Blockchain technology and cryptocurrency are poised to disrupt current business and financial norms within the next few years. As intertwined as the two terms have become, they are separate entities, linked to the cryptography. Cryptography is the practice of secure communication for various purposes including secure communication, data integrity, and non-repudiation. Blockchain technology is a decentralized list of records that are linked together and secured by cryptography. Cryptocurrency on the other hand are digital assets that use cryptography to secure transactions – popular cryptocurrencies include Bitcoin, Ripple, Ethereum and Dash. The easiest way to understand the relationship between the blockchain and cryptocurrency is to think of the blockchain as a shared financial ledger with cryptocurrency layered on top of it. They are separate concepts, but counterparts in functionality. Even though blockchain technology and cryptocurrency utilize cryptography to maintain a high level of security, use of them is not necessarily secure or easy.
The experts behind McCann Global Investigations recognize the disruptive power these technologies have. They may come to revolutionize business and financial operations from a personal to corporate to potentially global scale. With this new era of technology, however, comes a new set of risks. McCann now offers a wide breadth of consultancy services relating to blockchain technology and cryptocurrency in order to help you adapt and stay secure in the developing landscape.
Blockchain Consultancy Services
Blockchain technology and its secure system of record-keeping will likely impact how companies and organizations store data in the future. The system is only secure when executed and maintained properly however, and quickly and effectively mastering the learning curve is best accomplished with the assistance of subject matter experts.
As a pure play consultancy, we we’ll guide you through adapting your business model to best incorporate blockchain technology, allowing you to choose the functional developers and coders to put our best practices into action. We will however, assist you in choosing the right people, if necessary. Once the technology is in place, we will help evaluate your security and instruct you on how to improve it. Our proprietary security testing methods will help prepare you for even the most malignant threats.
McCann’s staff of forensics and cyber investigations experts are here to help your organization pivot into this emerging paradigm shift of new technology. We now offer a wide range of blockchain consulting services, including:
- Helping you understand the impact blockchain will have on your line of business
- Identifying the complex regulatory environment you will have to navigate and guiding you through compliance and enforcement matters
- Provide advisory services to help assess disruptive business solutions that leverage blockchain technology
Cryptocurrency is already becoming an important asset in personal and business finance. Just like blockchain technology, while it offers an advancement in many fields, especially financial safety, when improperly executed it leaves you vulnerable to material loss of assets. In the current regulatory field, cryptocurrency is treated as a bearer asset. This means whoever holds access to the account the cryptocurrency is in, or the key linked to specific coin, is considered the rightful owner. If you leave your digital wallet vulnerable and someone steals your Bitcoin, Ripple, Ethereum, Dash or other coins, those coins are now considered theirs.
Complementary to our blockchain consulting, we also offer a range of cryptocurrency consulting services to help you make the best and safest choices. Some of our services include:
- Identifying how cryptocurrency will impact your line of business
- Guide you through the complex regulatory environment alongside other compliance and enforcement matter
- Teaching you how to buy, sell, transfer, and store cryptocurrency in the safest manner possible
While McCann experts can advise you how to best transact with cryptocurrency, we are not a cryptocurrency trader and will not buy Bitcoin, Ethereum, Dash, Ripple or others for you. That requires the use of a registered financial exchange, which you would need to contract outside of our services. Just like with our blockchain consulting, we will also test how securely you manage your cryptocurrency and provide solutions upon evaluation.