Ethereum Trust Alliance

Ethereum Trust Alliance, a global coalition of professional security organizations brought together to increase trust in the Ethereum ecosystem. Today we are very pleased to announce the formation of the Ethereum Trust Alliance (ETA). The ETA is a group of global blockchain security companies that are creating a security rating system for smart contracts to help users gain greater awareness of smart contract security and differentiate contracts which have gone through rigorous security checks. The founding members are MythX, Quantstamp, Runtime Verification, Sooho, SmartDec and ConsenSys Diligence. The Ethereum ecosystem is growing, but for it to truly become a global settlement layer for all types of transactions across all types of industry sectors, there must be an indicator of the level of trust in the security of smart contracts that power those transactions. Automated analysis tools and audit firms have become more sophisticated in the ways in which they can assure a developer that smart contract security issues are found and fixed. The industry has further made sure that best practice guides, and lists of known vulnerabilities are well known. Yet for the industry to further evolve, we believe that a ratings system for security in smart contracts is absolutely necessary.