Fujitsu Touts New Tech to Detect Ethereum Smart Contract Bugs

Japanese IT giant Fujitsu has revealed a new technology that it says could help to mitigate problems with ethereum's smart contracts.

AccessTimeIconMar 7, 2018 at 9:30 a.m. UTC
Updated Aug 18, 2021 at 8:24 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Japanese IT giant Fujitsu has revealed a new technology that it says could help to mitigate problems with ethereum's smart contracts.

In a statement released Wednesday, Fujitsu said the new system aims to detect in advance the risks associated with a smart contract source code on ethereum. In effect, the tech helps the blockchain authenticate the source call that triggers smart contract transactions.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Smart contracts are a primary feature differentiating ethereum from bitcoin, enabling developers to build applications on top of the ethereum blockchain to automatically execute programming orders (or contracts).

    However, Fujitsu said that, currently, there are six common risks associated with the platform. While existing technologies are capable of solving most of those issues, the authenticity of the source call still remains problematic.

    For instance, as the firm explained, since multiple smart contracts could have been built indirectly into a blockchain, there's a risk that the system may not correctly execute the original intention of a source call.

    To that end, the new system, a result from joint efforts by Fujitsu's laboratory and its R&D center, is claimed to alert developers of any source code vulnerability that could be exploited to abuse the language of ethereum, and which could ultimately "fake the origin of a transaction."

    In addition, the two divisions also tout the new technology as being able to pinpoint the code location of such bugs.

    In other news, Fujitsu said it will also extend its blockchain research and development efforts to help commercialize Hyperledger Fabric, a blockchain framework developed by the blockchain consortium of which Fujitsu is member. That project is slated for completion later in 2018.

    Fujitsu image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.