Blockchain Audit Services

After 17 years of buying, building, and negotiating infrastructure; and 6 years of helping cryptocurrency operations, RampRate is uniquely qualified to audit and validate a blockchain project / ICO for:

  1. Proof of presence – hosting, server, network, and software infrastructure to prove that the blockchain has been deployed on infrastructure capable of processing transactions at scale.
  2. Fit to purpose – that the infrastructure and software you have built can support (or scale to support) the design outlined in your white paper and marketing materials.
  3. Scale, latency, and resiliency – that the design you are contemplating will perform under a variety of network and facility conditions, including outages and unforeseen latency fluctuations.
  4. Security and QA – white hat penetration testing, identification of unpatched vulnerabilities in the software stack, misalignment between intent and execution of a smart contract, and identification of bugs.
  5. Financial soundness – KYC / AML of funding sources and major customers; collateralization analysis for stablecoins

Potential Audiences

With a 3-8 week review we can present an attestation of the all or a subset of these elements in an objective report for one or more of the following audiences:

  • Blockchain / ICO operators to execute better, prove the soundness of their roadmap to current / prospective investors, customers, developers, and partners, and limit the impact of perceived operational risk on their valuation
  • Current & prospective investors in ICOs to validate the soundness of their investment, maximize the chance of a positive outcome, and react promptly if their investments are at risk of fraud or poor execution
  • Regulators and exchanges that need to ensure the soundness of a coin before allowing it to be traded within their sphere of control

This attestation can be delivered publicly or privately; in writing or an on-site presentation. To ensure that our attestation is not misused, all subsequent citations must include the entire document or an approved extract.

Areas Validated

  • White paper clarity and thoroughness on infrastructure design
  • Implementation plan for primary ledger nodes (and witness nodes is design is multi-tier)
  • Match of white paper to implementation plan
  • Maturity of technical planning processes
  • Verification of commercial relationships with hosting, network, and hardware suppliers
  • Verification of specific contracts for each of the nodes
  • Verification of hardware purchase & delivery documents
  • Verification of ledger node accessibility via public network and/or VPN
  • Assessment of reputation of selected blockchain framework (if pre-existing)
  • Depth of modifications to blockchain framework
  • Physical infrastructure fit to planned and current transaction volume
  • Scalability of infrastructure contracts
  • Maturity of software code implementation
  • Performance under simulated real-world conditions
  • Performance under simulated stress conditions such as outages and undersea fiber cuts previously seen
  • Performance under simulated extreme stress conditions such as major natural disasters
  • Penetration testing
  • Smart contract audit to ensure it is performing what both parties intend for it to perform
  • Bug identification
  • Financial due diligence on major transactions and funding sources
  • Asset backing of a stablecoin

Deliverables

  • Internal findings outlining potential deficiencies for comment and correction
  • External findings including your comments / responses / remediation plans for any deficiencies
  • Your team has the option to delay or stop publication if initial review is unfavorable
  • Delivery and Q&A to an investor, client, and/or developer audience (remote or in-person)

Our Clients

Testimonials

Blizzard Entertainment“RampRate has been my most reliable global resource and is ready to perform for us at a moment’s notice. Their inside knowledge and ability to handle high-level complex negotiations helped us move fast! They made scaling easier.”

Paul Sams, COO, Blizzard Entertainment


 Phil Wiser, CTO Hearst, formerly of Sony and Liquid Audio“For over a dozen years, RampRate helped my companies understand the differences between suppliers and worked with us to create the methodology, define the metrics and utilize the proper QoS tools needed to choose the supplier best suited to our needs or restructuring through tailoring solutions. RampRate knows this business better than anyone. We literally saved months of time and optimized our infrastructure spend time and time again. They saved us millions, created agility and new budget out of thin air.” We use them to source or renegotiate cloud, CDN, data center, telecom, software, and strategic initiatives.

Phil Wiser, CTO Hearst, formerly of Sony and Liquid Audio


eBay“I knew I was leaving a bit on the table in our outsourced contracts. But the corporate mandate is growth and innovation, and when further contract improvement seemed to be marginal, my team’s first priorities had to move elsewhere. We can count on RampRate to be precise, timely and create millions in value.”

Dean Nelson, Vice President of Global Foundation Services, eBay


Accenture“I have had the pleasure of working with the crew at RampRate several times. Each time they have saved significant time in negotiating and closing contracts for data center space, telecom and managed services, which provided at least 20% savings over what we could have done alone and certainly cut processes in half. Tony and team are extremely knowledgeable in this space and always bring innovation and out-of-the-box thinking to the table.” 

Michael Montalto, Accenture


Featured Work

Blog

Blockchain: Obstacles to a World-Changing Trajectory

The Ball and Blockchain
The blockchain decentralization revolution may not be the first, but it is well-funded, and led by people that think big. With a dream and billions in funding, what can go wrong? Distractions, disputes, and hubris top the list, with a very dishonorable mention for the industry’s problem of hucksters. Read more

What Solutions are Best Built with Blockchain or NOT

Blockchain6 1 - What Solutions are Best Built with Blockchain or NOT
Obviously, not all solutions are a fit. No one is going to be building the next spreadsheet with blockchain. Rather, you need to focus on areas where one of the core strengths of the technology amplifies the value of the solution – or better yet, creates it in a place where centralized approaches are failing.Read more

A Historical Perspective on Blockchain

blockchain - A Historical Perspective on Blockchain
The blockchain has a small circle of bitcoin billionaires that can break the mold. Some are open advocates of the technology’s revolutionary potential, like Puerto Rico crypto-utopia crowd. Some prefer to remain more anonymous. But make no mistake, the goal of the blockchain game is not to make..Read more

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