Armanino opens blockchain practice

Following in the footsteps of other Top 100 Firms, Armanino has opened a blockchain practice, through which it will offer a range of specialized services to clients.

According to a statement from the firm, blockchain “offers businesses the opportunity to increase trust among customers, vendors and third parties through transparent, secure and immutable transactions.”

“Blockchain technology and crypto assets have the potential to become a high-impact innovation that brings value and security to businesses, and with a growing number of our clients currently in the space, it made sense to assemble a team well-versed in this new technology,” said Andries Verschelden, a partner at Armanino and the newly named blockchain practice leader. “This firm is dedicated to being forward-facing and ensuring we are prepared to meet the ever-changing needs of our clients in every industry, and that includes offering a robust blockchain service solution.”

Armanino’s new practice will offer services including:

  • Proof of Concept - Assessments for blockchain, including distributed ledgers, permissioned blockchains, hybrid solutions and permissionless blockchains.
  • Design and Implementation - Full vendor selection, functional and technical design, configuration, testing, user training, system integration and ongoing support.
  • Assurance, security review and monitoring - Assurance on digital assets on the balance sheet, high-volume digital currency transactions, custodial holdings, smart contract and enterprise blockchain environments. Armanino was among the first to complete financial statement audits for clients with high digital asset transaction volumes.
  • Cryptocurrency on-ramp - Crypto readiness systems review, crypto-specific accounting solution selection and implementation, technical accounting guidance, custody solutions, cold storage controls environment consulting, and digital asset tax strategy and process design.

For more information, visit https://www.armaninollp.com/services/blockchain/.

Blockchain on the rise

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