We at MuKn take blockchain security by design principles very seriously, as web3 introduces new threats and opportunities for security, privacy and trust.
Blockchain Security by Design Principles
Proper web3 security and trust extends beyond compliance itself. This is not unique to web3 security and applies to web2 security, as well.
However, certain methodologies for secure architecture, testing and mitigation are more relevant for web3 technologies. For example, certain applications of formal methods are more feasible, under certain circumstances.
We at MuKn address security by design principles for web3 systems with great rigor.
How Mutual Knowledge Relates to Security and Trust
MuKn President and Chief Scientist, François-René Rideau, discussed the concept of “mutual knowledge” with Gauthier Lamothe on the Sky Protocol YouTube channel.
The term, “mutual knowledge”, refers to the shared knowledge that everyone in the room has the same knowledge. The concept of mutual knowledge confirms the importance of data availability among participants on a blockchain. If participants are able to see that there is no conflict among participants on a blockchain network, they can trust that something will happen. This limits repudiation related threats, as well as other classifications of security and privacy threats that are commonly discussed in both the Web2 and Web3 spaces.