Driving innovation in enterprise settings can be challenging, particularly since planning and executing blockchain projects add layers of complexity and a variety of risks. Soelene Justus, our Product Marketing Lead, explains the new capabilities of Quant Smart Audit and how it helps organisations mitigate risks and future-proof their infrastructure.
Blockchain projects’ short and recent history is filled with accounts of ambitious plans and expensive failures. Given the technology’s evolving landscape and lack of expertise in many instances, it’s no surprise that organisations often struggle with defining the right infrastructure and execution path for their use cases.
So, how can technical leaders know if their projects are set up for success, and how can they select the proper foundation to unlock value and future-proof their infrastructure?
We are expanding our blockchain consultancy services from the team behind some of the world’s most complex DLT projects, such as Project Rosalind and the UK RLN, under our Quant Smart Audit services.
When should organisations seek advice on their blockchain project?
At an elemental level, organisations should be clear on whether their project needs to be powered by DLT. Whilst the technology can bring clear benefits, some use cases can be supported by traditional systems.
Once that is defined, choosing the elements of the infrastructure and ensuring its security should be top-of-mind.
Security in the blockchain world goes beyond the tech stack and involves smart contracts, which, once going live on a blockchain, can be accessed by everyone. Unfortunately, there is no shortage of stories involving malicious actors taking advantage of code vulnerabilities for financial gain.
With over $1.5 billion in blockchain exploits in the first half of 2024, hacks are clearly on the rise within decentralised and permissionless systems.
This is why smart contract auditing is such an important part of our services.
What is Quant Smart Audit?
Quant Smart Audit is our blockchain advisory service that provides organisations with expert advice and actionable insights to kickstart or enhance their blockchain project.
Quant Smart Audit enables organisations to make informed decisions that will allow them to identify the most appropriate use case, mitigate potential risks and future-proof their infrastructure. Whether they‘ve already kick-started a blockchain project or are looking to understand how and where it can add value, we’ve developed three plans to serve businesses at various stages of blockchain implementation.
- Build – This plan is designed to help organisations yet to embark on their blockchain journey. It involves working with the Quant team to select the right architecture, added services and basic standards that will power their specific use case
- Protect – The Protect plan is targeted at organisations that have already begun their blockchain project who could be looking for more advanced architecture needs and to safeguard their smart contracts and interoperability protocols
- Comply – For organisations with sophisticated blockchain projects underway, Comply helps ensure alignment with relevant standards to future-proof their use case and infrastructure choices
Book a meeting here if you would like to learn more about how Quant can help you assess your blockchain readiness.
How Quant can help