Platform Security

Overview

The Blade Finance Platform implements enterprise-grade security measures across multiple layers to protect user assets, data, and transactions. This guide outlines our security features and provides best practices for secure platform usage.

Security Architecture

Authentication Security - Multi-Factor Authentication (MFA)

• Passwordless Login: Eliminates risks associated with password-based attacks

• OTP Verification: Short-duration one-time passwords for every login attempt

• Email Verification: Additional verification layer for critical operations

• Session Management: Automatic timeout for inactive sessions

Wallet Security

• No Private Key Storage: The platform never stores user private keys

• Wallet Choice Freedom: Users can choose their preferred secure wallet solution

• Custodian Integration: Option to use regulated custodian wallets for enhanced security

• WalletConnect Support: Secure wallet connection through WalletConnect protocol

Transaction Security

Smart Contract Safety

• Separate Smart contract for each Financing request: Each contract is independent and isolated

• Multi-Signature Verification: Critical operations require multiple approvals

• Automated Compliance: Built-in checks for regulatory compliance

• Audit Trail: Immutable record of all financial transactions

Authorization Controls

• Multi-Layer Checks: Security verification at UI, API, and smart contract levels

• Role-Based Access: Granular control over user permissions

• Dynamic Authorization: Flexible permission management through smart contracts

• KYC/KYB Integration: Mandatory verification before platform access

Security Features by User Type

For Borrowers

• Secure document upload system

• Encrypted storage of financial information

• Multi-signature financing request approval process

• Automated repayment tracking

For Investors

• Secure investment vault

• Multi-signature transaction approval

• Real-time portfolio monitoring

• Automated risk alerts

Best Practices for Users

Account Security

1. Wallet Management

   • Keep wallet recovery phrases in secure, offline storage

   • Use hardware wallets for large transactions

   • Never share private keys or recovery phrases

   • Regularly verify wallet connection status

2. Access Security

   • Use unique email addresses for platform access

   • Enable all available security features

   • Avoid public Wi-Fi for platform access

   • Log out after each session

3. Transaction Safety

   • Verify transaction details before approval

   • Check recipient addresses carefully

   • Keep transaction records

   • Monitor account activity regularly

Platform Monitoring & Protection

Real-Time Security Measures

1. Transaction Monitoring

   • Continuous transaction surveillance

   • Automated flagging of suspicious activities

   • Real-time fraud detection

   • Multi-level transaction verification

2. System Monitoring

   • 24/7 infrastructure monitoring

   • Automated threat detection

   • Regular security scans

   • Performance monitoring

Incident Response

1. Alert System

   • Immediate notification of suspicious activities

   • User alerts for unauthorized access attempts

   • Transaction anomaly notifications

   • System status updates

2. Response Protocol

   • Dedicated security response team

   • Automated threat containment

   • User account protection measures

   • Incident investigation and reporting

Technical Security Infrastructure

Network Security

• AWS infrastructure security

• DDoS protection

• Encrypted data transmission

• Secure API endpoints

Data Protection

• End-to-end encryption

• Secure data storage

• Regular backups

• Data access controls

Emergency Procedures

Account Recovery

1. Contact support immediately for suspicious activity

2. Follow verification procedures

3. Complete security review

4. Implement additional security measures

Transaction Issues

1. Transaction monitoring system

2. Immediate notification of anomalies

3. Automated transaction halting

4. Manual review process

Security Updates & Communications

Regular Updates

• Security feature enhancements

• Protocol updates

• Smart contract upgrades

• User security notifications

Support & Assistance

• 24/7 security monitoring

• Dedicated support team

• Emergency response procedures