Blockchain focused Cybersecurity Firm, Hacken, to Integrate Chainlink’s Oracles so Data Is Accessible to Decentralized Apps

Hacken will be integrating with Chainlink so that the platform’s security audit data for smart contracts, decentralized finance (DeFi) projects, and cryptocurrency exchanges can be accessed by decentralized applications (dApps).

Hacken is a cybersecurity, auditing, and consulting firm with a special focus on blockchain security. It provides data related to the security of key infrastructure to exchanges, wallet providers, and investors. Hacken also informs users about whether a DeFi smart contract has been audited and it can generate a score to “rate the security of exchanges.”

The Hacken team notes:

“Our integration with Chainlink’s … decentralized oracle network will enable smart contracts from any blockchain to access Hacken’s security data. Developers can … leverage Chainlink’s existing pool of secure node operators to build in security buffers that protect user funds and/or ensure more secure and reliable transaction/protocol automation based on Hacken data feeds.”

They also mentioned:

“Providing cybersecurity data about DeFi smart contract audits is a crucial part of maturing the DeFi industry. Anonymous developers and yield farming spinoffs can drive speculation, often without regard for security. For average users, information about security and trusted audits is difficult to access, especially in real-time. Hacken aims to supply this data to users on-demand to foster stronger security in DeFi as a whole, ultimately reducing information asymmetry and increasing transparency.”

Hacken’s security data product, called СER, is a cybersecurity data provider for centralized and decentralized digital currency exchanges. Introduced in 2017, CER has reportedly audited over 280 exchanges and issued over 80 security certificates. In July of this year, Hacken teamed up with the largest independent cryptocurrency aggregator, CoinGecko, which involved them using CER cybersecurity data as a key of their TrustScore. CER offers data about cybersecurity audits of various DeFi inititiaves.

The Hacken team explains that an oracle is required to make CER data accessible to blockchain-based smart contracts. The oracle is used to bridge communication between the two different environments in a secure and reliable manner.

This helps maintain “the valuable properties of the smart contract,” the Hacken team explains. They confirmed that, for this reason, they chose Chainlink’s secure oracles to ensure that their data is provided on-chain in a “highly available and tamper resistant manner.”

Sponsored Links by DQ Promote


You may also like...

Send this to a friend