Web3 Applications Security and New Security Landscape: Theories and Practices

With the recent debacle surrounding the cryptocurrency exchange FTX and the crypto trading company Alameda Research, the importance of grasping the security and regulation of Web3, cryptocurrency, and blockchain projects has been magnified. To avoid similar economic and security failures in future Web3 projects, this book provides an essential guide and a comprehensive and systematic approach to addressing security concerns. Written by experts in tech and finance, it provides an objective, professional, and in-depth analysis of security and privacy issues associated with Web3 and blockchain projects.

The book primarily focuses on Web3 applications and ecosystem components such as the stablecoin, decentralization exchange (DEX), decentralized finance (DeFi), non-fungible token (NFT), decentralized autonomous organization (DAO), and crypto exchange. It also discusses various security issues and their manifestation in Web3 such as ransomware, supply chain software attacks, AI security, and quantum security. Moreover, it provides valuable countermeasures and best practices for individual users as well as Web3 application development teams to consider when designing and implementing Web3 applications.

This book is an excellent resource for a diverse range of readers and will particularly appeal to Web3 developers, architects, project owners, and cybersecurity professionals seeking to deepen their knowledge of Web3 security.

Ken Huang is Chair of the Blockchain Security Working Group for Cloud Security Alliance Great China Region (CSA GCR) and the author of multiple books both in English and Chinese on blockchain and Web3. Over the past 20 years, he has worked on application security, identity and access management, and cloud security for the fintech industry as well as federal civilian agencies. He has been certified as CISSP since 2007 and as CEO of DistributedApps, he provides cybersecurity consulting services on Blockchain and AI for startup companies globally. He is an invited speaker to numerous local and global conferences in Blockchain, AI, and Security including Davos WEF, CoinDesk Consensus, IEEE, ACM, World Bank, Stanford University, UC Berkeley, Bank of China, and Huawei.

Carlo Parisi is a smart contract auditor and an Italian content creator who has been involved in the crypto industry for many years, conducting his first bitcoin transaction in 2013. He completed his bachelor’s degree in Computer Science from the University of Bari Aldo Moro and has gained several years of experience working as a developer in both Java and Solidity. In 2022, he joined Hacken as a solidity smart contract auditor.

Lisa JY Tan is the founder and lead economist at Economics Design, a research-focused consultancy for digital ecosystems. In the academic world, she contributes to research work in various fields like math and economics, while having practitioner exposure with startups and global businesses. She’s also one of the leaders in a United Nations x Stanford University project on regulating digital currencies. She is also the author of Economics and Math of Token Engineering and DeFi, a research-based textbook.

Winston Ma, CFA is an investor, author, and adjunct professor in the digital economy. Most recently for 10 years, he was Managing Director and Head of the North America Office for China Investment Corporation (CIC), China’s sovereign wealthfund. Prior to that, Mr. Ma served as the deputy head of equity capital markets at Barclays Capital, a vice president at J.P. Morgan investment banking, and a corporate lawyer at Davis Polk & Wardwell LLP in New York. He was selected as a 2013 Young Global Leader at the World Economic Forum (WEF) and has been a member of the Council for Long-Term Investing and the Council for Digital Economy and Society. He has been a member of the New York University (NYU) President’s Global Council since its inception, and in 2014 he received the NYU Distinguished Alumni Award.

Dr. Zhijun William Zhang is the Technology and Innovation Adviser at the Bank for International Settlements (BIS) Innovation Hub – Nordic Centre, where he focuses on cybersecurity and resilience for future financial market infrastructure. Prior to that, he was the lead information security architect at The World Bank Group (WBG), where his team is responsible for security architecture design and assessment of all technology platforms and business solutions. William received his BS degree from Peking University, and his Ph.D. from the University of Maryland, both in computer science.