Singapore-based tech startup Bunzz, in its efforts to remediate the challenges plaguing traditional smart contract audits, announced it has officially launched “Bunzz Audit,” an AI-driven smart contract auditing service.

With the launch of “Bunzz Audit,” the company aims to provide fast, cost-effective audits powered by AI, catering to projects with limited budgets or those in the developmental stages.

Notably, the audit service aims to provide users with actionable insights for security improvements, scanning contracts from over 100 perspectives using AI and an extensive database. This ensures comprehensive coverage and accurate vulnerability identification while mitigating human error risk.

Bunzz Audit Vs Conventional Audit Firms

Unlike conventional audit firms, which often charge exorbitant fees ranging from $10,000 to $1 million, Bunzz Audit offers comprehensive security checks at only 10% of the traditional cost. The process is streamlined, with reports generated ten times faster and cheaper than traditional methods.

While audit firms are usually charged with two basic responsibilities: comparing their clients’ contracts with known patterns of vulnerabilities to find any weaknesses and looking for vulnerabilities that might come from how the project is set up or how it works, Bunzz audit performs these responsibilities using a redefined approach.

Humans usually check the code for the first task to find these vulnerabilities. However, because different auditors have different levels of knowledge and skills, mistakes can happen.

Bunzz Audit uses a big database of known vulnerability patterns to solve this. They also use AI to look at the code from many different angles. This way, they can catch more problems accurately and without missing anything.

Bunzz believes that using a mix of this database and AI is better than relying only on humans to find vulnerability patterns.

For the second task, which involves checking for project-specific issues, Bunzz Audit has professional auditors who specialize in this. Notably, Bunzz Audit offers flexibility to clients by providing two types of audits: a code review and a comprehensive audit that includes code analysis and project-specific logic assessment. This ensures that projects receive tailored audit solutions suited to their needs.

One of the key challenges of traditional audits addressed by Bunzz Audit is the delay in product launches or token listings caused by lengthy audit processes. Using AI, Bunzz Audit expedites the auditing process, allowing projects to proceed without unnecessary delays.

To boost adoption from enthusiasts, Bunzz is currently offering a 10% discount promotion code, making audits available for $1,791. This fixed fee structure remains constant regardless of the amount of source code, or vulnerabilities found, offering an unparalleled return on investment.