Smart contracts auditing companies like @trailofbits @ConsenSys Diligence or @OpenZeppelin should provide insurance services for smart contracts they are confident in.
Companies and users could pay x% per year to cover potential fund losses held or managed by some contracts.
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I may be mistaking, but my assumption was that both security firms and insurance firms have a strong incentive for contracts to be secure. If a contract is insecure, the formers lose their reputation while the laters lose funds (to reimburse losses). Where is the misalignment?
I have my own business insurance policy to cover the legal and other risks, a $5m policy! I bear no responsibility for my client’s code. I have no control! I’m a consultant, not an engineer on their team. I can’t make decisions. I can only provide recommendations that help.
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Meant to put this here: https://twitter.com/maurelian_/sta … appreciate your traditional Infosec perspective, and some of your points are valid, but you seem to not see some of the important ways this tech can change things.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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