the latest from Quantstamp. Follow us on Facebook, check us out on Twitter, join the conversation on Reddit, Subscribe to our Youtube, Subscribe to our Newsletter, or find us on LinkedIn.

Quantstamp Announcements

When AI Meets Blockchain: A Guide to Securing the Next Frontier

In recent months, AI agents have attracted significant attention by the promise of assisting users and automating complex processes across diverse applications. The rapid performance improvements of Large Language Models (LLMs) in natural language processing (NLP) tasks drive this trend. However, as the capabilities and reach of these agents expand, so do the risks. The rapid pace of development, combined with the intricacies of integrating LLMs into real-world infrastructures—especially in dynamic fields like blockchain—has created an urgent need to scrutinize them for security, compliance, and operational integrity.

Read more
Quantstamp Announcements

Monthly Hacks Roundup: April 2024

April was a hectic month for the web3 security landscape, including significant rug pulls and security hacks totaling over $103 million in losses. Read on as we dive into three major security incidents and some of the trends from last month.

Read more
Quantstamp Announcements

Monthly Hacks Roundup: March 2024

March was a volatile month for the web3 security landscape, with significant security breaches totalling over $152 million in losses. Read on as we dive into four major security incidents and the trends from last month 👇

Read more