EthSign recently announced its security partnership with Secure3, their leading auditor for their TokenTable, to further protect their own security in recent market turmoil.

This partnership has revealed increased recognition of Secure3 and EthSign’s dedication and vision to the security of the current blockchain industry. With their missions and long-term ecosystem aligning, joining forces will benefit both companies. Security is one of the top priorities for EthSign, and its partnership with Secure3 provides the highest quality and most efficient contract auditing services to all clients and ecosystem partners.

The Director of Secure3, Alan Xia points out the importance of transparency and niched professionalism in the smart contract auditing industry.

“It is the time to establish a community-based security consensus, by empowering community members to participate in the code review process. Our model and technologies incentivize the best of the community to help projects find the most severe yet subtle bugs in the most efficient way. The audit contest of TokenTable Contracts ran for two weeks, and all issues found were mitigated.”

The CTO and co-founder of EthSign, Jack Xu, addresses the importance of a security partnership with Secure3.

“Open sourcing is a huge part of what makes blockchain applications trustless. When all programming logic is free for everyone to inspect, users no longer have to place their faith in the projects. However, this also means any potential vulnerability is exposed to anyone who is willing to exploit them. Thus, having reputable security auditing firms to inspect the code before deploying to production is more important than ever. Secure3’s competitive auditing model ensures involved auditors have an incentive to find the most severe issues, aligning their individual interests with those of the project. I think this is incredibly clever which is why we decided to partner with them.”

About EthSign

EthSign is building the interface between Web2 and Web3 by connecting legal agreements and smart contracts. Their first product, EthSign Signatures, provides the same functionality, UX, and legal validity as Web2 e-signing platform, while leveraging the power of blockchains to enhance transparency and security. With Signatures, users can upload, edit, and download documents, track signing status, and view events of the entire agreement lifecycle.

The company’s second product, EthSign TokenTable, demonstrates how smart contracts can be used to trustlessly enforce agreements that take place throughout the lifecycle of a startup project. Using TokenTable, founders can plan their token supply allocations. They can also issue, sign, and execute various token-investment contracts and token grants. TokenTable monitors token vesting and, upon TGE, facilitates the distribution of unlocked tokens customized to match previously signed investment and grant contracts.

About Secure3

Secure3 is a StartX incubated intelligent audit contest platform headquartered in Silicon Valley. We aim to provide more affordable, effective, and secure audits for all web3 projects. We closed our 5M seed funding from Mirana, GGV, Alumni Ventures, etc. in 2022.

Secure3’s audit contest organizes decentralized certified auditors in the form of an audit competition. We usually have 3–10x more auditors (compared to centralized auditing firms) who compete anonymously with each other to find business logic bugs and security issues. In half a year, we have completed close to 100 audit contests, including audits for famous projects such as zkSync, Parallel Finance, etc.

Our contest model incentivizes individual auditors to find more critical issues no others can discover. Our model solves high-price, non-transparent, inefficient, and low-quality issues of most centralized auditing firms.

Learn more about our contest model and our competitive advantages:

1. Secure3’s past audits that passed NDA, which include zkSync, Parallel Finance’s ParaSpace, ApeX, and more: https://www.secure3.io/reports
2. Audit quality benchmark on Parallel Finance’s ParaSpace (invested by Sequoia, Coinbase, etc.) audits. Compare audits between Secure3, Trail of Bits, CertiK, and more: https://docs.para.space/para-space/external-audits
3. Intro to our new contest model for security audit: https://www.secure3.io/service-intro

How Secure3 Audit Contest Works: