Decentralized applications and ledgers are built on the strong possession of accountability as a top parameter and is also one of the core topics of the implication on digital timestamping. Accountability has been a major stand out in the Blockchain realm as decentralized applications boast of the security and immutability as a unique selling proposition. The scrutiny to falsify this claim is always been going about in the industry. Audit is traditional way for any tech or non-tech entity to gain accountability and legitimacy.
There are various aspects in a Dapp audit that are subjected to audit process. The thorough and systematic audit process makes sure to scrutinize the entity with respect to different criteria and guidelines that expected on allied technologies.
The Dapp’s complete intent, working and the purpose it serves is put under the scanner. The application is matched with the initial whitepaper and checked for deviations. As the whitepaper serves as a nonlegal protocol of the entire DLT and its operations; a complete analysis of conducted on the Whitepaper or proof of work that is showcased to potential investors or consumer at the initial stage.
The immediate phase would be to check for the functionality and check with mutual and supporting that aide in the working of the Dapp. Any escalations detected would be in the final audit report subject for consideration if the party is willing to sort out a fix for the detected setbacks
Database auditing involves observing a database so as to be aware of the actions of database users. Database administrators and consultants often set up auditing for security purposes, for example, to ensure that those without the permission to access information do not access it.
With the recent privacy restrictions such as the GDPR coming into play, the need database working and sharing transparency is all time high. And the trend is swaying more towards consumers having better control over their data.
Security auditing would comprise of a complete analysis of the safety measure with regards to data, working and networking within the decentralized application. Various test and scenarios would be played out to understand the security strength. Also the international security standards are expected to be followed with the application.
One more way of making sure that the application is legitimate and concedes a certain benchmark is through International and digital compliance standards. At this phase of auditing we make sure the application adheres to the relevant and necessary compliance. It is also matched with the latest in the latest development in world of tech compliances.
At this phase of the base of all functionality i.e. the platform it operates on is audited for any known or unknown contingencies. Most common parameter considered in the platform audit phase is the stability. How well it support and takes the functionality forward at the same time adhering to all the above listed levels of auditing.