Why Digital Auditing is Important for Blockchain Development

The blockchain is the latest in a long line of digital products being developed for use in the global business arena and designing and building is a complex operation that demands excellence from a team of developers.

What is digital auditing?

Digital auditing is a comprehensive assessment of a digital product, it also refers to evaluating a business’s digital profile. In terms of blockchain, digital auditing includes the following.

• Extensive Manual Code Review – A complete review of manual code.
• Vulnerability Analysis – To identify potential security issues.
• Offensive Testing – Preventative testing whereby ethical hackers try to penetrate the defenses.
• Development Revisions – Giving feedback for improvements.
• Final Analysis and Report – A detailed report that covers every aspect of the project.

Large projects use smart contract auditing services from an award-winning US company with a great reputation in the industry. 

External Credibility

Having the blockchain audited by a top organization definitely gives you credibility, which is a valuable asset, especially in this highly competitive sector. High-end auditing reassures all stakeholders that the foundation is sound and that reflects within the digital community. 

Protecting valuable digital assets

It makes total sense to use the highest level of cyber-protection; your blockchain will steadily grow in value and with the best security, you can focus on other important aspects of your organization. Building a secure foundation ensures that your network grows without the risk of hackers. Click here for an informative blog on cloud-based network solutions.

Insights and recommendations

One of the top benefits of contract auditing is that it often reveals opportunities to improve the network, while a team of experts can offer a few recommendations, for now and for the future. Many heads working in the same direction can find ways to improve your system, which is great for the future.

Cutting-edge tools

The digital auditing team use cutting-edge tools, such as:

• Reentrancy attacks – Malicious contracts are always looking to repeat attacks.
• Integer overflow/underflow – Investigating how computers store numbers with reference to manipulating balances.
• Looking for logic errors – These can derail a project, which can lead to serious consequences.
• Access control – This investigates who has access to what data and also looks closely at the mechanisms that allow access.
• DoS attacks – Denial of Services attacks result from network vulnerabilities and a team of specialists can prevent DoS attacks.

A blockchain project is complex and as the network develops, you need to have an unbiased audit to get a professional opinion on every aspect of the project. If you would like to learn more about smart contract auditing, Google can take you to a leading US developer that offers this service. 

Protecting your network

Smart contract auditing protects your valuable blockchain by mitigating financial risk, preventing potential attacks that could have a serious cost. You will experience a higher level of end-user confidence because you have gone to the trouble of having the network audited. 

Talk to the best and see what they can do for your blockchain! You won’t be disappointed.