Blockchain security firm CertiK migrated its cloud infrastructure in Asia to a cloud computing subsidiary of Chinese e-commerce giant Alibaba.
As part of the deal, CertiK will host its suite of 12 blockchain applications on Alibaba Cloud and use its cloud resources to provide Web3 services.
By hosting its services on Alibaba’s centralized cloud infrastructure, CertiK aims to provide its blockchain developers with a secure environment in which to develop and deploy Web3 applications. Ronghui Gu, co-founder of CertiK said:
“For over five years, we have believed in the transformative power of blockchain technology. We look forward to empowering developers with secure blockchain development and deployment through Alibaba Cloud’s platform.”
Previously, Alibaba Cloud integrated with Avalanche blockchain to power the company’s node-as-a-service initiatives. The partnership allowed Avalanche developers to launch new validator nodes on Alibaba’s cloud infrastructure.
Developers expecting high resource demands during peak hours can use Alibaba Cloud’s additional computing, storage and distribution resources.
CertiK’s partnership with Alibaba Cloud dates back to May 2023, when the former brought its security suite to its blockchain-as-a-service platform.
This deal enabled CertiK’s developers to conduct code reviews, risk assessments, team identity verification and background checks on Alibaba’s cloud infrastructure.
CertiK had initially integrated its smart contract auditing and layer-1 blockchain auditing service and had revealed plans to introduce penetration testing and CertiK’s Skynet due diligence tool.
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In addition to providing the technical competencies for blockchain and Web3 applications, Chinese entrepreneurs and investors are also betting on artificial intelligence (AI).
In May, four Chinese startups focusing on generative AI surpassed $1 billion in valuation to compete with rivals like OpenAI.
The new unicorn companies reportedly include Zhipu AI, Moonshot AI, MiniMax and 01.ai. These companies have received support from local investors and are now looking to onboard talent to develop AI products.
Most recently, Alibaba’s payment subsidiary, Alipay, debuted an AI feature on its payments app. Alipay’s AI service helps users detect early signs of balding.
According to a South China Morning Post report, users can upload pictures of their scalps for processing by an image recognition system trained on thousands of medically relevant images. The app then gives users suggestions, including recommendations for medical care when applicable.
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