Smart Contract Solutions (SCS) a technology firm in the blockchain industry, providing consulting, security audits, development and escrow services for organizations announced today the launch of Zeppelin Escrow & Key Management Services. SCS is the creator and main contributor of Zeppelin, the standard framework for secure smart contract development.
Zeppelin Escrow & Key Management Services developed a secure process for storing and recovering keys using a combination of multi-factor authentication, private key segmentation, and offline (air-gapped) storage. As Escrow Partners, Smart Contract Solutions will hold the keys to a multi-signature wallet for incoming funds, and sign transactions when needed.
Supported platforms and key formats are Bitcoin, Ethereum, Ethereum Classic, RSK, and DFINITY.
The Escrow & Key Management service goes beyond projects doing crowd sales to any businesses that want to rest assured that their money is safe and available.
Project lead at Zeppelin, CEO at Smart Contract Solutions said:
“If we can’t make sure transactions are sent as intended and funds are stored securely, the blockchain economy we are all dreaming and building will not happen. Given the security expertise gained by developing the Zeppelin framework, we’ve been approached by many projects for reviewing their crowdsale’s smart contracts. We’ve performed security audits to Golem, DFINITY, Cosmos, and Ethercamp, among others. Over $20m have been raised by projects using our audited smart contracts.”
“Besides ensuring their smart contracts’ integrity, we realized projects were also looking for ways to keep their raised funds safe. Fund security is a big liability every project has to mitigate in order to protect their investors’ money and ensure its continuity, no matter what. The best way to mitigate this risk is to partner with a third party that holds the keys to the multi-signature wallet holding the crowdsale funds.”
Discussion about this post