Top 5 Shield Protocol Competitors & Alternatives And Similar Security Projects

Problem: Attackers exploit smart contracts that suffer from known vulnerabilities to steal assets, deny service, etc. There have been more than 1,427 exploits since June 2011, with a total loss amounting to $76,4b (only $5.6b have been recovered). To avoid such breaches, web3 developers have to rely on security firms to do manual audits that are slow (weeks to months per audit) and expensive ($10k to $500k per contract, depending on its size). Alternatively, the developers have to run smart contract analysis tools on their own infrastructure, which is a complex, resource-demanding, and high-maintenance task. Either way, it's super painful to perform security audits for smart contracts. Moreover, while web3 analysts (e.g., DeFi investment firms) aims to reduce customer risk by incorporating price-based analytical metrics into their risk models, such metrics do not capture the fundamentals of DeFi protocols, especially their software security. To overcome this issue, these firms often use ad-hoc heuristics or personal judgement to quantify the risk of smart contract security, resulting in highly-unreliable and biased estimates that have far-reaching consequences. Solution: Blockstead is a patent-pending, cloud-based smart contract security auditing service. The service runs multiple static/dynamic analyzers and combine their outputs into actionable metrics using novel AI-based techniques. The service provides web3 developers and analysts access to contract audit results/reports in minutes and at a fraction of the manual audit cost.

Audit , Security , Services , Smart contracts

BNB Chain , Cardano , Ethereum , Polygon

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DATS develops High Performance Computing (HPC)-integrated SaaS solutions that aim to increase the resilience of projects and Web2 institutions in the Web3 ecosystem against increasingly sophisticated cyber attacks around the world and eliminate many problems in the cybersecurity industry.

Infrastructure , Security , Tooling

BNB Chain

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181,136

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56,749

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Gotham3 is the first Web3 security protocol built on Scroll and has got Scroll's support. We use decentralized consensus way to call on everyone to mark scam websites and be the guard of Web3 based on our protocol and token economic model! We are committed to make Web3 secure for the next billion users！

Community , DeFi , Derivatives , Hackathon , Infrastructure , Insurance , Security , Tooling

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44

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There is a growing demand for secure and private data processing, particularly in industries such as healthcare, finance, and government. These industries have strict regulations around the handling of sensitive data, and traditional methods of storing and processing this data can be quite costly. HE allows data to be processed in an encrypted form without the need to decrypt the data first. HE is quite computationally intensive and cannot be done using CPU in a cost-efficient way. Hardware accelerators can run HE much faster but are hard to deploy at scale and integrate with high level frameworks. In this project we aim to develop an integrated solution for accelerated homomorphic encryption as a service. It will allow users to perform high performance and affordable homomorphic encryption by fully utilizing the power of the accelerators.

Big Data , Cloud computing , Cryptography , Hardware , Healthcare , Infrastructure , Privacy , Security

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107

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Advanced tools to improve security and transparency in the blockchain space. It includes GUARIT Scan, which analyzes smart contracts to identify vulnerabilities and compliance issues, ensuring high standards of security. Upcoming features include Audit AI, which will leverage artificial intelligence for deeper smart contract analysis, and Wallet Audit, which will track and analyze wallet activities, including significant movements and transaction patterns.

AI , Analytics , Data , Research , Security , Tooling

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102

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