Quantstamp is an audit protocol for securing smart contracts. As the usage of smart contracts becomes more prevalent, it is important for the industry to maintain a certain level of security to improve users and investors' confidence. The recent security issues in smart contracts such as Parity Wallet Hack or the failure to launch Bread's ICO highlight the importance of having a tighter control over the security of smart contracts. Thus, the demand for Quantstamp's audit services will only increase in the near future.
The unique features of Quantstamp over other traditional audits are:
1) Scalability - Quantstamp leverages on the verification nodes in the blockchain to perform audit for smart contracts. Thus, it is able to scale audits efficiently and be able to maintain the quality of checking.
2) Trustless - Unlike traditional audits where the users are required to trust the audit company, there is no such trust required for Quantstamp. This will reduce the possibility of having bad actors jeopardizing the whole audit.
3) Platform agnostic - Whilst the current focus of Quantstamp is on Ethereum (because it is the market leader of icos), the audit services will extend to other platforms such as NEO in the future.
Key events in 2018:
1) Y-combinator demo (seed accelerator programme for previous companies like airbnb and dropbox)
2) Mainnet launch
3) Airdrop events