WiseWires Co., Ltd. (CEO Shin Seong-woo) participated in the ‘2023 World IT Show (WIS 2023)’ held at COEX in Seoul from Wednesday, April 19 to Friday, April 21.
WiseWires is a software testing company established in 2003. The company explains that it provides testing services optimized for each domain, including e-commerce, finance, IoT, electronics, automobiles, medical, games, communications, national defense, and government projects, based on ISO/IEC 29119, an international standard for software testing. Beyond Korea, they have established corporations in Japan, China, Singapore, Vietnam, and the United States to provide optimized testing services both domestically and locally.
At this exhibition, WiseWires introduced ‘WISK’, a service that comprehensively performs smart contract audits on blockchain. This is a service developed and launched through cooperation between three companies, ‘Sigma Chain’, a blockchain solution company, and ‘Korea Rating Data’, a comprehensive credit rating agency, along with WiseWires, which has expertise in testing and quality verification.
WISK provides five processes for a comprehensive audit of smart contracts and blockchains: ▲Smart Contract Security Audit ▲Blockchain Security Audit ▲Wallet Security Audit ▲Corporate Audit ▲App Security Audit. Additionally, a full or partial audit can be selected depending on the needs of the exchange or customer company.
The smart contract security audit verifies the security of vulnerabilities in smart contracts such as tokens and DeFi, and the blockchain security audit process audits the safety of major modules such as blockchain node configuration, communication, and consensus algorithms.
The wallet security audit verifies the security of the private key architecture for all types of wallets, and the corporate audit audits corporate information and financial status, manager and management information, credit and loan information, etc. to verify the token contract of the target company. Judge reliability. In addition, Dapp security audit is a process that audits the security of the DApp’s source code.
An official from WiseWires said, “As a KOLAS internationally certified testing agency, our company performs technical verification and vulnerability checks on smart contracts.” He added, “Korea Rating Data, which we cooperate with, measures corporate credit through information on 11 million companies it owns. “By providing verification and reliable information, we can strengthen the transparency and reliability of the virtual asset evaluation market,” he added.
He continued, “Recently, the majority of exchanges at home and abroad have adopted the submission of smart contract security audits as a mandatory step in the listing review to protect investors,” and added, “Due to the nature of cryptocurrency, financial losses are incurred in the event of hacking, so safety and vulnerability precautions are required.” Security audits are essential. “Accordingly, we plan to strengthen investor information transparency and contribute to expanding market stability through a comprehensive audit service called WISK,” he added.
Meanwhile, the ‘World IT Show’, a one-stop platform for digital transformation, is a representative exhibition leading the next-generation high-tech industry. The 2023 World IT Show, with the slogan ‘Changing our life, K-Digital’, will feature ▲AI platform, Internet of Things (IoT), cloud, and ICT convergence services ▲Smart home, office, and home appliances. and smart healthcare ▲Intelligent mobility and robots such as autonomous driving, UAM, drones, etc. ▲Digital Twin & Metaverse (XR technology) ▲Cloud and software ▲Security software & Blockchain (NFT) ▲The latest technologies and products in the field of quantum information science Exhibited and introduced. In addition, the ‘WIS 2023 Innovation Award’ and the ‘2023 Korea ImpaCT-ech Grand Prize’ were awarded to the technologies and products that attracted the most attention among participating companies.
→ Go to the 2023 World IT Show News Special Page
