Fredericton’s Gray Wolf Partners With American Crypto Firm
FREDERICTON–A new strategic partnership between Gray Wolf Analytics and an American blockchain distributor will open up a plethora of opportunities for the Fredericton-based tech firm to monitor and protect the space where cryptocurrencies are exchanged.
“Gray Wolf is bringing scam protection technology to SmartLedger and SmartLedger is participating in an ecosystem of solutions, and so Gray Wolf is now a part of that ecosystem,” said Gray CEO and Wolf Co-founder Matthew Sampson.
“SmartLedger is the world’s leading distribution channel for blockchain solutions and Gray Wolf now has access to that distribution channel.”
SmartLedger, which bills itself “the world’s leading blockchain distribution channel,” is a New Hampshire-based service provider that works within the blockchain – a decentralized, distributed database shared in a computer network, and the medium in which cryptocurrencies exist.
Gray Wolf also works within the blockchain. It specializes in scam investigation, forensics, and risk mitigation in blockchain systems. Specifically, it monitors scams and offers protections over blockchain anonymous transactions, which have proven a fertile ground for financial crimes like money laundering and fraud.
According to information from Gray Wolf, this partnership will help deliver intelligence gathering, forensics, and reporting solutions on a larger scale, helping Gray Wolf provide better protections to more clients.
Sampson said it reflects a “shared optimism” for the future of the blockchain and a shared goal of reducing risks with blockchain technology.
“While SmartLedger is distributing solutions that use blockchain to provide business value and to solve problems, Gray Wolf monitors those systems to make sure they’re enabling safe conduct and that there are protections in place and sufficient incident response systems in place,” explained Sampson.
“Having technology that can protect and do incident response and mitigation on blockchain transactions is meaningless if you don’t get it in front of people who are actually using those blockchains and solutions – and that’s where SmartLedger comes into play.”
Through the deal, the two companies will share some of their services and SmartLedger will join Gray Wolf’s Early Adopter Program, which provides early access to Gray Wolf’s platform for its clients.
“They get a discounted rate and they can actually have a seat at the table in terms of voicing what their problems and requirements are and actually help shape the product,” he said.
“We want to be empathetic with the problems of our industry and it gives us a chance to directly engage with them early on, rather than building something and hoping they like it at the end.”
In addition to the partnership, Sampson said Gray Wolf is in the process of hiring a handful of developers and data scientists, anticipating a growth spurt in the next few years.
Sam Macdonald is a Huddle reporter in Moncton. Send him your feedback and story ideas: [email protected].