Thoughtworks, renowned for integrating emerging technologies such as blockchain, DevSecOps, and AI into industrial digitisation, has joined forces with Amber Group, a distinguished financial service platform with expertise in digital wealth management and crypto-native liquidity solutions.
The two companies have signed a memorandum of understanding (MOU) in Hong Kong to devise new tools and technologies aimed at fostering transparency and trust in the Web3 space, while also advocating for ethical and responsible development.
Both Thoughtworks and Amber Group are well-regarded for their shared commitment to social responsibility, design thinking, and technology-driven approach. This congruent value system offers a benchmark for other industry players keen on adopting these technologies and enhancing their practices.
The MoU between Thoughtworks and Amber Group outlines the following areas for collaboration:
- Innovation in AI-driven security: The goal is to create cutting-edge security solutions powered by artificial intelligence to bolster transparency and trust in Web3.
- Enhancement of compliance and privacy: The partnership will work collaboratively to ensure that all products and services born out of this alliance meet relevant legal and regulatory requirements related to privacy and data protection within the Web3 technology realm.
- Responsible technology research: The collaboration will also focus on researching and developing technology that is ethical, responsible, sustainable, and beneficial for society and the environment.
“To advance the development of the next-generation Internet, Web3 must use sophisticated engineering practices and scientific methods to address crucial issues caused by decentralization, such as security, privacy and compliance,” remarked Song Zhang, Global Service Lines lead at Thoughtworks.
“Thoughtworks and Amber Group will collaborate to leverage their respective software design and security expertise. Using new technologies and tools, we aim to create new applications and standards that promote the construction of a healthy, transparent, open, inclusive and responsible Web3 ecosystem,” he added.
On the other hand, Dr. Chiachih Wu, Partner and Head of Web3 Security Team at Amber Group, shared, “We are excited to partner with Thoughtworks, a company that shares our commitment to security and excellence. This partnership will enable us to provide our customers with even more comprehensive and cutting-edge security solutions, such as automated software testing and AI-powered vulnerability detection. By leveraging our expertise in Web3 security and Thoughtworks’ leadership in integrating emerging technologies, we look forward to enhancing transparency, trust and compliance in Web3.”
With great anticipation, Thoughtworks and Amber Group are eager to forge ahead with this new partnership, striving to build a superior, transparent, and more responsible Web3 ecosystem that benefits all, from individuals to large corporations.
