COTI partners with Hacken to enhance Web3 security, integrating advanced privacy technology and offering discounted services to the COTI builders community.
COTI has announced a strategic partnership with Hacken, a leading blockchain cybersecurity firm, to integrate advanced privacy technology into Hacken's suite of Web3 security products. This collaboration aims to bolster security measures for applications launched on the COTI network, ensuring compliance and protection against potential breaches.
COTI is excited to collaborate with Hacken, a firm renowned for its expertise in blockchain security. With over seven years of experience and involvement in more than a thousand blockchain projects, Hacken is well-positioned to enhance the security landscape of Web3.
This partnership will leverage COTI’s innovative privacy layer, which utilizes a fast, lightweight implementation of garbled circuits. This technology is designed to provide decentralized confidential computing (DeCC), addressing common security concerns in the blockchain space.
COTI’s privacy technology is currently recognized as one of the most advanced solutions for data protection on public blockchains. It operates at speeds up to 3,000 times faster than leading competitors, facilitating broader enterprise adoption of open blockchain networks.
The collaboration with Hacken will not only help prevent security breaches but also assist Web3 organizations in navigating the complex regulatory landscape. As Bryn Bennett, Business Development Manager at Hacken, stated, “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.”
The partnership opens up a myriad of possibilities for privacy use cases, including:
COTI’s collaboration with Hacken extends its use cases into security and auditing, showcasing the versatility of its privacy-centric layer-2 technology across various sectors.
To foster innovation within the COTI ecosystem, the company has launched the largest grants program in the privacy space. Hacken will provide preferential rates for its suite of products to participants in the COTI Builders Program. This includes:
Participants will also benefit from Hacken’s extensive knowledge and expertise, enabling them to build secure products powered by COTI’s garbled circuits technology. This initiative aims to encourage the development of secure applications that prioritize user privacy.
In conclusion, the partnership between COTI and Hacken marks a significant step forward in enhancing Web3 security. By combining cutting-edge privacy technology with robust auditing capabilities, both companies are poised to set new standards in the blockchain space, paving the way for a safer and more compliant digital future.
