Collaboration for Enhanced Fund Security: Certik and OKLink Introduce Freeze Asset Request FAR Standardization

Singapore, Sept. 12, 2023 (GLOBE NEWSWIRE)

OKLink, a leading Web 3.0 on-chain data provider under OKG Technology Holdings Limited (1499.HK), and CertiK, the frontrunner in blockchain security, today announced a collaboration pioneering the Freeze Asset Request (FAR) technical standard. This initiative seeks to simplify incident reporting pathways and expedite the freezing of stolen assets.

Blockchain technology has revolutionized the way we think about security, but as the industry grows and evolves, new challenges arise. One such challenge is the need for standardized procedures when it comes to freezing stolen assets. In the fast-paced world of cryptocurrency, time is of the essence when trying to recover stolen funds, and collaboration between companies like CertiK and OKLink is crucial in addressing this issue.

The Freeze Asset Request (FAR) standardization initiative is a groundbreaking step towards enhancing fund security in the blockchain space. By streamlining incident reporting processes and creating a standardized protocol for freezing assets, this collaboration will make it easier for companies to respond to security breaches quickly and effectively.

As leaders in their respective fields, CertiK and OKLink are uniquely positioned to drive this initiative forward. CertiK’s expertise in blockchain security combined with OKLink’s Web 3.0 on-chain data capabilities make them the perfect partners to introduce the FAR standardization.

With the introduction of the FAR standard, companies operating in the blockchain space can rest assured that there is a clear and efficient protocol in place for dealing with security incidents. This will not only help prevent further loss of funds in the event of a breach but also strengthen trust and confidence in the industry as a whole.

How This Will Affect Me

As an individual investor or cryptocurrency user, the introduction of the FAR standardization will provide you with added peace of mind knowing that companies are working together to enhance security measures. In the event of a security breach, you can be confident that there are standardized procedures in place to help recover stolen funds and mitigate losses.

How This Will Affect the World

The collaboration between CertiK and OKLink to introduce the FAR standardization is a significant development for the blockchain industry as a whole. By standardizing procedures for freezing stolen assets, this initiative will not only enhance security for individual companies but also elevate trust and credibility in the industry, paving the way for further innovation and growth.

Conclusion

The collaboration between CertiK and OKLink to introduce the Freeze Asset Request (FAR) standardization is a major step forward in enhancing fund security in the blockchain space. By simplifying incident reporting pathways and expediting the freezing of stolen assets, this initiative will have a positive impact on both individual investors and the industry as a whole. As the blockchain ecosystem continues to evolve, standardized protocols like FAR will be essential in ensuring the security and integrity of digital assets.