In a significant stride towards secure, decentralized travel services, the Camino Network Foundation announces the completion of an exhaustive security audit by leading cybersecurity firm Hexens. Headquartered in Zug, Switzerland, Camino Network is the world's first Layer 1 blockchain designed exclusively for the global travel sector.
Emphasizing Security and Innovation
In a bid to maintain stringent security standards, Camino Network Foundation sought out Hexens—a cybersecurity firm with proven experience auditing blockchain projects like Polygon Labs, Celo, and Lido. The audit exposed and mitigated nine minor vulnerabilities, bolstering confidence in Camino Network's commitment to secure, high-quality code.
Key Takeaways
- Strategic Partnership: Following the audit, Camino Network has entered into a strategic partnership with Hexens for ongoing security enhancements.
- KYC and KYB Compliance: Camino Network now has fully compliant Know Your Customer (KYC) and Know Your Business (KYB) processes in place.
- Democratic Oversight: A governing body can suspend suspicious smart contracts and validators through a democratic voting process.
- Bug Bounty: The Foundation has launched a bug bounty program, offering up to $50,000 for the discovery of critical vulnerabilities.
- Influential Backing: Camino Network is supported by a powerful consortium, including companies like Lufthansa, EuroWings, Hahn Air, and Sunnycars.
Towards a New Era in Travel
Camino Network has paved the way for innovative decentralized applications and smart contracts aimed at revolutionizing the travel industry. With secure technology and robust partnerships, the platform is primed for rolling out groundbreaking use cases, including a Web3 hotel booking service called Sleap.
A Future-Ready Platform
With its focus on security and collaboration, the Camino Network is at the forefront of technological evolution in the travel industry. This milestone audit is a beacon of the Foundation's dedication to offering a secure and efficient blockchain-based travel ecosystem, destined to transform the way we think about travel in the digital age.
For more updates and developments, stay tuned to Camino Network's official channels.
