GoPlus Security and Brevis Network have announced a strategic collaboration aimed at strengthening the Web3 security landscape. The two companies will co-develop the “Security Oracle,” a decentralized and verifiable oracle network tailored for on-chain risk assessment and data validation.
The proposal combines blockchain intelligent with multi-chain security engine of GoPlus Security with zero-knowledge proof (ZKP) and verifiable computation of Brevis. This collaboration will offer the decentralized applications, wallets, and protocols with standardized and privacy-preserving security data services.
Security Oracle aims at minimizing the use of centralized risk control mechanisms by making on-chain validation of security assessments. It improves the transparency and confidence in the security information exchanged among different protocols as they have verifiable ZK proofs.
Security Oracle Use Cases and Capabilities
The Security Oracle will provide the means of real-time risk analysis of blockchain addresses, tokens, and transactions by ZK technology. It also promotes on-chain verification and invocation of security correctly of SDKs and smart contract interfaces.
This can be easily integrated with DeFi protocols to provide address screening before transactions and risk-based access control to liquidity pools and voting in voting mechanisms. With verifiable security checks, DeFi projects can have significantly more regulatory compliance and risk reducing their exposure to malicious activity.
The Security Oracle can also be used by wallet providers on issuing pre-signing risk warnings as well as supporting verifiable user security credentials. The aim of these features is to offer real-time warnings and quantifiable trust profiles to the end-users in the process of a transaction interaction.
With reputation-based systems, Oracle can join Brevis’ historical data validation functionality with GoPlus risk filtering capabilities. This facilitates secure airdrop eligibility, DID (Decentralized Identity) reputation tracking, and imposing behavior-based incentives.
GoPlus Strive for the Development of a Decentralized Security Infrastructure
The collaboration between GoPlus Security and Brevis Network encourage decentralization of the Security Oracle network, wherein third-party contributors are involved. Security researchers, the creators of ZK, and protocol teams are invited to join the development of an open and dynamic security data layer.
This cooperative model is meant to make the transition of Web3 security out of opaque systems and into transparent and customizable risk infrastructures. The reusability and trustless security outcomes make protocol interoperability and trust improve in the ecosystem.
The Oracle eradicates the security assessment conducted in a black box, which guarantees the data credibility, verifiability, and composability with various blockchain platforms. It allows shifting to minimize trust risk and scale-based risk management.
