Bitcoin Forum

Microsoft has revealed it is organizing a working group dedicated to improving smart contracts security.

Named 'Kinakuta', the group aims to make it easier for the industry to share information and tips about smart contracts, the term that somewhat loosely has come to refer to self-executing blockchain-based code.

Yet even while incumbents increasingly express interest in the idea blockchains could come to automate complex transactions, concerns about this use case have grown after a vulnerability led to the collapse of the technology's first large-scale implementation, The DAO.

Since then, there has been a growing realization that smart contracts are new and can sometimes be dangerous if used improperly.

However, Microsoft's director of business development and strategy Marley Gray believes open information and new tools might help developers avoid future mistakes.

http://www.coindesk.com/microsoft-launches-smart-contracts-security-working-group/