KUALA LUMPUR, Sept 12 (Bernama) -- CertiK, the frontrunner in blockchain security has collaborated with OKLink, a Web 3.0 on-chain data provider under OKG Technology Holdings Limited, to pioneer the Freeze Asset Request (FAR) technical standard.
In a statement, CertiK said this initiative seeked to simplify incident reporting pathways and expedite the freezing of stolen assets.
The two parties will deepen their ongoing collaboration in risk control, and data compliance areas, including but not limited to exploring data labelling standards and standardising information interaction processes.
During a summit, CertiK hosted a panel discussion titled "How the Community Improves Security for Web 3.0 Users".
The panel featured experts including CertiK Chief Security Officer, Professor Kang Li; OKG Tech Chairman and Chief Executive Officer, Jeffrey Ren; and Professor Yang Liu of Nanyang Technological University, exploring collaborative measures by which the industry can bolster user asset protection.
Professor Li introduced CertiK's ongoing collaboration with OKLink and other exchanges to champion the FAR initiative which is directed at standardising fund-freezing procedures, and CertiK invites more firms to join this movement.
In addition to standardising fund-freezing procedures, CertiK and OKLink are also working collaboratively to establish a universal transaction label taxonomy, which will unify investigation labels from various data providers.
Leveraging CertiK's extensive database resources, the company’s suite of Software as a Service (SaaS) security products have been actively monitoring and tracking over two billion wallets and smart contract addresses, providing real-time comprehensive assessments of security trends for nearly 12,000 projects.
This is the latest step in OKLink and CertiK’s strong professional association with both firms sharing the vision of raising the standards of security and transparency in Web 3.0.
-- BERNAMA
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