Former PwC Blockchain Principal Grainne McNamara Goes to Rival Ernst & Young (EY)


Grainne McNamara used to be PwC's blockchain principal (whatever that means). Coindesk has learned that she moved forward to EY, a consulting firm.

Mrs. McNamara joined EY las month, after three years at PwC. She supervised the firm's work regarding the company's consultancy on clients that were using blockchain tech to transform their businesses. She used to be at Goldman Sachs and Morgan Stanley (managing director, not less than 16 years). After that, she was at Capco, a consulting firm, as a partner.

Blockchain? Not so sure I care…

She told Coindesk that her work at EY will be more interesting than blockchain.

“We have the whole program called ‘NextWave’ to help our clients with the digital transformation of their businesses. This includes blockchain and crypto native offerings and solutions, but it’s much bigger than that,” she said. “It includes other things like legacy transformations at our clients to help them to drive efficiency and maximize digital capabilities, as well as things like mutualization of services and development of new revenue models where blockchain will, for sure, be part of the picture.”

Not to put too fine a point on it, McNamara said:

“I don’t want to just focus on the blockchain.”

Really? Is there anything else in crypto?

Well, Yeah, I Used To Like It!

PwC's public person on blockchain over the last few years was none other than Mrs. McNamara. She was there when the SEC convened a panel in 2016. She was there to explain to regulators how the technology could help them to advance in auditing, monitoring and on private blockchains. Real-time, no less.

The next year she was even bolder. She suggested (at a banking conference) that those people who don't have current access to the banking institutions could have a chance to be accepted as barriers go down. Mrs. McNamara herself supervised the UN-sponsored identity-focused ID2020 event last 2017. That was the event's point.

PwC is active in the blockchain industry right now. It's propelling a stable coin project by the Loopring Foundation. It's audited by the Tezos Foundation and helping to launch a blockchain-based supply chain solution with the Australian Chamber of Commerce.

The company has launched a two-year digital skill training program. It has hired more than a thousand staffers already. They're studying several technologies including blockchain tech.

But Mrs. McNamara is not a fan of pubic blockchains or advocating for them (or their respective tokens).

Not Even That Meaningful.

But she's not the firm's main innovation leader. That's Paul Brody. He wrote, two months ago, that the terrible dive in crypto prices cannot disguise

“an enormous amount of real progress for the technology”

that has happened for the industry.

We wish all success to Mrs. McNamara. But even more than that we wish her to learn what's she's talking about because, so far, it seems she has no idea at all. We're more than willing to give her a chance, but we should expect for her to start making sense, especially because she is a leader in the blockchain industry. Let's just hope she does.

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