Kudelski Security, the cybersecurity division of the Kudelski Group, and BTblock, the blockchain and cybersecurity consultancy firm, have announced a strategic partnership to address demand for greater cybersecurity oversight and design in blockchain implementations. The partnership brings together complementary business expertise, networks and infrastructures to offer disruptive startup and enterprise-level companies broader access to a complete blockchain solution ecosystem.
In 2017, Gartner estimated that 90 per cent of enterprise blockchain projects launched would fail within 18 to 24 months, with misunderstanding of blockchain technology and the business use case cited as two of the main reasons for such failure. The new partnership between Kudelski Security and BTblock addresses those challenges by fusing blockchain consulting with technology to increase the likelihood that enterprises will be able to adopt and integrate secure blockchain solutions successfully and sustainably.
“As the blockchain ecosystem matures, cybersecurity needs to be the top priority for any project seeking to be mainstream,” said Scott Carlson, Kudelski Security’s head of blockchain security. “BTblock and Kudelski Security share a vision to deliver security up front, rather than bolting it on at the end. Our collaboration with world-class companies like BTblock is a valuable force multiplier providing organizations a one-stop source for all their blockchain-related needs.”
“To realise the full potential of blockchain technology, we need to improve trust, confidence and reliability in the systems that are built,” added Thomas Olofsson, BTblock chief technology officer. “We are excited to be pairing our expertise with Kudelski Security because we believe that security is of upmost importance on both the business and technology sides for all enterprises.”