The recent frequent blockchain security incidents tell us that this is a blue ocean market worthy of attention.
Before EOS was pointed out by 360 that there were high-risk vulnerabilities, BTG was attacked by double spending, and BEC smart contracts had major vulnerabilities; . Such a large Internet security company as 360 began to pay attention to the loopholes of a public chain, which undoubtedly brought out the huge influence of the blockchain and the EOS network.
It is learned that the blockchain security company "Warp Future" has completed its first round of financing years ago, and the investors include Baidu Ventures, Xue Manzi, and Shengshan Capital. Founder CEO Hou Xinjie said that the financing is mainly invested in product research and development.
Warp Future Artificial Intelligence Technology (Guangzhou) Co., Ltd. is a technology provider focusing on blockchain security. Warp Future is committed to providing security technology solutions for blockchain enterprises through artificial intelligence technology.
Hou Xinjie, CEO of Warp Speed Future, told Cointelegraph that the myth of getting rich overnight in the currency circle has attracted a large number of illegal industries. Today's black production has also achieved rapid technological progress in the game of "the height of the road is one foot, and the height of the devil is one foot". The black industry can also use AI technology to attack.
Hou Xinjie believes: "The vast majority of business risks in blockchain companies today cannot be resolved through traditional security technologies. The use of traditional confrontation defense mechanisms has become useless in blockchain security, and the development of new security confrontation technologies depends on artificial intelligence. Application in the security field." He said that the main direction of Warp Speed in the future is to use AI + security to provide targeted security solutions based on the actual needs of enterprises.
Hou Xinjie said that in terms of blockchain security, Warp Speed is mainly facing security threats to blockchain networks, exchanges, wallets, airdrops, and ETH smart contracts. For example, contract logic loopholes, code loopholes; phishing attacks, account cracking, abnormal transactions, cross-platform hedging and arbitrage; batch account theft, cold wallet firmware key debugging; mining machines being stolen;
Hou Xinjie gave an example. Currently, there are cold wallets and hot wallets in the market. Hot wallets connected to the Internet will worry about being phished. Warp Speed will output an overall technical solution in the future; hardware reinforcement services will also be provided for cold wallets. At present, for some offline Android wallets, once the entity is stolen, the attacker can still pry open the hardware and directly steal the private key through debugging. The chip-level firmware security solution provided by Warp Future can avoid the above situation, and at the same time, it does not need to make changes to the IC (integrated circuit), and can be adapted to the existing chip solution. "We are equivalent to adding an operating software at the underlying chip level. If someone maliciously debugs it, it will be burned directly and you will not be allowed to get it. The user's private key can be printed out before, and there is an encrypted place."
In the direction of To C, Warp Future plans to adopt the B2B2C model. The company is already preparing to launch a blockchain mobile phone housekeeper, similar to the "Mobile Phone 360 Security Guard" product. In addition to basic security monitoring for users' mobile phones, this mobile phone manager will also cooperate with exchanges/wallets/candy distribution companies, including two-factor authentication, digital signature system, independent key verification, etc. For example, once someone tampers or hijacks the website/APP of an exchange, the blockchain mobile phone manager will remind users of the security risks they face.
Warp's blockchain mobile phone manager is scheduled to go online in two months, and has already cooperated with more than ten exchanges.
The investor Baidu Ventures stated that Baidu Ventures' strategy is to invest in the combination of AI and various industries, and AI-driven security is our focus.
Xue Manzi, the investor, said that his blockchain investment experience made him realize that the security issue of the blockchain may become a major issue in the blockchain industry. Faced with the frequently disclosed attacks on the blockchain and currency circles in recent months, it not only confirmed my conjecture, but also directly detonated the topic of "who will protect the security of the blockchain".
Hou Xinjie revealed that Warp Future's next round of financing is mainly for investment institutions that are deeply involved in the blockchain industry. Hou Xinjie, CEO of Warp Speed Future, joined Alibaba Group in 2007 as the No. 4 employee of the security center and a founding member of Alibaba Cloud; Head of Fraud Technology. Warp Future's founding core founding team comes from Alibaba Group Security Center, Ant Financial Security Center, Alibaba Cloud Cloud Shield, Venusstar, NetEase Yidun, HSBC Bank and other enterprises.
I am Lu Xiaoming, editor of Odaily. I am exploring the real blockchain. Please add WeChat lohiuming for breaking news and communication. Please note your name, unit, position and reason.
