At the 3rd Global Blockchain Summit held in Shanghai hosted by Wanxiang Blockchain Labs, Gnosis co-founder and CTO Stefan George, Huawei executive Huang Lian Jin, Factom founder and chief architect Paul Snow, and Stellar co-founder Jed McCaleb discussed the security issues of emerging blockchain projects. In particular, they emphasized the importance of conducting audits with a large community of developers to prevent potential technical problems. The security, privacy, and scalability issues faced by blockchain are unprecedented because decentralized applications and protocols have never been tested before. As blockchain projects such as Gnosis, Factom, and Stellar, along with technology conglomerates and financial institutions,…
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