Blockchain security enterprise CertiK has recently transitioned its Asian cloud infrastructure to a subsidiary of Alibaba, the renowned Chinese e-commerce conglomerate. This strategic move involves CertiK deploying its collection of 12 blockchain applications onto Alibaba Cloud, leveraging its extensive cloud capabilities to deliver Web3 services.
**CertiK’s Suite of Blockchain Applications**
*Source: CertiK*
CertiK’s objective in utilizing Alibaba’s robust cloud platform is to furnish blockchain developers with a fortified environment conducive to the creation and implementation of Web3 applications. Co-founder Ronghui Gu remarked on the significance of this development.
In a prior collaboration, Alibaba Cloud had amalgamated with the Avalanche blockchain, enhancing the company’s Node-as-a-Service offerings. This alliance facilitated the establishment of new validator nodes within Alibaba’s cloud framework, catering to developers during periods of heightened resource demand.
**Alibaba Cloud’s Integration with Avalanche Blockchain**
*Source: Alibaba Cloud*
The alliance between CertiK and Alibaba Cloud originated in May 2023 when CertiK introduced its security solutions to Alibaba Cloud’s Blockchain as a Service (BaaS) platform.
**CertiK’s Security Solutions on Alibaba Cloud**
*Source: CertiK*
This agreement empowered CertiK’s developers to perform comprehensive code analyses, risk evaluations, and identity verifications, all within Alibaba’s cloud ecosystem. Initially, CertiK had incorporated its smart contract and layer 1 blockchain audit services and disclosed intentions to launch penetration testing and the Skynet due diligence instrument.
**Alibaba’s AI Endeavors and Market Impact**
In the realm of blockchain and Web3, Chinese entrepreneurs and investors are not only focusing on technical prowess but also placing their bets on artificial intelligence (AI). In a notable development this May, four Chinese AI startups, namely Zhipu AI, Moonshot AI, MiniMax, and 01.ai, achieved valuations exceeding $1 billion, positioning themselves as formidable competitors to entities like OpenAI.
Alibaba’s financial arm, Alipay, has also made headlines with the introduction of an AI-powered feature within its payment application that assists users in identifying early indicators of hair loss.
According to the South China Morning Post, users have the ability to submit scalp images for analysis by a sophisticated image recognition system, trained on a vast array of medical images. The application then provides personalized advice and, if necessary, suggests seeking medical consultation.
**Emerging Trends in Cybersecurity**
As security threats evolve, with Ethereum phishing becoming increasingly challenging, cybercriminals are shifting their focus towards networks like TON and Bitcoin.