The Enterprise Ethereum Alliance launched the EthTrust security plan to increase confidence in Ethereum and make it a global settlement layer for all types of transactions


Enterprise Ethereum Alliance established Moral trust Security Initiative Boost the confidence of Ethereum as the global settlement layer for all transaction types

European Economic Area Moral trust The Security Level Working Group advances the work initiated by the Ethereum Trust Alliance and promotes extensive cooperation within the EEA

Wake up field, Massachusetts-November 19, 2020 – This Enterprise Ethereum Alliance (EEA) announced today European Economic Area Moral trust Security Level working team.The task of the working group will be to continue to promote Ethereum Trust Alliance (ETA), now part of the EEA, Moral trust Project, this project will set the standard for safe and smart condomsTransactions conducted within the Ethereum ecosystem. In view of the fact that only a small defect in the smart contract code can be locked or lost tens of millions of dollars immediately, Moral trust The project’s standards and registry are designed to make it fast and Organizations and individuals can easily determine whether the smart contract has passed the comprehensive security review of the professional team.

In the ICO booIn early 2017, many people did not understand the basic security risks of smart contacts.In other financial industries Credit rating agencies, such as Moody’s, aim to inform the public of the relative risks associated with specific financial products assets. However, there is no similar smart contract registration or rating system within the Ethereum ecosystem. EEA’s new working group will address this issue by focusing on the development of definitions and requirements for different security levels.tyrisk and registration form The system records which smart contracts have been tested for rigorous security vulnerabilities.

leadership Moral trust The Security Level Working Group is the newly appointed co-chair: Tom Lindeman, former managing directorf ETA, Chairman of the Special Interest Group on Security in the European Economic Area, ConsenSys diligentAnd the director of strategic planning, ConsenSys software company. ; And EEA member Pierre-Alain Mouy (former ETA product owner and managing director) NVISO security in Germany.

“We are happy to announce the formatIon of the European Economic Area Moral trust Security level working group.along with Moral trust The EEA plan aims to increase the confidence and trust of Ethereum as the global settlement layer for all types of transactions in all industries. “Principal Daniel Burnett. “We are very happy to have Moral trust Leaders Tom Lindeman and Pierre-Alain Mouy jointly serve as chairpersons, working with EEA members (part of Ethereum’s most influential global business) to promote the Plan to benefit the entire Ethereum. ”

Creating a standard and registration system for smart contracts will help users better understand how to distinguish which contracts through strict security checks.The working group will work with Smart Contract Security Alliance Information about security recommendations, vulnerabilities and best practices.In addition, the team will use Smart contract vulnerability registry Meet the analysis requirements of automated tools.

“The smart contracts that power Ethereum are fraught with security issues. Today, there is still no good way to determine whether a smart contract is secure before initiating a transaction. DeFi Especially in the space sector, as individuals and organizations approve token contracts, there has been a surge in activities to exchange tokens and add liquidity to the pool in rapid succession without being able to easily check the security of the contract. ” Moral trust Lindeman, co-chair of the Security Level Working Group. “By creating a Moral trust The standards, specifications, and registration forms for authenticating smart contracts will enable various trust use cases, and Ethereum users can view the security level of the contract before interacting with the contract. Special thanks to developers Cory Dickson and Jonathan Prince and ConsenSys, NVISO, runtime verification, Quantstamp, with ho, Which helped get the plan started. ”

The program’s registration system will enable exchanges to request specific rating levels before listing new tokens, or enable multi-member consortia with smart contracts to request ratings before issuing smart contracts.

“As a global organization composed of experts in various Ethereum fields, EEA is clearly a place to build a wide range of influence Moral trust The security level standards and registry system will affect anyone who interacts with Ethereum smart contracts. ” Moral trust Mouy, co-chair of the Security Level Working Group. “We welcome all interested companies Moral trust Join the Security of the European Economic Area and Working Group. ”

About the European Economic Area

This Enterprise Ethereum Alliance (EEA) EThe nables organization adopts and uses Ethereum technology in its daily business. EEA supports the Ethereum ecosystem to develop new business opportunities, promote industry adoption, and learn from and cooperate with each other.For additional information about joining the EEA, please contact [email protected] Or visit https://entethalliance.org/become-a-member/.

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