Beyond the Code: Navigating Trust in Blockchain
Dr. Gu Ronghui of CertiK shares the pivotal story of navigating the Merlin exploit, a breach that tested trust in blockchain security. This talk on "the yellow circle" on The Founders Peak stage explores lessons learned, the importance of transparency, and the shared responsibility of securing blockchain’s future.
Key highlights:
1. The Promise and Peril of Blockchain
- Balancing Innovation and Risk: Blockchain offers transformative potential but relies on rigorous security to avoid catastrophic flaws.
- From Theory to Practice: Bridging academic rigor and real-world application is essential to addressing blockchain’s vulnerabilities.
2. Building Trust Beyond Code
- Transparency as a Standard: Publicly sharing audit reports and KYC results elevates trust and accountability.
- Addressing Human Risk: Insider threats and social engineering demand real-time monitoring and stricter background checks.
3. A Collaborative Approach to Security
- Industry-Wide Best Practices: Security is a shared responsibility requiring cross-sector cooperation to develop standards.
- Investing in Innovation: AI-driven analysis and formal verification ensure adaptability against evolving threats.
Conclusion:
Dr. Gu emphasises that blockchain security goes beyond code; it’s about trust, transparency, and collaboration. By addressing both technical and human vulnerabilities, the industry can build a resilient ecosystem that safeguards blockchain’s transformative promise.
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Speaker:
- Dr. Gu Ronghui, Co-founder, R.G.