Quantstamp Community Update March 28, 2019

Quantstamp Announcements
March 27, 2019

Protocol progress, Japan expansion, HK Blockchain Week - it’s been a productive month at Quantstamp. Here’s what’s been going on:

Quantstamp Protocol Progress

We’re making good progress on a new interface for the Quantstamp Protocol. The new interface will be designed to make it much more straightforward and intuitive to scan smart contracts, while also providing live statistics on the Quantstamp Protocol network. Users should be able to see information such as auditing node stats and network events updated as available in real time.

Quantstamp Japan

We officially announced establishing our Japanese subsidiary Quantstamp Japan GK*. This establishment was assisted by investment from Nomura as well as Digital Garage Incubation. Through Quantstamp Japan GK, we aim to help Japanese startups and enterprises use secure blockchain technology.

News of our Japanese expansion was extremely well received by the media and was covered by Cointelegraph, CoinDesk, and many other leading publications.

* GK is a Japanese form of a Limited Liability Company

Fujitsu R&D Center Joined the Smart Contract Alliance

Also in March, we were happy to announce that Fujitsu R&D Center has joined the Smart Contract Security Alliance, a standards organization we co-founded. Dedicated to improving the professionalism of the smart contract security industry, the mission of the Smart Contract Security Alliance includes working with members to develop accepted standards for smart contract audits as well as secure smart contract development. Fujitsu R&D Center is a research arm of Fujitsu, the top IT services provider in Japan.

Fujitsu is actively researching blockchain technology. In March 2018, they developed software that detects potential vulnerabilities in Ethereum smart contracts and, in July 2017, the company increased the speed of Hyperledger transactions by 270% by improving the communication between blockchain applications and the underlying blockchain. We are pleased to have them join the alliance.

Hub Token Audit

We audited Hub Token, the token of the Human Trust Protocol. Founded by Eric Ly, co-founder of LinkedIn, Hub aims to create a reliable record of reputation for the internet. By decentralizing reputation and tying it to a record of verifiable interactions, Hub aims to create a self-sovereign, verifiable reputation record that users can carry from one platform to the next. As a protocol for trust, Hub has the potential to unlock a new layer of value for the internet. We’re happy to have audited Hub token.

In addition to having audited Hub Token, we are also in the process of auditing Financie. Founded by Hironao Kunimitsu, CEO of Gumi,  Financie is a “dream sharing service” which aims to act as a social crowdfunding platform. By connecting those who wish to raise funds for their dream projects with fans or supporters, it aims to allow people to achieve their goals and aspirations through the support of the community. With a public beta currently released in Japan, Financie plan to have a global release later this year.

YC Alumni Demo Day

Over a year ago, we were thrilled to be accepted into Y-Combinator, probably the most eminent startup accelerator in the world. Aaron Harris, a partner at Y-Combinator, had this to say about us:

“Quantstamp is solving a critical issue with smart contracts on the blockchain. Smart contracts are growing at an exponential rate and could become a billion dollar market, yet are vulnerable to hacks that prevent widespread adoption. At Y Combinator, we support big world-changing ideas, and are proud to support Quantstamp.”

In the space of our three-month tenure, we created a minimum viable product demo version of the Quantstamp Protocol which we showed at YC Demo Day. It was an incredibly fruitful and rewarding time for our team.

This year we also participated in YC but in a different way - as alumni. On YC Alumni Demo Day, we had a chance to give advice to the current Y-Combinator teams and enjoyed watching their presentations.

Unchained Live!

We were thrilled to sponsor the first Unchained Live! Event featuring Vitalik Buterin. You can view the recording of the event here.

Hosted by Laura Shin, Unchained is one of the most highly-regarded podcasts covering the blockchain industry. Laura interviews top crypto developers, projects, and influencers and covers their insight into current events and hot topics in the crypto-sphere.

Hong Kong Blockchain Week

In March, we flew to Hong Kong to participate in Hong Kong Blockchain Week. We spoke on the main stage in a panel with Hedera Hashgraph, discussing the importance of blockchain security to the ecosystem.

We also held a joint meetup with Crypto.com, a project we audited. Our CEO Richard Ma joined Crypto.com’s CEO Kris Marszalek in discussing mainstream adoption and security of cryptocurrency and blockchain technology.

Makers of the MCO Visa Card, which allows users to spend cryptocurrency and get cash back rewards, Crypto.com is now working on Crypto.com chain, a project that aims to make cryptocurrency payments easy and rewarding for both customers and merchants.

SharesPost Meetup

In early March, we hosted a joint meetup in Tokyo with SharePost, a securities marketplace which is also developing GLASS - a marketplace for digital securities. We talked about STOs and security market trends. With legislation on blockchain starting to come to fruition this year around the world, STOs have been a hot topic and we were glad to engage in the discussion along with SharesPost.

DC Blockchain Summit

As a member of the Chamber of Digital Commerce, we attended the DC Blockchain Summit. Held in partnership with Georgetown University’s Center for Financial Markets and Policy, the summit featured Congressional representatives as well as advisors to government officials. We’re proud to be part of the Chamber of Digital Commerce’s Executive Committee, alongside companies and projects such as MakerDAO, Cumberland Mining, and PwC.

Interested in working for us?

We are hiring for a variety of positions globally. Check out our careers page.

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Note: This update includes information and forward-looking statements about upcoming events and concepts under continuing development. Schedules, features, and functionality are subject to change or cancellation at any time, external dependencies, evolving regulatory frameworks, and/or factors beyond our control and you are not to place undue reliance on this information or any forward-looking statements.  FOR AVOIDANCE OF DOUBT, THIS CONTENT, INCLUDING ANY ASSOCIATED SERVICES OR MATERIALS, SHALL NOT BE CONSIDERED OR RELIED UPON AS ANY FORM OF FINANCIAL, INVESTMENT, TAX, LEGAL, REGULATORY, OR OTHER ADVICE.

March 31, 2020

Quantstamp Joins MyID Alliance

Quantstamp is proud to join the MyID Alliance, a Digital ID initiative by ICONLOOP. As the world moves towards more online and less face-to-face interactions, Digital ID will be a key enabling technology. 

March 24, 2020

Market Dynamics of the 1st bZx Hack: Flash Loans and the Insolvent Loan

In this series, we describe the market dynamics of the 1st bZx attack so we can avoid attacks with market manipulation components in the future.

March 13, 2020

Top 3 DeFi Trends

This post discusses how flash loans, zaps, and DeFi aggregators are leveraging composability in order to simplify the user experience and ultimately make DeFi markets hyper-efficient.

March 11, 2020

Bringing Bitcoin to DeFi

DeFi is blockchain’s first killer app, with assets locked up approaching $1 billion USD. But one major asset is missing: Bitcoin. Bitcoin is not only the first crypto asset, but the largest - with over $168 billion USD of Bitcoin in circulation it has deep pools of liquidity. It is one of the least volatile cryptocurrencies and has a large network of fiat on and off ramps. All these properties make it a great crypto-collateral. We think Bitcoin has the potential to transform the DeFi landscape as the most widespread and liquid asset available today.