AI-based smart contract auditing company “Bunzz Audit” has been officially launched by Chainwire


Singapore, Singapore, April 9, 2024, Chainwire

  • Comprehensive security controls are now possible for just 10% of traditional costs
  • Pricing and reporting is 10x faster and cheaper than traditional companies
  • This company is optimized for projects that “want to review contracts but have limited budgets” or “want to conduct an initial audit during the development phase.”

Bunzz, a Singapore-based web3×AI technology startup, launches “Bunzz Audit,” an AI-driven smart contract audit service that provides fast, cost-effective audits with actionable insights for security improvements, scanning contracts from over 100 The database offers perspectives using AI and comprehensive analysis.

Addressing the challenges of traditional smart contract audits in blockchain projects

Blockchain-related projects trade users' assets on-chain, and the smart contracts that govern this logic are at risk of being attacked. “Smart Contract Audits (Audit)” are being carried out as a measure, but users of existing large auditing firms face the following challenges:

  • The cost of traditional accounting firms is very high (from $10,000 to $1 million).
  • The focus is on the “seal of approval” of large accounting firms, making the original goal of “improving security” a mere formality.
  • Hiring an audit firm may delay product launches or token listings due to the time required for audits.
  • The accuracy of reports and communication costs may be unstable depending on the audit firm's personnel.

To solve these problems, Bunzz, the smart contract development infrastructure, has researched and developed an AI-based auditing service called “Bunzz Audit”.

Bunzz received a lot of positive feedback in the open beta version in January this year and has now officially released “Bunzz Audit” as a formal release.

Product page:

The importance of using AI for smart contract audits

The tasks performed by auditing firms can be roughly classified as follows:

  • Comparing customer contracts with previously identified vulnerability patterns to identify vulnerabilities.
  • Identify vulnerabilities resulting from project-specific logic or operational inconsistencies.
  • The first task typically involves checking vulnerabilities in smart contracts by humans reviewing the source code. However, due to auditors' varying knowledge of vulnerability patterns and their detection capabilities, failures due to human error are a current problem.

    In this context Bunzz audit has a database of previously discovered vulnerability patterns and uses an inspection methodology that scans code from over 100 perspectives. This approach enables comprehensive coverage and accurate, omission-free identification of vulnerabilities, which is physically impossible for humans.

    From the results obtained through research and development Bunzz believes that for identifying vulnerability patterns like the first task, a database and AI approach is better than a human approach.

    As for the second task, the detection of vulnerabilities related to the logic of a project, this is not addressed through the above approach, but by professional auditors from the Bunzz Audit team (optional). Customers can choose between two types of audits: one that only reviews the code and another comprehensive audit that includes both the code and project-specific logic.

    Bunzz is currently distributing a promotional code for Bunzz Audit

    Bunzz is currently giving out a promotional code with a 10% discount for free. With this code Audits are available for $1,791. The fee remains constant regardless of the amount of source code or the level of vulnerabilities found, enabling the highest ROI in the industry. Please try it.

    Users can get their promo code here:

    About Bunzz

    Bunzz is a leading Web3×LLM company and operates Asia's largest DApps development infrastructure. We develop and offer various Web3 infrastructures and services aimed at realizing “smart contracts as a public good”.

    Shareholders: Arriba Studio, Coincheck Labs, DG Daiwa Ventures, gmjp, East Ventures, GMO AI &Web3, GREE Ventures, Hyperithm, Kotaro Tamura, Kazutaka Mori, mint, SPIRAL VENTURES, 01Booster Capital, Ceres

    More information: Bunzz Blog | Twitter(X) | discord | Youtube | Linkedin | Luma

    Bunzz Projects

    • Bunzz Audit | AI based accounting firm
    • Smart Contract Hub | A platform for sharing smart contracts
    • Decrypt | “Read me” for all contracts
    • Bunzz for Business | Providing level 1 technical resources to Japanese companies

    ContactDevrel managerTrust OyafemiBunzz[email protected]

    This article was originally published on Chainwire


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