Blockchain Consulting, Implementation & Security Assessment
Enabling tier-1 government entities, regulators and large enterprises set up cross-border, national and city scale Blockchain platforms in areas of Digital Government Transformation, Financial Regulation & Supervision, Trade and Supply Chain - across a number of industry verticals.
Blockchain Consultancy & Center of Excellence
Avanza help some of the largest enterprises, government entities and industry consortiums ideate their blockchain business cases.
We cut through the fluff and demystify your business challenges through the right use of blockchain technology.
At Avanza, we work with some of the agilest government and private sector organizations on the planet. To help prepare entities for a decentralized future our experts are actively building use cases across Government, Real Estate, Health Care, Telecommunication, Ports & Logistics, Customs, Agriculture, Aviation, Oil & Gas, Transportation, Education, Taxation, Law Enforcement, Power Distribution and many more sectors.
Avanza's Team of Blockchain Evangelists
Our consulting team comprising of some of industry's best Blockchain and Subject Matter Experts help organizations identify specific business and organizational challenges where Blockchain Technology can be leveraged to decipher and address these challenges.
With our pragmatic and agile approach we convert your vision into a tangible working solution blueprint jointly with your teams and thought leaders.
We give you a global perspective of blockchain technology with a sharp focus on regional and local implementation dynamics.
World Economic Forum
How to build a successful nationwide Blockchain initiative?
Certified Hyperledger Service Provider
Member of Hyperledger development community
Move Past Buzzwords Towards Implementation
It is Avanza’s deep understanding of industry challenges and our ability to quickly identify the right and pragmatic use of blockchain technology for the relevant business challenges that makes our teams of techno-business experts distinct from others in the industry.
On the back of 20 plus production grade blockchain implementations that have reshaped cities and nations, Avanza’s teams do not adopt an adhoc and tactical approach to your blockchain needs.
We embark organizations on a multi-year blockchain strategy that solves real problems of today and tomorrow for your organization and business eco-system(s).
Our consultants are leading industry contributors and thought leaders in the evolution of blockchain technology and it’s utility across verticals.
Next-gen
Blockchain Tech
Cipher is powering thousands of blockchain based business transactions every day through production- grade implementations on several prevailing cloud infrastructures and through on-prem setups.
Understanding the ROI of
Blockchain Technology with Avanza
In a recent study by a benchmarking firm McLagan, an in-depth impact analysis and fact-based estimates of the cost savings and other benefits that might be achieved by a blockchain based business application were assessed and highlighted the following:
Before Embracing The Transformative Power of Blockchain
You might be looking for key questions such as how to reap true benefits from a decentralized network? What are the expected costs, risks, and expected ROI?
First ever Blockchain Orchestration Platform
Cipher is Avanza’s award-winning Blockchain implementation platform. Built with the future in mind, Cipher is a blockchain agnostic orchestration and governance platform that can ride on any underlying Blockchain technology.
Lauded as one of the best blockchain implementation platforms globally by top technology experts, journals and independent research bodies and governments Cipher embarks organizations on a multi-year strategic blockchain adoption journey as opposed to a short term tactical and adhoc single use case implementation approach.
Cipher has been enabling large enterprises and government entities embark on their multi-year blockchain adoption journey since 2017. A one of it’s kind Blockchain Orchestration and Governance platform, Cipher comes pre-packaged with dozens of components and micro-services that are required in any blockchain implementation.
Cipher also comes pre-loaded with integration adaptors for all prevailing blockchain platforms, thereby enabling organizations to abstract their legacy systems and ERPs from the underlying blockchain platforms.
Cipher Key Features
Seamless Onboarding of Partner entities
Proactive governance and monitoring of multiple blockchain networks
A robust API framework that abstracts and integrates legacy systems with the blockchain plane
Seamless deployment of smart contracts through intuitive User Interfaces
Cross Chain Orchestration and data sharing
Built-in set of ready micro-services to deliver the end to end blockchain solution faster and decrease the time to market
Our Blockchain Vision
Avanza’s vision of blockchain adoption is not restricted to the implementation of that first use case you have envisioned for your organization and business network.
We strongly feel blockchain is here to stay, and that your organization needs to prepare itself up to launch multiple blockchain initiatives by either championing or joining different local, regional or international consortiums and networks.
Platform Agnostic Dapp
Cipher is an overarching and comprehensive framework that not only enables organizations to launch blockchain solutions much faster, but it also provides a solid architectural base for future blockchain implementations.
Cipher is powering dozens of tier 1 government entities, regulators and large enterprises for their blockchain networks and initiatives across numerous industries in the areas of:
Digital Government Transformation
Financial Regulation and Supervision
Trade and
Supply Chain
Customs & Logistics
Aviation
Telecommunication
Real Estate
Oil & Gas
Health
Blockchain Program Execution & Management
Platform agnostic solution to execute, monitor & govern your network!
Our cutting edge Blockchain technology platform Cipher is complemented by our teams of experts that are well-versed with handling and managing multi-organization Blockchain platforms.
Avanza’s consulting teams, Subject Matter Experts along with our Project Management teams deploy a pragmatic approach and framework to ensure 100% project success rate and desired ROI from your blockchain consortium.
In addition to technology hurdles, we completely understand the challenges that come with doing a project with multiple entities (private and public) in a consortium. Our teams provide a unique partner eco-system management framework that ensures that all participating entities are on the same page and that they jointly contribute to the common project vision, objectives and eventual success.
In addition to helping organizations and consortiums successfully launch complex blockchain networks, we also prepare entities manage and govern their blockchain solutions after launch.
Through Cipher, organizations seamlessly conduct house-keeping and monitoring of their entire blockchain software stack, thereby reducing their teams’ learning curve drastically and making them self-sufficient in managing their blockchain nodes and associated software stack.
Our Success Through Numbers
20 Plus Production-Grade national scale implementations
55 Million Transactions processed every day
2 Dozen out of the box ready-made micro-services
Biggest blockchain market share in MENA region
Blockchain Security Audit
Avanza’s Blockchain
security program
Avanza’s industry leading suite of Blockchain Security Assessment, combined with our experience of the largest number of Production-grade Blockchain implementations across the region, ensures that your Blockchain application is go-to-market ready & secure from any vulnerabilities in the digital environment. We eliminate Blockchain security vulnerabilities and threats to the ecosystem by adopting the most rigorous and thorough cybersecurity techniques.
Enterprise Blockchain Solution Security Assessment
(Private/Permissioned)
New private/permissioned blockchain consortiums are emerging and implementing technologies such as Hyperledger Fabric, CORDA, Quorum to ensure transparency, tamper proofing, security and trust. This brings a number of challenges in building and running decentralized applications including privacy of data, compromising of the network as well as risk due to smart contracts' technical or business failures.
Our Security Offering For Private & Permissioned Blockchains
Our security team will conduct thorough assessment on potential threats & vulnerabilities in the network related to joining rogue nodes, sybil attacks, eclipse attacks, network implementation, endorsement policies risks, consensus algorithm malfunction & risks, key management practices, keys expiration & rotation, consortium members leaving the network or a member leaving the consortium compromising the overall network. In addition to this, we establish best practices for Blockchain Identity management and HSM key storage security compliance along with Configuration Management of blockchain configurations.
We conduct Smart contracts technical failures analysis, static smart contract review based on symbolic execution, dynamic testing, business condition failures, and analyze if there is any risk in the smart contract deployment process. We adopt the best industry practices for the compliance of Smart contracts to ensure smooth execution.
Ensuring Non disclosure of data to unauthorized network members based on the use case data privacy requirements, compliance to local and international regulations like GDPR.
Your application’s security is just as important as your smart contracts’ security. We perform Application security based assessment based on traditional web application and API based security identification and their touchpoints to the blockchain layer.
The heart of any blockchain business rules is the smart contract. It is necessary to ensure that the business process encoded in the smart contract has business conditions and exceptions catered and provided necessary recommendations if those cases are not handled.
We leverage our experience from 20 plus production grade Blockchain implementations together with Avanza’s technology expertise of Blockchain engineers to ensure your Hyperledger Fabric, Hyperledger Sawtooth lake, Enterprise Quorum, CORDA, Hyperledger Indy are secure from any threats & vulnerabilities.
Analysis and consulting based on secure practices of writing blockchain solutions as well as their secure CI/CD.
We use our expertise to embed security at the initial stages of development as part of your overall architecture and design. We ensure that the overall architecture of enterprise blockchain implementation is secure and ready to handle the attack vectors in a proactive manner.
Our security team will conduct thorough assessment on potential threats & vulnerabilities in the network related to joining rogue nodes, sybil attacks, eclipse attacks, network implementation, endorsement policies risks, consensus algorithm malfunction & risks, key management practices, keys expiration & rotation, consortium members leaving the network or a member leaving the consortium compromising the overall network. In addition to this, we establish best practices for Blockchain Identity management and HSM key storage security compliance along with Configuration Management of blockchain configurations.
Security Assessment of Public Blockchain
Public blockchain as part of its evolution has suffered a number of attacks including the infamous DAO and Parity Multisig attacks. These attacks resulted in billions of US Dollars losses to investors and subscribers due to lose security measures within the crypto exchanges' compromise and/or flaws within the smart contract.
Consensus Algorithm related attack vectors
Identification and assurance for the consensus process to handle timejacking, finney, race and other major attack vectors.
Smart Contracts
Smart contracts technical failures analysis for ERC 20, ERC 1400, ERC-721 based contract with static smart contract review based on symbolic execution, dynamic testing and risk in the smart contract deployment process. Compliance of Smart contracts with industry best practices.
Blockchain Exchanges
Risk assessment and assurance of public blockchain Exchanges
DEFI Platforms
Risk assessment and assurance of DEFI based Projects.
Technology Expertise
Ethereum, Cosmos, EOS platforms.
Our Process
Project Consultation & Scoping
Quotation
Security Auditing & Penetration Testing
Assessment Report & Controls Identification & Gap Assessment
Revised Security Audit & Penetration Testing
Final Assessment Report
Certification Stamp
Explore Blockchain Products
Instachain
INSTACHAIN – Avanza’s Blockchain based Reconciliation & Settlement Platform is an inter-organization solution that helps organizations reconcile financial and non-financial transactions and records in real time through a trust-based network. The solution is available in both on-premise as well as cloud models.
Fidelity
FIDELITY – Blockchain marketplace based on tokenization of loyalty points is the future of customer retention. The desire of a customer to earn and redeem is well addressed in our Blockchain marketplace solution, FIDELITY.
Assure
ASSURE – Avanza’s Bank Trust Network solution, based on cutting edge Blockchain technology, is a next-gen solution to an age-old problem of document exchange, verification and compliance within banks, its customers and beneficiaries.
TradeBridge
Trade Bridge is an industry-wide platform that enables banks to verify duplicate financing frauds and address numerous financial crime risks associated with trade finance transactions.
Consonance
Consonance is an eKYC blockchain empowered platform which provides end-to-end KYC requirements and ensures digital execution of the process. By bringing the key actors of the KYC process and converting the KYC workflow into smart contracts, it leads to higher efficiency of the overall ecosystem.
Unlock the value of Blockchain with Avanza
You don't want a solution without a problem to solve. Organizations that dont have a clear use case are less likely to reap the benefits of Blockchain technology. Kickoff use case ideation sessions with Avanza today!
Ideation
Proof of Value
Proof of Concept
Trial & Launch
Reviewing the potential of blockchain or considering whether to implement a Blockchain solution?
Blockchain Case Studies
E-Commerce Chain – DHL
Case Study
Trade Finance Platform – Haifin
Case Study
Digital Silk Road
Case Study
Etisalat Smiles
Case Study
EKYC – Benefit Bahrain
Case Study
Collabrex
Case Study
The Convo
Case Study
