CertiK Fortifies Its Blockchain Ecosystem With Alibaba Cloud Partnership, Moves Infra To Alibaba Cloud
The blockchain ecosystem has seen significant growth in recent years, driven by the growing demand for secure, decentralized, and efficient distributed computing. As the industry continues to expand, the need for robust cloud infrastructure and comprehensive security solutions has become increasingly critical. CertiK, a leading blockchain security company, has recognized this necessity and taken a major step forward by partnering with Alibaba Cloud, the cloud computing subsidiary of e-commerce giant Alibaba.
In a strategic move, CertiK has announced the migration of its cloud infrastructure in Asia to Alibaba Cloud. The partnership aims to enhance the security and efficiency of running CertiK’s blockchain applications across the region. By leveraging Alibaba Cloud’s advanced resource management services, CertiK can now ensure the security, reliability, and cost-effectiveness of its blockchain-powered solutions.
Simplifying the development and deployment of blockchain technology
Integrate CertiK Security Suite with Alibaba Cloud’s Blockchain as a Service (BaaS) Platform CertiK has empowered developers to seamlessly access a wide range of security tools and services. These include code reviews, risk assessments, team identity verification, and background checks—all backed by CertiK’s expertise and deployed on Alibaba Cloud’s robust infrastructure.
Expanding CertiK Offerings on Alibaba Cloud
As part of the partnership, CertiK will expand its offerings on Alibaba Cloud by providing additional security solutions. These include penetration testing and the Skynet due diligence tool, enhancing the security arsenal available to Web3 projects and developers.
Leveraging Alibaba Cloud’s expertise in Blockchain and Web3
Alibaba Cloud’s previous collaborations with blockchain platforms, such as its integration with Avalanche Network, have demonstrated the cloud provider’s commitment to advancing Web 3 development. By partnering with CertiK, Alibaba Cloud is further strengthening its position as a trusted provider of cloud infrastructure for blockchain and Web 3.
Related reading: Certik Reveals Kraken’s Cybersecurity Flaws and Threats to Hackers
CertiK: A Leader in Blockchain Security
Founded in 2018 by professors from Yale and Columbia University, CertiK has established itself as a leading name in the blockchain security industry. With a mission to secure the Web3 world, CertiK combines expert manual review with cutting-edge AI technology to protect and monitor blockchain protocols and smart contracts.
CertiK’s expertise is evident in its proven track record. The company has worked with over 4,500 institutional clients, secured over $380 billion worth of digital assets, and discovered over 60,000 vulnerabilities in blockchain code. Its client portfolio includes industry-leading projects such as Aptos, Ripple, Sandbox, Polygon, BNB Chain, and TON.
CertiK’s industry prominence also put it at the center of the controversy surrounding the hack of the Kraken cryptocurrency exchange. While the incident highlighted the importance of responsible disclosure and prompt reporting of vulnerabilities, it also demonstrated CertiK’s commitment to ensuring the security of blockchain-based platforms.
Related reading: CertiK Announces Launch of CertiK Ventures to Boost Blockchain Development
Alibaba Cloud Expands Its Footprint in Blockchain and Web3
Alibaba Cloud’s partnership with CertiK is part of the cloud provider’s broader strategy to strengthen its presence in the blockchain and Web3 space. The company has actively collaborated with other blockchain platforms, such as Avalanche and NEAR, to accelerate the development and deployment of Web3 applications.
Alibaba Cloud’s comprehensive developer ecosystem and scalable infrastructure have proven beneficial for blockchain projects. By providing node software as a service and simplifying the deployment process, Alibaba Cloud aims to empower Web3 developers and foster innovation in the field of decentralized computing.
In addition to its blockchain initiatives, Alibaba Cloud is also exploring the potential of artificial intelligence. The company’s subsidiary Alipay recently introduced an AI-powered feature that uses image recognition technology to help users spot early signs of baldness. The move highlights Alibaba Cloud’s diversification into emerging technologies, further cementing its position as a comprehensive cloud computing platform.
The Evolving Cryptocurrency Landscape and Regulatory Landscape in China
The partnership between CertiK and Alibaba Cloud also highlights the evolving cryptocurrency landscape in China. The People’s Bank of China (PBoC), the country’s central bank, has addressed the need for joint international efforts to effectively regulate the cryptocurrency industry.
Crackdown on cryptocurrency transactions and mining
In 2021, the People’s Bank of China announced measures to combat crypto adoption in mainland China, resulting in a virtual ban on cryptocurrency transactions and mining activities. However, China has remained a significant hub for crypto mining, highlighting the ongoing challenges in regulating the industry.
Review of Anti-Money Laundering Laws
To address the growing risks associated with virtual assets, China is preparing to revise its outdated anti-money laundering law. The draft amendment, discussed at a State Council meeting chaired by Chinese Premier Li Keqiang, will soon be reviewed by the national legislature, signaling the government’s commitment to strengthening regulatory oversight of the cryptocurrency space.
Promoting collaboration and innovation
The partnership between CertiK and Alibaba Cloud is a testament to the growing importance of collaborative efforts in the blockchain and Web3 space. By combining their respective strengths and expertise, the two companies can drive innovation, enhance security, and foster the development of next-generation decentralized applications that can truly transform the digital landscape.
Conclusion
CertiK’s cloud infrastructure migration to Alibaba Cloud marks a significant milestone in the blockchain security company’s journey. By leveraging Alibaba Cloud’s advanced resources and expertise, CertiK can now provide its customers with a more robust, secure, and reliable platform for their blockchain-powered solutions. This partnership not only strengthens CertiK’s position as a leading player in the blockchain security industry, but also reinforces Alibaba Cloud’s commitment to supporting the growth and innovation of the Web3 ecosystem in Asia.
As the blockchain and Web3 landscapes continue to evolve, the collaboration between CertiK and Alibaba Cloud is a testament to the power of strategic alliances in driving the industry forward. By combining their respective strengths and resources, the two companies are poised to empower developers, enterprises, and the broader blockchain community, ultimately shaping the future of decentralized computing and secure digital ecosystems.
