 Everyone, welcome to the special CUBE conversation here in Palo Alto, California, CUBE Studios. I'm John Furrier, host of theCUBE, founder of SiliconANGLE Media. We're here for some exclusive news around security audits, blockchain smart contracts, and a hot new startup, Amber Data. We have the chief operating officer, Tong Tong Gong, who's here, chief operating officer, Amber Data. Great to see you. You guys, I've interviewed Sean Douglas, the CEO founder before, and when he was really getting the technology going, amazing progress. We have some exclusive discoveries here. Welcome to theCUBE. Thank you. Thank you. Thanks for having me here. And it's awesome. We've done so much in the past couple of weeks and I'm really excited to announce that we have taken security audits, automated that to be able to provide automated as scale security audits for all the smart contracts on Ethereum through our platform. This has been a huge problem. We've been covering it for the past year with Vidya, but also on the blogs. Ethereum specifically has been the developer chain of choice. People are using Ethereum, it's literally programming on it. And that's what a lot of the Dapps, decentralized apps, which we think are going to be a tsunami of, and we're a big bullish on it. But the problem is, is that everyone rushed with these ICOs and they didn't think about, hey, we better make sure our token generating event works because they got to do a smart contract on that. And then ultimately these marketplaces that will be emerging from the apps through the communities will be a lot of smart contracts as the transaction of choice. This is what is the benefit of token economics. The problem is security. The security audits have been a pain in the butt. They've been expensive and there's been a time lag in getting it done. So you got a time factor too slow, too expensive and it was last minute. This has been a huge problem. Are you saying that you solve that problem? Well, yeah, kind of. So give you some stats. There are about 7.8 million to 8 million smart contracts unchanged today. On average, it's about 500, 600 smart contract gets deployed every day into MenNet Ethereum. And so what we've done, we talked to a lot of security teams that's in this space and at the end of the day, everybody use the same tools, set of tools to perform security audits. What we have done is, we programmatically did that so we can run security audits on every smart contract on-chain. So we launched this feature last Friday. What we did is we picked the top 2000 smart contracts based on transaction volume on the MenNet and we performed the audits on those. And last night, yeah, three days later, we performed all 8,000 smart contracts that's been created and deployed in the past 90 days. So the top 2000 active ones and then the 8,000 recently deployed ones, we performed security audits on those. So this is pretty incredible. So I wanted to make sure I get this right because I think if this is the case, this is the first ever automation or DevOps-like approach to smart contract audits and security. So let me just kind of slow down to your mind. So today, most people have to go in and manually look at code reviews or use some tooling to do that. And then they get like a report. This has been doing on a console, no, many. Hot Show does that, many more do it. And they're bringing tools to the market there too. But I don't think anyone's actually automated at volume. So you're saying you're automating, ingesting data from the chain. Mm-hmm. We'll analyze the bytecode as well as the source code to identify vulnerabilities and issues, things like integer overflow into their code. And we actually assigned custom, we have our own scoring system to score basically the vulnerability exposure of the smart contract. Okay, so I want to just kind of push back on that because I'm skeptical. So you do byte review. Byte code. And byte code and source code review. And then it's a black box and you type up a report or you actually do, you flag the code itself. Do you service it automatically? Does that happen automatically? So take me through what you do manually and what happens with the computers. What is automated? It's everything's automated. So we integrated the tools that every security expert use in this space today to run the security audits on the smart contract and the byte code. And then we flag the particular source code and function calls that's flagged with the issue. That's in the code itself. That's in the code itself. And that surface through our website, through our console, and you can actually see it. You can search on any smart contract and the console dashboard will show you the real time live streaming events of your smart contract function calls as well as the model. This is amazing. So, okay, so this means that you can save a lot of time. Love this feature. This is exciting. This is actually the first news I've ever heard of this. So I want to make sure I get it right. How many contracts can you do? How fast does it take? So you mentioned you've ingested on last week stuff off the chain. How many contracts was that? We did last week, 2000. And then up to last night we finished 8,000 smart contract scans. We'll continue to do that for every smart contract. How fast is this? I mean, back when I was learning how to code for the first time back in the old days, you hit press a button, they have a compiler and you got a bug in line, syntax error, there it is. That's normal kind of old school computer science, syntax, compiler, interpreter, whatever you want to call it. It sounds like you're doing something similar. The same kind of speed. It's code review, analysis of the contract security through the tools. How fast is it? I mean, how long does it take to do a review of one smart contract, for instance? I don't know that. I will say minutes. Not days. No, it's not like it goes out and hourglass and it'll check your email, be there. Happens pretty much on the fly. Happens pretty much on the fly, real time. So how many contracts can you guys do in a day? We've done 8,000 in three days, so a lot. And that, we have 10 machine running right now. So you throw some cloud at it, scale up. Exactly, scale up. Scaling out is easy to do, just go. Our goal is to basically make it very easy for developer to understand the state and health of a smart contract. And then they can go find consultant experts to fix those vulnerabilities and issues. Yeah, this is going to be a rising tide. I think rising tide floats all boats when you have these emerging markets. You move to the next problem and you do, Jeff Frick always says that on theCUBE and he's right. You take away security. You're now enabling this tool for these consultants to actually add more value. Exactly. Is that the focus? Do you guys even know who's going to use this tool yet? Obviously, this is a game changer. I mean, if I'm a data scientist, I love this. But also, I'm a trader. I might want the data. I'm a risk management, audit, compliance person. So, you guys? Yeah, like, I'm a data. One of our missions has always been providing enabling infrastructure, enabling tool sets to allow developer to allow operators to allow the industry, to allow business to adopt blockchain. That's always been our mission. And we have built this blank like, you know, search and a feature for, you know, blockchain. We have built APM, we have built the similar mix panel. It's all about providing access to data and to information to allow everyone to have a better understanding, better transparency into the state and health of the blockchain, the state and health of their smart contracts. So that's, you know, in line with what we're doing. So tell me about the scoring thing, because okay, I love this automation. I think that's a game changer. So congratulations. This is the first I've heard of it. I think this might be the first news in the industry out there. How does it work beyond that? What else do you guys do? You ingesting, you adding overlays to it. I mean, what is the focus next? I mean, you're ingesting it. You're doing some security audits. Where does it go from there? So we're actually working with the Web3 Data Foundation. So the Web3 Data Foundation is building a decentralized data marketplace to allow everyone in the ecosystem to list, subscribe, consume, distribute, monetize data assets that's generated by blockchain and data that's on blockchain. So what's the URL for that? Web3? Web3data.org. Three the number or three? The three the number. So Web3data.org. Data.org, yeah. Okay, and is that an open community? Is that a foundation? Yes, that's a nonprofit foundation. And I believe they're launching a token, Web3data token, and Amber Data is working with the Web3data Foundation as a launch partner to utilize the data ingestion pipeline we have built and to serve up all the data for everyone to have access to it. Okay, so what's your business model of Amber Data? Are you going to have your own token? Are you going to use the foundation? Is the token holding place? Can you just take us through the relationship of Amber Data with the foundation? Because I mean, I get the foundation, but what you're doing here is you're essentially building IT operations into the blockchain, which is when scaling things with automation, which certainly is only going to get better with more compute and AI and other cool things. So I love that. How do you make money? Is it a token model? Is it just classic? Do you get paid? So what's the relationship? Is the foundation issuing tokens? Do you have your own token? Take us through that. So the Web3data Foundation is the one issuing the token and we are the launch partner. So we're using the blockchain agnostic data ingestion pipeline that we can ingest all the data. And we're building together, building the data marketplace, using smart contract to enable everyone to list, curate, consume, distribute, monetize the data. It's because if you think about it, right? Data on blockchain is just a fraction of the data out there. And as SAP development going on, as a trading application going on, there's a lot of data guns. So it's going to be generated by blockchain as well. And those data is now getting captured, analyzed, and utilized today. And I think today as a trader, investor, or as a developer, people don't have access to this data, have data-driven decision to help them continuously improve whether it's application or investment decisions. So the data marketplace will enable everyone to be able to have that access. And it also might enable more faster acceleration of decentralized applications. Which Fred Kruger and I were talking on Twitter, I mean, Facebook about this, that we think that's the killer app is going to be the tsunami of apps coming. But all these chain problems are out there. So it's a little bit of a resetting going on in the industry. Obviously you see that with some of the pricing and funding and everything, but for the most part, we see a big market coming. So I got to ask you the obvious question from there is which chains are you supporting? You mentioned main net, which is great for Ethereum. What up? Today we're supporting Ethereum main net and Rinkabee, the test net. We also support Aion's main net and test net. We also support Stellar. We're working on EOS and Tron as well. And so we have open source our data collector to allow community to contribute to that. And we'll use both the data token to incentivize the community to contribute, to verify, to enrich the data. So I got to ask you the security question. Maybe this might be for more of the nerds and the geeks built down in the product level, but maybe you can get it is security is huge. So I'm skeptical you're doing scoring. What can you be hacked? What's the security answer to that? Like, well, if she's controlling the score, I might want to spoof the code and take over and say it's okay. The code we get is actually on-chain. It's the code that you deploy on-chain. So good luck spoofing the data on, you know, unblocking. That's the whole point of blocking. So it's already answered. Yeah, so yeah. That dumb question, I got that. Thanks. Oh, that's dumb questions. All right, so what's the next for you guys? How big are you guys? What's the story? I've been following you guys on Twitter and Telegram. You've been traveling a lot. What's the update on the company? What's the status? So we are, we're a long-term partner of Webster Data Foundation. Right now there's a token sale. We're in the middle of closing our pre-sale. It's a SAFT offering. And we're building and expanding the team as we're speaking. How much are you raising on the SAFT? Can you talk about that or? No. No, okay, you might say the number. Yeah. Yeah, just be careful. It's hard to raise too much. So the foundation and you guys, okay, so how do I want to ask you a personal question? Because we love women in blockchain where the satoshis female shirt or as much as I can. How did you get into this? Because this has been, there's a lot of women coming into blockchain more than people are advertising. So, you know, I'm seeing a lot more women in tech, certainly women in crypto, blockchain and crypto. You guys are doing it like a most of cloud DevOps serious venture here. How did you get into this? What's your story? I've always been a cloud girl. I started my career building utility computing, enterprise grid computing, right? That's when I was 23 years old and working for Axiom in the data center in Arkansas. And I'm the only one that were high heels in data center and get stuck in the vent, you know? So that's, you know, my background. So it's not far stretched from to understand blockchain and the use case of if you talk about distributed computing, distributed storage. So it's very natural for me to, from technology perspective, get into the space. And on personal note is that I really believe decentralization and I believe the change is going to make to our life and our offspring's life in the future. It's real, you think? It's real. It's a real trend. It's here to stay. So what's your vision of blockchain? What are people not getting? Obviously, there's a lot of scams out there that have kind of tainted on the ICO side, but what are people missing? When you talk to people, you have kind of like, oh, I get it. And then people kind of, I don't really see that. What's the main thing are they missing? What's missing? I think it's missing that killer dap to actually get people to realize, oh, it's actually easy to use. I don't have to think about the inner workings and it just works, right? My mom still lives in Beijing. I talk to her on Skype all the time. She's not worrying about TCPIP. She's not worrying about how is this phone not getting encrypted or not encrypted? You know, what's my network bandwidth? She just used the phone and called me, right? Like I'm right next to her. I think I just would develop building the adapts and people don't think about they're using blockchain. They just use it. It's like explaining it to like a parent or someone who's not technical. Hey, how does the internet work? Kind of just type a keyword into the browser or search engine. Instead, it's today, it's more like, hey, you know how BGP works and you know how packets move around? Like it's so hard to explain. So it's got to be easier. Totally agree. Totally agree. Well, Tong, thank you for coming on theCUBE. Appreciate it. Great update, exclusive news. Automation, bringing cloud computing and utility computing. Real geeky stuff to the table here. This is theCUBE conversation. I'm John Furrier with Amber Data, COO, Chief Iron Tong Tong Gong here inside theCUBE. Thanks for watching.