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BlockScience Joins Open DeFi Bringing Expertise and Tools to Help Make DeFi More Secure

BlockScience, an engineering and analytics firm with experience in economic simulation is the newest addition to the Open DeFi Alliance. A key focus area of Open DeFi is risk management as the space continuously evolves. Blockscience not only brings vital tools that can be used to test new regulatory and security methods, but also the multi-disciplinary knowledge needed for leading a dynamic space like DeFi.

BlockScience was founded in 2017 by Dr. Michael Zargham with the vision to guide the development of systems by providing tools that bridge academic knowledge and real-world applications. They specialize in merging economic and mathematical models to simulate complex systems in areas such as decision theory, game theory, systems engineering, etc. Their tool, cadCAD, is a leading method for simulating, testing, and validating logic like smart contracts in a complex system like blockchains.

“BlockScience is an industry leader in token engineering with their combination of complex systems engineering and crypto-economic insights. As a part of Open DeFi, BlockScience will be an invaluable partner in utilizing their expertise and tools to bring about a safer and more secure DeFi system that can see adoption across Asian and Western markets.”

— Eden Dhaliwal, Global Managing Director at Conflux Network

Security and stability is vital to the growth and legitimacy of the DeFi space. And with many new projects being developed in Asian and Western markets, a standard security practice or protocol is vital for establishing a safe foundation that the future of finance can rely on. BlockScience provides the insight and the tools necessary for Open DeFi to develop, test, and establish these new security standards.

“We’re thrilled to be a part of this impressive coalition seeking to push DeFi to enable greater economic inclusion. When new and innovative technologies spawn the development of novel economic systems having the potential to affect the world, we owe it to ensure they are carefully engineered and rigorously tested. BlockScience utilizes a systems engineering approach to design and analysis of these complex systems and we look forward to working with industry leaders as together we design and build the future economies of our world.”

— Dr. Michael Zargham, Founder and CEO of BlockScience

About Open DeFi

Launched in 2020, Open DeFi is a global initiative that seeks to develop the decentralized financial ecosystem and advance the collaboration of DeFi projects across borders and blockchain networks. Through a unique program focused on risk management, new liquidity strategies, and innovation, Open DeFi brings together global CeFi and DeFi partners to drive the future of finance. Members include Conflux Network, Sequoia Capital, Blockpower Capital, Antelope Holdings, dForce, DeBank, MCDEX, and Shanghai Science and Technology Committee.

For more information, visit: https://www.open-defi.com/

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