Quantstamp Wins First Place at Smart Dubai Global Blockchain Challenge

Quantstamp Announcements
April 9, 2019

Quantstamp, a Y Combinator-backed blockchain security company, won first place at the Smart Dubai Global Blockchain Challenge 2019. Organized by Smart Dubai and Dubai Future Accelerators, the Smart Dubai Global Blockchain Challenge is part of the government’s Blockchain Strategy 2020, where blockchain will be used to enhance the quality of life of its citizens.

Smart Dubai is a government office running seven key initiatives in order to make Dubai “...the happiest city on earth through technology innovation.” One of these initiatives is the Dubai Blockchain Strategy, which aims to cement Dubai’s reputation as a global leader in technology innovation and the smart economy. The Dubai Blockchain Strategy also aims to make Dubai the first blockchain-powered city by 2020 and the global capital of blockchain technology.

The core goals of the Dubai Blockchain Strategy include:


The United Arab Emirates, the national government, also has an aggressive blockchain strategy. By 2021, the UAE aims to record over 50% of government transactions using blockchain technology. 

“The United Arab Emirates and the city of Dubai are pioneering the use of blockchain technology to make concrete improvements in the lives of their citizens,” said Richard Ma, CEO of Quantstamp. “Now that Quantstamp has won the Smart Dubai Blockchain Challenge, we will actively engage with our new network in the UAE in an effort to ensure that Quantstamp plays an active role in the implementation and security of their blockchain strategy.”

As one of 20 shortlisted startups, Quantstamp flew to Dubai to pitch its blockchain solutions at the Future Blockchain Summit. In the process, Quantstamp met with investors, networked with government officials, and connected with potential customers.

In his presentation, Quantstamp Head of Business Don Ho discussed why Quantstamp is essential for the mainstream adoption of smart contracts and blockchain technology. Smart contracts act as the back end code of blockchain technology that power most blockchain applications.

Don Ho explained that, although smart contracts experienced exponential growth over the last two years, smart contract security still needs to be addressed. Over the same two year time period, over $350 million USD worth of cryptocurrency was either lost or stolen due to security vulnerabilities in smart contracts. If blockchain security is not addressed, economies will be unable to realize the potential growth enabled by blockchain technology.

Don Ho then described how Quantstamp aims to facilitate the proliferation of blockchain technology by developing decentralized tools and services that protect smart contracts throughout their entire lifecycle. Before smart contracts are published, Quantstamp also offers full-service white glove audits. Leading crypto-native companies like OmiseGO, Chainlink and Sharespost trust Quantstamp to address their security needs.  

Besides manual audits, Quantstamp also offers decentralized tools and services that enhance smart contract security post-deployment.


Stay up to date with Quantstamp by signing up for our newsletter at quantstamp.com, or following us on Twitter, YouTube, or Reddit.


Photo courtesy of Smart Dubai

Quantstamp Announcements
April 9, 2019

Quantstamp, a Y Combinator-backed blockchain security company, won first place at the Smart Dubai Global Blockchain Challenge 2019. Organized by Smart Dubai and Dubai Future Accelerators, the Smart Dubai Global Blockchain Challenge is part of the government’s Blockchain Strategy 2020, where blockchain will be used to enhance the quality of life of its citizens.

Smart Dubai is a government office running seven key initiatives in order to make Dubai “...the happiest city on earth through technology innovation.” One of these initiatives is the Dubai Blockchain Strategy, which aims to cement Dubai’s reputation as a global leader in technology innovation and the smart economy. The Dubai Blockchain Strategy also aims to make Dubai the first blockchain-powered city by 2020 and the global capital of blockchain technology.

The core goals of the Dubai Blockchain Strategy include:


The United Arab Emirates, the national government, also has an aggressive blockchain strategy. By 2021, the UAE aims to record over 50% of government transactions using blockchain technology. 

“The United Arab Emirates and the city of Dubai are pioneering the use of blockchain technology to make concrete improvements in the lives of their citizens,” said Richard Ma, CEO of Quantstamp. “Now that Quantstamp has won the Smart Dubai Blockchain Challenge, we will actively engage with our new network in the UAE in an effort to ensure that Quantstamp plays an active role in the implementation and security of their blockchain strategy.”

As one of 20 shortlisted startups, Quantstamp flew to Dubai to pitch its blockchain solutions at the Future Blockchain Summit. In the process, Quantstamp met with investors, networked with government officials, and connected with potential customers.

In his presentation, Quantstamp Head of Business Don Ho discussed why Quantstamp is essential for the mainstream adoption of smart contracts and blockchain technology. Smart contracts act as the back end code of blockchain technology that power most blockchain applications.

Don Ho explained that, although smart contracts experienced exponential growth over the last two years, smart contract security still needs to be addressed. Over the same two year time period, over $350 million USD worth of cryptocurrency was either lost or stolen due to security vulnerabilities in smart contracts. If blockchain security is not addressed, economies will be unable to realize the potential growth enabled by blockchain technology.

Don Ho then described how Quantstamp aims to facilitate the proliferation of blockchain technology by developing decentralized tools and services that protect smart contracts throughout their entire lifecycle. Before smart contracts are published, Quantstamp also offers full-service white glove audits. Leading crypto-native companies like OmiseGO, Chainlink and Sharespost trust Quantstamp to address their security needs.  

Besides manual audits, Quantstamp also offers decentralized tools and services that enhance smart contract security post-deployment.


Stay up to date with Quantstamp by signing up for our newsletter at quantstamp.com, or following us on Twitter, YouTube, or Reddit.


Photo courtesy of Smart Dubai

November 11, 2020

Quantstamp Community Update - October 2020

‍Audit of Ethereum 2.0 client Teku, blockchain insurance, Open DeFi, virtual events, and more media coverage... here’s what happened at Quantstamp in October.‍

November 5, 2020

Why Bitcoin is Capturing Enterprise Attention

MicroStrategy made headlines this summer as the first publicly-traded company to buy Bitcoin as part of its capital allocation strategy. Since then, other companies have followed suit. Learn how current economic conditions and the unique properties of Bitcoin have driven these decisions.

October 28, 2020

Formally Verifying Hedera Hashgraph's Stablecoin Framework

Quantstamp created and formally verified a specification for Hedera Hashgraph stablecoins. This simplifies the process of creating safe stablecoins and also makes easier for partners to safely integrate them.

October 27, 2020

Quantstamp Completes Audit of 2nd ETH 2.0 Implementation

Quantstamp has now completed its audit of Teku, the Ethereum 2.0 client developed by ConsenSys. Quantstamp also audited Prysm by Prysmatic Labs.