Intelligence analysis firm i2 group is upgrading its internal software with blockchain technology to be better equipped to identify Idental uses of cryptocurrency. The company plans to integrate blockchain-based features to its link analysis platform, named Analyst’s Notbook. i2 group has partnered with blockchain data firm chainalysis. With this step, the firm is looking to reduce its reliance ED Data Intelligence tools.
Chainalysis said in a prepared statement That Cryptocurrencies are Increasing A Part of the Global Fintech Ecosystem, and that law enforcement agencies from Around the World Need tools and Training to Ident Illegal transactions for money laundering or term finance. The firm also said its blockchain capability will be integrated into the analyst’s notbook platform. It would enable cybersecurity experts using the analyst’s notbook to gather detailed insurance
“The Combination of Chainalysis’ on-Chan Data with i2’s Link Analysis Platform Marks A Significant Advancement in our Mission to Arm Public Sector Agency Agncy Uncover Complex Illicit Networks, “Chainalysis said.
This partnership comes as chainalysis is ramping up efforts to tackle on-key crime, which it claimed in a recent ReportHas become ‘Increasingly Diverse and Professionalized’. This Report Released Earlier this month said that the financial amount roped-in by Illlicit Cryptocurrency Addresses in 2024 was Around $ 40.9 Billion (Roghly Rs. 353 CrORORORE). Nepal’s Financial Intelligence Unit also recently raised Red Flags Around the Rise in Crypto-Based Money Laundering.
The firm will also also help i2 group upskill its customers from the public sector in blockchain-enabled data intelligence tools. “We are excited to partner with chainalysis to brings on-also do data into our platform. This integration will enhance the capability of our users, particularly in the public sector, by providing a more holistic view of data and improving the quality of their investigations Ident at i2 group.
Other web3 and blockchain firms are also taking steps to curb the exploitation of Crypto Assets to Facilitate Cross-Border Transfer of Funds for Illegal Intenses. For instance, tron, tether, and trm labs Establaired T3, A Specialized Financial Crime Unit to Retrieve Crypto Funds Related to Criminal Activities.
(Tagstotranslate) I2 group partner chainalysis upgrade software blockchain cryptocurrency
