SafeBlocks

Company Overview

Snapshot

Founded in March 2018 by Ron Greenbaum and Yogev Lidor, SafeBlocks operated with 1–10 employees. The company secured funding in one round from Taya Ventures. In May 2018, SafeBlocks received seed funding from Taya Ventures.

Business overview

SafeBlocks develops a decentralized application firewall designed to provide real-time protection for smart contracts. Its core technology continuously validates transactions against user-defined policies, aiming to prevent value attacks and unauthorized transactions as soon as smart contracts are deployed on the blockchain. The company operates within the Cyber Security sector, focusing on application and website security, and data security, with a business model targeting B2B clients globally, particularly within the Financial Services industry.

Strategic signal

In October 2018, SafeBlocks announced the development of its smart contract firewall, bringing Web Application Firewall (WAF) concepts to the blockchain space. This signaled an early attempt to address critical security vulnerabilities in decentralized applications by introducing a layer of real-time protection, which was a significant step in the nascent smart contract security landscape at the time.

Company Intelligence Q&A

What is SafeBlocks' primary offering?

SafeBlocks offers a decentralized application firewall that provides an additional layer of real-time protection for smart contracts, defending against value attacks and unauthorized transactions upon deployment.

When was SafeBlocks founded and by whom?

SafeBlocks was founded in March 2018 by co-founders Ron Greenbaum and Yogev Lidor.

What was a key development for SafeBlocks in late 2018?

In October 2018, SafeBlocks announced the creation of its smart contract firewall, applying Web Application Firewall (WAF) concepts to enhance security for decentralized applications.

What is the operational status of SafeBlocks?

SafeBlocks is currently non-active, having ceased operations in April 2019.