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Tackling Web3's Growing Pains: A Deep Dive with Himanshu Gautam, Co-Founder & CTO of SecureDApp

Himanshu Gautam of SecureDApp shares insights on blockchain's evolving landscape. He discusses the need for advanced security in decentralized apps, SecureDApp's cutting-edge technologies, and the importance of continuous innovation to safeguard the Web3 ecosystem.

A primary objective and advantage of the Web3 evolution is the re-decentralization of global information technology ecosystems. However, this whole Web3 landscape is complicated; not only for end users but also for those navigating its inner workings professionally. 

This complexity is largely attributable to the rapidly evolving technologies that form the backbone of Web3. Meaning, what may be considered cutting-edge today could quickly become outdated tomorrow.

Furthermore, the competitive landscape in Web3 is intense, with an increasing influx of startups each year.  As reported by the Crunchbase Web3 Tracker in March 2024, there are 23,106 Web3 companies, among which 96 have reached unicorn status, with a cumulative funding of $92 billion.

Given this backdrop, Web3 startups need to stand out. And that’s possible with a Chief Technology Officer (CTO) who is deeply knowledgeable about the myriad technological intricacies. 

To gain deeper insights, we spoke to Himanshu Gautam, Co-Founder and CTO of SecureDApp, a blockchain security company that specializes in offering comprehensive security solutions to companies operating in the web3 space.

In-Conversation With Himanshu Gautam

Could you share your journey into the blockchain space and what inspired you to co-found SecureDApp?

My journey into the blockchain started because I was captivated by the whole idea of cryptography and how decentralized systems work. I got deeply into analyzing investments and evaluating projects, and it hit me how much we needed better security solutions that are specifically designed for decentralized apps, or DApps as we call them.

That's what led to the creation of SecureDApp. Our mission is to address security and usability challenges within DApps by developing robust solutions and exploring practical use cases. We want to set new benchmarks in DApp security and help create an environment that's safer for everyone involved. It's a big task, but we're here for it.

What are the core technologies and innovations at the heart of SecureDApp that set it apart in blockchain security and the broader Web3 universe?

Right at the core of what we do is something we call Solidity Shield. It's this super smart AI bot we've developed that's able to spot over 150 different vulnerabilities in smart contracts. To date, we've put it to work on more than 120 projects. And we've got something else up our sleeve called SecureWatch. This tool is a game-changer for teams who need to keep an eye on their projects 24/7, helping them catch and fix vulnerabilities as they pop up, in real-time.

But what truly completes the picture is our team of auditors. These folks are top-notch, with deep expertise across a range of ecosystems, from EVM to Solana and even ICP, having audited more than 20 projects. This combo of advanced tech and human expertise means we're uniquely equipped to offer comprehensive security solutions.

In developing SecureDApp, what were the most significant technical challenges you faced, and how did you overcome them? Can you share insights into any groundbreaking solutions you devised?

One big challenge we kept running into was how new vulnerabilities just kept popping up all the time. It meant we had to be on our toes, constantly updating our systems and giving our Solidity Shield AI a bit of a workout with regular training sessions. And then there was this whole thing with audits being done just once when a contract goes live. It felt a bit like a "set it and forget it" approach, which, honestly, wasn't cutting it. So, we thought, why not shake things up? That's where SecureWatch came into the picture.

We also saw how developers were kind of flying blind when it came to understanding what's happening on-chain. And debugging? A total headache. That got us working on SecureTrace, a solution designed to provide developers with invaluable insights into on-chain transactions. 

SecureTrace will empower developers by facilitating debugging and enabling simulation of transactions on mainnets, thus significantly enhancing efficiency and effectiveness in blockchain development.

From your perspective, what are the emerging threats in the Web3 space?

As Web3 keeps growing, we're seeing more and more new threats pop up, and they need our full attention. There's this huge issue with immutable contracts—basically, contracts that can't be changed once they're out there. Shockingly, about 95% of them haven't been audited and could be ticking time bombs with vulnerabilities. And with new platforms like ICP and Solana coming onto the scene, things are getting even more complex. This complexity means there's a real demand for skilled auditors who can protect projects, especially those handling big money.

What advice would you give to aspiring blockchain developers who wish to contribute to making Web3 safer and more accessible?

First off, never stop learning and never stop building. The blockchain world is like quicksand, constantly shifting, and to keep up, you've got to stay sharp and keep your knowledge fresh. Next up, really get into the heads of your users. Understand what they need, what frustrates them, and use those insights to build solutions that matter.

Also, as developers, we need to simplify how people interact with blockchain tech. The easier it is to use, the more people will jump on board, and that's what we want—widespread adoption and inclusivity. 

Security, that's another big one. Without trust in the systems we build, we've got nothing, so making sure everything is tight and secure is non-negotiable. 

And don't forget about the core of what we're doing here—decentralization. It's all about giving power back to the people, making things more transparent, and opening up new chances for everyone to benefit. 

Looking ahead, what are your long-term visions for SecureDApp, and how do you see it contributing to the growth and sustainability of the Web3 ecosystem?

Looking down the road, we dream of making SecureDApp a bedrock of trust and a beacon of innovation in Web3. We see ourselves as the go-to for blockchain security, really pushing the envelope on what's possible for the sustainable development of Web3.

We're constantly sharpening our AI, Solidity Shield, and growing our team to ensure DApp security is top-tier, increasing trust across the board. But it's not just that; we're also big on community. Through our DAO, we're looking to turbocharge decentralized innovation, getting everyone involved in shaping the future of Web3. Sustainability is another key piece of our vision. We're all in on eco-friendly blockchain practices because we believe in a Web3 that not only thrives but does so responsibly.

In essence, we're here to help everyone from developers to businesses to regular users navigate the complex world of Web3.

Edited by Harshajit Sarmah