We’re huge advocates of Web3 and the new decentralised movement that is a key part of the movement, however, the one area of both concern and warranted criticism is based on security and the frequency of hacker attacks that can often empty a digital wallet of all of its assets.

For corporates, not only does this present a challenge (which employee should take on the responsibility of securely holding onto these assets) but also raises the question around ownership.  After all, if a IT Director or CFO purchases an NFT or LAND in the Metaverse for a company, technically, that asset belongs to the owner of the wallet used for the purchase.  Aside from the obvious issues related to this, how can these assets sit within a company’s balance sheet if they are technically owned by an employee of the business?  The short answer is that it can’t, but there is a solution and one that takes a ‘hot’ wallet such as Metamask and takes it offline with access shareable amongst a number of employees that mitigates the risk of rogue behaviour or risk of ownership.

Canadeem can create secure solutions such as this for your business and in doing so, safeguard a company’s assets and removing associated ownership risks related to individuals within an organisation.  If you’re concerned about your digital assets, speak to us today.