COTI is excited to announce its partnership with Hacken, a leading blockchain cybersecurity company. The collaboration pairs COTI’s ground-breaking privacy layer — based on a fast, lightweight implementation of garbled circuits — with Hacken’s auditing expertise and suite of Web3 security products.
COTI is thrilled to announce a significant partnership with top Web3 auditing firm Hacken, that seeks to integrate its privacy technology to Hacken’s suite of auditing and security products. Hacken, whose experience runs to seven years and over a thousand blockchain projects, will offer a discount on its services to the COTI builders community, ensuring that new applications launched on the COTI network adopt best practices for Web3 security.
COTI + Hacken: Elevating Web3 Security
Hacken is one of the most trusted names in blockchain security, and has a well-deserved reputation for safeguarding some of the biggest platforms and protocols in the crypto space. Hackens contributions have helped to secure tens of billions of dollars in digital value across major L1 and L2 platforms, popular DeFi protocols, centralized exchanges, cross-chain solutions, and Web3 infrastructure providers.
Through this partnership, COTIs privacy technology will now be brought to bear, to complement and strengthen Hacken’s mission to make Web3 safer. As Bryn Bennett, Business Development Manager at Hacken noted,
“By combining COTI’s innovative encryption with Hacken’s expertise in smart contract audits, advanced cryptography, and our crowdsourced audits on ‘HackenProof’, we’re setting a new standard for secure, privacy-preserving blockchain solutions.”
In addition to helping companies to avoid catastrophic security breaches — an all-too-common occurrence in Web3 — Hacken’s expertise also allows Web3 organizations to navigate the rapidly evolving regulatory landscape to meet ongoing compliance requirements. Compliance and privacy go hand in hand, particularly in places where privacy is enshrined in constitutional law. This partnership will explore how privacy technology can be applied mitigate regulatory issues, leading to an unlock for many new startups.
COTI: Enhancing Security Through Privacy
COTI leverages a fast, lightweight implementation of garbled circuits, developed in collaboration with Soda Labs. This novel technology allows for highly effective decentralized confidential computing (DeCC) which can be deployed to protect against common security concerns.
COTI is currently the most advanced and compliant solution for data protection on a public blockchain, performing up to 3,000 times faster than the leading competitor, removing barriers to widespread enterprise adoption of open blockchain networks.
We anticipate a new world of privacy use cases emerging — from confidential transactions and DeFi to artificial intelligence, decentralized identification, and more. In the first instance, COTI’s partnership with Hacken extends the platform’s use cases into the sphere of security and auditing, demonstrating the versatility and applicability of its privacy-centric layer-2 technology across wide-ranging sectors.
The possibilities enabled by Web3 privacy are boundless, and to foster innovation on COTI, we have launched the largest grants program in the privacy space. Hacken has offered preferential rates for its suite of products for participants in the COTI Builders Program. This includes audit services, attackthons, and real-time monitoring threat detection via Hacken Extractor. Builders Program participants will also be able to draw on Hacken’s extensive knowledge and expertise to build secure products powered by garbled circuits. More details on the Builders Program can be found here.
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