COTI partners with Hacken to enhance Web3 security, integrating advanced privacy technology with robust auditing solutions for safer decentralized applications.
COTI has announced a strategic partnership with Hacken, a leading blockchain cybersecurity firm, aimed at integrating advanced privacy technology with robust security solutions. This collaboration is set to elevate the standards of Web3 security, ensuring safer environments for decentralized applications.
COTI, known for its innovative privacy layer based on a fast implementation of garbled circuits, is excited to collaborate with Hacken. This partnership will leverage Hacken’s extensive experience in blockchain security, which spans over seven years and includes more than a thousand blockchain projects.
Hacken is recognized for its contributions to securing major platforms and protocols in the crypto space, safeguarding tens of billions of dollars in digital assets. The integration of COTI’s privacy technology with Hacken’s auditing capabilities aims to set a new standard for secure, privacy-preserving blockchain solutions.
COTI’s privacy technology is designed to protect against common security threats in the Web3 landscape. The collaboration will not only help prevent security breaches but also assist organizations in navigating the complex regulatory environment. This is particularly crucial in regions where privacy is constitutionally protected.
Bryn Bennett, Business Development Manager at Hacken, emphasized the importance of this partnership:
“By combining COTI’s innovative encryption with Hacken’s expertise in smart contract audits, we’re setting a new standard for secure, privacy-preserving blockchain solutions.”
As part of this partnership, Hacken will provide discounted services to the COTI builders community. This initiative aims to ensure that new applications launched on the COTI network adhere to best practices for Web3 security. The benefits include:
The collaboration between COTI and Hacken is expected to unlock new use cases for privacy technology across various sectors, including decentralized finance (DeFi), artificial intelligence, and decentralized identification. COTI is already recognized as a leading solution for data protection on public blockchains, performing significantly faster than its competitors.
To foster innovation, COTI has launched the largest grants program in the privacy space, encouraging developers to explore the potential of privacy-centric solutions. The partnership with Hacken is a significant step towards creating a safer and more secure Web3 ecosystem, paving the way for future advancements in blockchain technology.
In conclusion, the partnership between COTI and Hacken marks a pivotal moment in the evolution of Web3 security, combining cutting-edge privacy technology with expert auditing services to create a more secure environment for decentralized applications.
