A newly proposed standard aims to enhance Ethereum smart contract security by allowing anyone to verify audit information on-chain.
Ethereum Request for Comments -7512 is a proposed standard aiming to enhance Ethereum smart contract security by standardizing on-chain verification of smart contract audits.
The objective of ERC-7512 is to ensure that audit details, such as who conducted the audits and their findings, can be parsed by contracts to verify their authenticity. As of now, audits are manually presented by teams with no representation of their authenticity on-chain. “While permissionless innovation allows anyone to build anything, for actual use cases to emerge, we need to create a layer that will enable us to verify the security of contracts that interact. This visibility is currently missing,” said Richard Meissner, co-founder of Safe and one of the authors of ERC-7512.The proposed ERC-7512 could potentially bridge this security verification gap, allowing developers to enable more thorough audit checks and create reputation systems around audits.
It is yet to be determined whether the core Ethereum developers will accept and implement ERC-7512 as a standard.
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