New AI-powered Smart Contract Promises Fast, Cost-Effective Audits

A new AI-powered smart contract auditing service called "Bunzz Audit" has been launched by Bunzz, the largest DApp development platform in Asia.

This service promises to offer fast and cost-effective audits for smart contracts, providing actionable insights for security enhancements.

Bunzz Audit for AI Smart Contracts

By leveraging AI technology and an extensive database, Bunzz Audit scans contracts from over 100 perspectives, aiming to address the challenges associated with traditional smart contract audits in blockchain projects.

Traditional smart contract audits have often posed significant challenges for users and developers in blockchain projects. One major hurdle has been the high cost of engaging traditional audit firms, ranging from $10,000 to $1 million.

Additionally, according to Bunzz, there's a tendency to prioritize obtaining a "seal of approval" from major audit firms over actually improving security, turning the auditing process into a mere formality.

Furthermore, the time-consuming nature of engaging audit firms can lead to delays in product launches or token listings. Moreover, audit reports' accuracy and communication costs can vary depending on the personnel involved in the audit process.

In response to these challenges, Bunzz has developed Bunzz Audit, an AI-driven smart contract auditing service. The platform aims to provide a solution that is not only cost-effective but also efficient in identifying vulnerabilities and providing actionable insights for security improvements.

During the open beta phase earlier this year, Bunzz claimed to have received positive feedback, which led to the official launch of Bunzz Audit.

The significance of using AI for smart contract audits lies in its ability to perform tasks more comprehensively and accurately than human auditors.

While human auditors typically review source code to detect vulnerabilities, Bunzz Audit utilizes a database of previously identified vulnerability patterns and employs AI algorithms to scan code from various perspectives, according to Bunzz.

This approach enhances coverage and minimizes the risk of human error, thereby ensuring more thorough vulnerability identification.

Two Types of Audits

Bunzz Audit offers two types of audits: one that solely reviews the code and another comprehensive audit that includes assessing the code and project-specific logic. This flexibility allows clients to choose the level of scrutiny based on their specific needs and preferences.

Currently, Bunzz is offering a promotional discount of 10% for Bunzz Audit services, making audits available for $1,791. This fixed fee structure ensures that the cost remains constant regardless of the source code size or the severity of vulnerabilities found, offering clients a high return on investment.

Interested parties are encouraged to take advantage of this promotional offer to experience the benefits of Bunzz Audit firsthand.