FinTechBlockchainBlockchain consultancy launches to address knowledge gap in business

Blockchain consultancy launches to address knowledge gap in business

Companies that push the envelope, particularly those based principally in technology, continually need to optimize their operations and the security of those operations. Lately, blockchain technology has been touted as the solution to those needs.

Blockchain, which encrypts and decentralizes data in a way that makes it both efficient and secure, is new enough that many enterprises don’t yet have a ‘blockchain department’ or expert on their staff. Often this is because the current leaders don’t yet know how blockchain can be embedded into the company’s systems, and there is a lack of qualified blockchain experts available to bridge the knowledge gap.

That is why Ophir Gertner, co-founder of Stox and an expert in blockchain technology and its business applications, has been bombarded with questions from business leaders over the past 18 months. There is a hunger for expertise; and this is how entrepreneur Dror Lupu and Gertner found themselves talking about the need for a consultancy firm that could do more than just address the evolution of blockchain for innovative companies, but also manage the entire ideation-to-integration process in partnership with those companies.

Making blockchain part of business

It was a discussion that led to the formation of Smartologic Technologies, a consultancy and integration firm that specializes in helping companies identify how blockchain technology can fit their business model and tech infrastructure while providing economic benefit, leading such companies through the entire process.

“Blockchain requires customization based on extensive expertise,” says Gertner, “and we tailor everything from concepts, strategies, token economies, blockchain technology  architecture, community-building, cybersecurity, contract development, auditing functions, and even the inevitable white papers that such a collaboration entails.”

A project of this size may sound overwhelming, but that’s why a consultancy that also manages integration is essential. “Our access to crucial resources, such as legal, financial and crypto oriented firms, can shorten development time for potential clients,” Gertner adds.

Not every company is suitable for blockchain technology — yet. But for those who are, this is an excellent time to begin development and gain an edge on competitors

Smartologic looks for clients with accomplished management teams and excellent technological concepts, as these are best-suited for blockchain development. A partial list of their current clients includes Senno, a real-time sentiment analysis platform which recently reached its soft cap target; Buff.game, a blockchain-based loyalty program for gamers; INVioU, a factoring platform that provides financing for SMEs; and Spitball, a decentralized global marketplace for students.

“You can see that we embrace a variety of projects, each needing a different solution and a flexible approach,” Gertner states, noting that Smartologic assembles a dedicated advisory team for each one. Once the client company agrees to the plan, Smartologic leads and manages the blockchain integration project from A to Z.

Gertner has raised more than $100m for his recent projects in the blockchain arena. “Not every company is suitable for blockchain technology — yet,” he says. “But for those who are, this is an excellent time to begin development and gain an edge on competitors.”

Related Articles

Step up risk assessments of cryptocurrencies, warns FSB

Blockchain Step up risk assessments of cryptocurrencies, warns FSB

2w Jay Ashar
World Bank and CBA turn to blockchain for secondary bond trading

Blockchain World Bank and CBA turn to blockchain for secondary bond trading

3w Jay Ashar
Cryptocurrencies are assets, not currencies: Mario Draghi

Blockchain Cryptocurrencies are assets, not currencies: Mario Draghi

1m Jay Ashar
Bank of Canada and MAS perform first blockchain cross-border payment

Blockchain Bank of Canada and MAS perform first blockchain cross-border payment

1m Jay Ashar
Banking blockchain developments driven by customers, says Commerzbank

Blockchain Banking blockchain developments driven by customers, says Commerzbank

2m Austin Clark
Commerzbank completes first Marco Polo transaction pilot

Blockchain Commerzbank completes first Marco Polo transaction pilot

3m Austin Clark
Tech, transformation and treasury: the current position

Automation Tech, transformation and treasury: the current position

3m Austin Clark
IBM launches Blockchain payments network

Blockchain IBM launches Blockchain payments network

3m Austin Clark

Whitepapers & Resources

Enhancing treasury through digital transformation

Automation Enhancing treasury through digital transformation

3m Austin Clark
Sanction Screening: The risk for companies is real

Payments Sanction Screening: The risk for companies is real

2w
Are You Ready to Implement your GRC Solution?

Are You Ready to Implement your GRC Solution?

2m
Netting: An Immersive Guide to Global Reconciliation

Netting: An Immersive Guide to Global Reconciliation

4m