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Attack Vectors for Blockchain and Mapping OWASP Vulnerabilities to Smart Contracts

Akashdeep Bhardwaj and Sam Goundar

Chapter 6 in Blockchain Technologies, Applications and Cryptocurrencies:Current Practice and Future Trends, 2020, pp 139-156 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Smart contracts powered by Blockchain render transaction processes more effective, secure and efficient when viewed alongside conventional contacts. Smart Contracts facilitate a trustworthy process and are characterized by time efficiency, cost-effectiveness and transparency, without any necessity for intervention by third-party intermediaries like lawyers. While Blockchains can counter, in a good way, traditional cyber-security attacks on Smart Contract Applications, cyber-criminals keep evolving new mechanisms of threats and attack vectors, capable of hacking Blockchain technologies. The research done in this chapter presents a unique framework to perform Application Security Testing on Blockchain-based Smart Contracts and also compares Manual Penetration Testing with two automated Smart Contract tools to identify critical vulnerabilities on the commercial scale in the Blockchain environment.

Keywords: Blockchains; Cryptocurrencies; Distributed Ledger Technologies; Bitcoin; FinTech (search for similar items in EconPapers)
JEL-codes: G20 L86 O3 (search for similar items in EconPapers)
Date: 2020
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