22. März 2023 Andrea Bürger

Find out why you should be wary of dealing with this unauthorised firm and how to protect yourself. Developed a cryptocurrency backed by the Swiss Francs, built architecture for the enterprise supply chain management system based on blockchain. We found Unicsoft to be the best partner out there, capable of building a team of professionals that can tackle the technological challenges, deliver great results, innovative solutions and in high quality. Unicsoft turned out to be a flexible and prompt team extension partner. When we needed additional developers for other projects, they’ve quickly provided us with the staff we needed.

Handing assets to a third party that can freeze them or restrict access reduces safe haven appeal of cryptocurrency. Assets can be seized or hacked, eroding their ability to offer company individual sovereignty and financial privacy. Handing digital assets over to a custodian means no technical knowledge is needed.

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I’d recommend Unicsoft because I felt their engagement and understanding of our business. They offered the best solution provision of what we were looking for. They were very responsive to the requests, very flexible just going in flow with our changes. The engagement helps the client provides a high level of value to their customers. Unicsoft successfully picked up on the nuances of the project and adapted to the working style of the client.

  • Working alongside our Forensic Accounting experts, our Quantitative Risk team and Corporate Intelligence consultants can help you understand and manage the risk profile of your crypto portfolio.
  • The future market for cryptocurrency shows signs of promise as it has experienced remarkable growth over the last few years.
  • Prior to the rapid development of the crypto market in 2021, there were few usable Layer 2 blockchain solutions available.
  • An integral part of many dApps or Web 3.0 applications is called „smart contracts“.
  • CFO Advisory Bringing together the best of Deloitte to support CFOs.
  • A blockchain is a platform for value in all forms to be managed, and for consumers, organisations and regulators alike to connect and interact securely across a rapidly accelerating range of use-cases.
  • Single signature crypto wallets confer complete control over the assets, allowing a chief executive or financial officer to quickly make transactions.

Unfortunately, while cryptocurrency means cheaper and faster international … Unicsoft quickly supplied talented developers and thoroughly documented the project. Quickly reacted to our request and provided an interesting suite of candidates. Everyone, from high-frequency traders, to gamers and artists will benefit from further adoption of Layer 2 solutions in the years to come. The blockchains most familiar to a wide audience are ‘Layer 1’ protocols, such as Bitcoin, Ethereum, Litecoin or Cardano.

Our Crypto Development Services

Implemented customer-side Hyperledger INDY solutions at a Canadian bank, developed solution architecture for Emirates. We needed a team to bring our idea to life within tight deadlines. We chose Unicsoft for broad expertise and involvement in the project from the beginning. Unicsoft proved deep expertise, readiness to do the extra miles to build the solution within tight deadlines. Level of commitment, providing subject matter experts on short notice, and hospitality has given a very positive feeling towards Unicsoft personnel and their business processes.

crypto it solutions

Unicsoft was ready to adapt to new challenges as needed even if that meant more learning on their end. The team was managed in a transparent way and we were able to follow the development both in terms of the code and in terms of the user load. Essentially a two-way channel for communication between two users which crypto exchange software solutions summarizes their shared transaction history internally, available only to proscribed participants. The transaction history is then uploaded to the Layer 1 chain once the channel is shut, meaning that only one transaction is sent to the main blockchain, helping to alleviate costs and time taken to confirm trades.

Is your business ready for Blockchain?

Technology and Media Our Technology & Media team work with businesses in media, advertising, software, managed services, fintech and in most sectors of economy. Our knowledge and experience of the lifecycle of a tech company means we are uniquely placed to give you the advice and support you need to meet the growth challenges your business faces. Not for Profit Our dedicated Not for Profit team are experts in delivering business and accountancy services to the education, social housing, charity and membership body sectors.

crypto it solutions

Although geared towards speed and scalability, Layer 2’s may also have their own unique selling points. On Bitcoin, for example, Lightning Network is aimed at enabling coffee-sized transactions, while Rootstock seeks to provide sophisticated smart contract functionality. Withdrawal requests can often be made only during business hours and are subject to processing times of up to several days.

Firms overview

To avoid potential pitfalls, firms require robust governance and control frameworks that remain flexible enough to adapt to that rapid pace. PwC’s services span the risk management lifecycle, from performing initial risk assessments, identifying control gaps and developing risk mitigation strategies to Service Organization Control 1 and SOC 2 readiness assessments. Both of these solutions operate by moving transactions off the main Layer 1 blockchain onto another form of sidechain, where a trusted party is given authority to ensure the information stored on the network is true. The main difference is that Plasma rollups are used for individual tokens or assets, while Optimistic rollouts operate with smart contracts. The private keys controlling digital assets are distributed across an independent blockchain network using a cryptographic technique called multi-party computation . Practices and regulatory guidance surrounding asset classification, measurement requirements, fair value considerations, disclosures and other issues continue to evolve.

crypto it solutions

Qredo can hook directly into your corporate treasury management system through Rest APIs. Shares the same downsides as ordinary multisig, and adds an additional security hole in the form of a trusted third party. Improves operational security by sharing the burden of key management across multiple parties. Collaborative custody involves delegating permissions to a third party https://xcritical.com/ that acts as either a backup or an active co-signer. This can be implemented with multisig, or multi-party computation based on a threshold signature scheme . This is typically referred to as “M-of-N“, where M is the total number of keys and N is the number required to authorize transactions. Typically 2-of-3 or 4-of-5 signers need to agree before a transaction is approved.