It’s been a bountiful fortnight for blockchain’s encrypted ledger methodologies — particularly blockchain security. Hosho Group Inc. held HoshoCon — the first conference devoted to blochchain and cryptocurrency security — in Las Vegas, Nevada. And Amberdata Inc. just announced a groundbreaking tool that automates blockchain security audits.

“Our goal is to basically make it very easy for developers to understand the state and health of the smart contract, and then they can go find consultants and experts to fix those vulnerabilities and issues,” said Tongtong Gong (pictured), chief operating officer of Amberdata.

Gong spoke with John Furrier (@furrier), host of theCUBE, SiliconANGLE Media’s mobile livestreaming studio, in our Palo Alto, California, location. They discussed Amberdata’s security-auditing announcement and its work with the Web3Data Foundation, which operates a “blockchain data nexus.”

Inching toward internet-easy

There are roughly 8 million smart contracts on the blockchain distributed ledger today, according to Gong. After consulting with security teams about which tools they used to monitor smart contracts, Amberdata integrated those tools into its very own automated, real-time security auditing dashboard for its blockchain-health-and-intelligence platform. Users can search for any smart contract on the chain, and the tool will analyze it for security issues in minutes, Gong explained.

Amberdata analyzes the code and source code of contracts to identify issues like integer overflow, etc. It then rates the contract’s health with a scoring system.

Amberdata is invested in additional efforts to take the sweat out of blockchain and democratize it for a wider user base. “We have open-sourced our data collector to allow the community to contribute to that.”

It is working with the nonprofit Web3Data Foundation on a decentralized data marketplace. This will allow everyone in the ecosystem to list, subscribe, consume, distribute and monetize data assets generated by blockchain.

Gong hopes that soon blockchain will inspire no more apprehension in laypeople than the internet does. “I think it’s missing that killer app to actually get people to realize, ‘Oh, it’s actually easy to use; I don’t have to think about the inner workings,'” she concluded.

Watch the entire video interview below, and be sure to check out more of SiliconANGLE’s and theCUBE’s CUBE Conversations.

Photo: SiliconANGLE