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CertiK Leverages Alibaba Cloud for Enhanced Blockchain Development in Asia

Blockchain security firm CertiK has announced a strategic partnership with Alibaba Cloud, the cloud computing subsidiary of Chinese e-commerce giant Alibaba. This collaboration aims to enhance blockchain development in Asia by leveraging the resources and infrastructure provided by Alibaba Cloud.

As part of the partnership, CertiK will migrate its cloud infrastructure in Asia to Alibaba Cloud and host a suite of 12 blockchain applications on the platform. This move is expected to empower developers with secure blockchain development and deployment capabilities.

Ronghui Gu, co-founder of CertiK, expressed excitement about the partnership, stating, “For over five years, we have believed in the transformative power of blockchain technology. We look forward to empowering developers with secure blockchain development and deployment through Alibaba Cloud’s platform.”

The collaboration between CertiK and Alibaba Cloud began in May 2023 when CertiK’s security suite became available on Alibaba Cloud’s Blockchain as a Service (BaaS) platform. This integration allowed CertiK’s developers to conduct code reviews, risk assessments, team identity verification, and background checks using Alibaba’s cloud infrastructure.

In addition to CertiK’s smart contract auditing and layer 1 blockchain auditing service, the partnership will also introduce penetration testing and CertiK’s Skynet due diligence tool. This collaboration underscores Alibaba Cloud’s commitment to supporting blockchain initiatives and providing developers with the necessary resources to succeed in the industry.

Beyond blockchain and Web3 applications, Chinese entrepreneurs and investors are increasingly focusing on artificial intelligence (AI). Several Chinese startups specializing in generative AI have recently surpassed valuation marks of $1 billion, positioning themselves as competitors to established players like OpenAI. This trend highlights the growing interest in AI technology and its potential for innovation in China.

In related news, China’s central bank, the People’s Bank of China (PBoC), recently addressed issues related to cryptocurrency regulation and decentralized finance in its latest financial stability report. The PBoC emphasized the need for joint efforts by different countries to regulate the industry effectively and announced plans to revise its Anti-Money-Laundering (AML) law to tackle the risks associated with virtual assets.

Overall, the partnership between CertiK and Alibaba Cloud signals a significant step forward in enhancing blockchain development in Asia and underscores the growing importance of collaboration between technology companies in driving innovation in the industry.