VERITIC provides a user-friendly tool for Smart Contract Access Management that enables teams to implement multi-signature workflows and enhance compliance without requiring coding skills. This solution mitigates risks associated with fraud and hacks, protecting assets locked in DeFi protocols and ensuring secure transaction approvals.
Funding
Funding not disclosed
Founders
Product
Problem
Managing access to smart contracts, especially for teams, is complex and often requires coding skills, creating a barrier to entry. Weak operational security and the lack of multi-signature workflows can lead to fraud, hacks, and loss of assets locked in DeFi protocols. Ensuring compliance with evolving regulations like MiCA and the EU Data Act adds another layer of complexity.
Solution
VERITIC provides a user-friendly Smart Contract Access Management tool that enables teams to implement multi-signature workflows and enhance compliance without requiring coding skills. The platform allows contract owners and administrators to define granular access controls, ensuring that only designated individuals can execute critical actions. VERITIC integrates with Safe accounts, leveraging their established security and on-chain transparency. By offering an intuitive interface and comprehensive reporting, VERITIC simplifies smart contract administration and governance, making it accessible to both experts and beginners.
Target Audience
VERITIC targets web3 enterprises, including DeFi protocols, NFT projects, DAOs, and Web3 development studios, that require enhanced security and regulatory compliance for their smart contract operations. It also caters to banks and enterprises transitioning to web3 who need to implement existing security and compliance policies.
Features
- Intuitive interface for managing smart contract access, designed for both experts and beginners
- Multi-signature workflows requiring multiple team members to approve critical actions
- Comprehensive reporting for compliance and accounting purposes
- Integration with existing Safe multi-sig accounts or the ability to create new Safe accounts
- Email notifications for required actions
- Support for multiple networks including Arbitrum, Ethereum Mainnet, ETH Sepolia Testnet, and Polygon
- Role-based access control to define granular permissions for team members
- Penetration testing by Breachlock to ensure platform security