ChainSecurity Partners With PwC To Enhance The Services Provided By The Global Auditor
ChainSecurity Partners With PwC To Enhance The Services Provided By The Global Auditor
January 13, 2020
ChainSecurity Partners With PwC To Enhance The Services Provided By The Global Auditor
ChainSecurity Partners With PwC To Enhance The Services Provided By The Global Auditor
January 13, 2020

ChainSecurity, the smart contract auditing team, partnered with PwC, the Swiss branch of Big Four auditing firm, to enhance the services the global auditor provides.

It has been reported that a PwC spokesperson explained in an e-mail that no acquisition took place and multiple ChainSecurity teams joined the firm. 

However, according to a press release published by the firm on January 5, PwC hopes that, with ChainSecurity’s team, the firm will become “the world’s leader in smart contract auditing.”

Andreas Eschbach, the Head, and Partner of risk auditing of PwC Switzerland and Europe, said in an e-mail:

“As an integral part of PwC Switzerland, the team of ChainSecurity will focus on accelerating PwC Switzerland blockchain audits, including technical audits of smart contracts and blockchain platforms as well that risk hedging services for customers with crypto assets.”

Likewise, Konradin Krieger, the Manager, and Leader of the PwC team of external communications explained that no actual acquisition took place. He also explained that “the core delivery and development teams from ChainSecurity joined PwC Switzerland.”

ALSO READ :  Torus Send Ethereum To Any Reddit Username Or Google Email Account

Krieger noted that Matthias Egli, the COO of ChainSecurity, and Hubert Ritzdorf, the CTO, will be leading the firm’s Smart Contract’s Assurance team together.

He also said:

“We expect market demands to increase quickly as blockchain becomes more mainstream and, as demonstrated with bringing in the ChainSecurity team, we are very invested in building up our capabilities around blockchain in a way where we are ahead of the market. We will continue to grow the team to anticipate these needs based on how we see the market developing.”

When asked about how the capabilities of ChainSecurity’s team will be employed by PwC, Krieger explained that the firm’s customers need a combination of technical and legal skills that can be provided by combining the two companies.

He explained:

“While ChainSecurity previously was only able to offer their technical expertise, in connection with PwC Switzerland they can offer a more useful and more coherent service to their customers. […] PwC’s broad competences around regulatory concerns, ranging from data privacy over compliance to KYC/AML, enable the newly joint team to offer broader and more comprehensive services.”

So, according to its official website, ChainSecurity spun off from the ETH Zurich University’s ICE center blockchain security laboratory and secured over $1 billion in funds so far from major blockchain projects. The team is comprised of PhDs and graduates from ETH Zurich with experience in cybersecurity, program analysis, and machine learning.

ALSO READ :  Russia’s New Prime Minister Mikhail Mishustin Sets Course For Digital Economy

As per the press release, ChainSecurity has collaborated with more than 75 blockchain companies. As it has been reported, the team also discovered a security vulnerability in an Ethereum update.

Thus, the discovery resulted in the developers postponing the hard fork and prevented the vulnerability from being added to the blockchain.

Source: |


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Celebrating Women’s Liberty In Crypto Industry

Celebrating Women’s Liberty In Crypto Industry

With the advent of the industrial and technological revolution, there is a huge impact on the liberty of women in human society, which in turn helped women to be able to give voice and to connect to the whole world....

The Risk Factors In The Crypto Industry For Newbies

The Risk Factors In The Crypto Industry For Newbies

. THE GAMBLE OF INVESTING IN CRYPTOCURRENCIES The crypto industry has been the subject of discussion for over a couple of years. Disrupting the financial sector, cryptocurrency in the form of Bitcoin has seen a massive...

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.