Within any traditional financial system, it is critically important for trust to exist between banking and financial institutions that are custodians of monetary value. The same principle logically follows in blockchain too. Blockchain integrity is critical for successful adoption and there must be trust between participants. This trust needs to be established via the consensus mechanism and the distributed ledger.
To ensure that participants on the network trust a blockchain, it is important to build blockchain applications that not only address the use cases but also have an architecture designed for transaction finality, data privacy protection, business process assurance, and Oracle integrations, with blockchain in software testing the most vital ingredient.
While organizations have put together teams to harness the promise of blockchain, a lack of common standards and practices in implementation is causing project failures. A successful blockchain implementation requires the aggregation of technologies into one ecosystem including DLT, cryptographic security, data storage, consensus protocol, Web 3, dApps, digital assets like crypto, etc. A few of the recent causes for failures include:
Mistakes in the code for a prominent project launch meant that $34m worth of Ethereum (ETH) was rendered apparently inaccessible and locked in a flawed smart contract. A DeFi protocol bug accidentally gave $90m to users. Any further changes to the protocol required a seven-day governance process to make their way to production. Another DeFi protocol gave out more rewards than intended. Hacks resulted in the loss of over $26m, rocking several prominent DeFi projects including Uniswap, Lendf.me, Hegic, etc.
These prominent blockchain losses and mistakes may have been prevented with a well-thought-out comprehensive strategy for blockchain testing and blockchain application testing. A comprehensive blockchain application test strategy would start by taking into consideration blockchain architecture and how it is different from typical client-server architecture. Similarly, test environments and ecosystem knowledge are vital to effectively test various layers of architecture to validate blockchain integrity.
At ZenQ, now a Qualitest company, we’ve partnered with clients working on blockchain projects right from the early stages to implement their blockchain test strategy. Our blockchain testing services and blockchain application testing focus on blockchain integrity, crypto testing, DeFi testing, Web3 testing, Web3 penetration testing, and dApps testing, with bigger-picture scalability and vulnerability testing, factored in too.
If you need more information and have queries, reach us and our experts will be happy to assist you.