NAME OF STARTUP: QuillAudits
FOUNDED IN (Year): 2018
THE IDEA: What is the problem being solved by your startup / business?:
QuillAudits is helping the customers by providing an expert service on reducing risk and providing sense of security. Developing in house capabilities for auditing is not a very viable solution for a customer who’s focus is development of the platform itself.
Most platforms offering blockchain solutions are in an early startup stage, founded by people who have strong background as a software engineer of serial entrepreneur.
In the recent years, there has been an rapid increase in the number of hacks on smart contracts, with people and projects losing millions of dollars in multiple instances.
As such for anyone involved, there is risk and fear with being invested in smart contracts.
Not only for the customer, but for their stakeholder’s such as users and investors, a security audit is assuring when they have their own money invested.
Sometimes its required as a compliance, for example, listing token on exchanges like Binance and Coinbase because exchanges have suffered a lot in recent years from cyber fraud.
An audited contract also gets better ratings on ICO trackers and listings.
While offering solutions through their platform, our customers want to provide a seamless experience that is fast and reliable.
Performance validation helps in assuring that there would be no issues in the way a smart contract is supposed to work.While most NFT solutions work by offering a token to the users, the transactions have to be executed against a blockchain network.
The costs of transaction on popular blockchain such as Ethereum is already getting very high. A smart contract audit can also help in gas optimization.
HQ City: Gurugram
Website URL: https://audits.quillhash.com/smart-contract-audit
Number of Employees: 50-100
FOUNDER: Preetam Rao
LinkedIN URL: https://www.linkedin.com/showcase/quillaudits/