Chainalysis is marking its 10th year of operations this spring, and they’re reflecting on how far they’ve come with their clients and how the’re continuing to evolve with the rapidly changing ecosystem.
Chainalysis notes in a blog post that the market revival we are experiencing now “doesn’t seem like just another cycle, but a sign of the maturation of the ecosystem.”
According to Chainalysis, continued innovation in blockchain technology “along with its integration into traditional finance suggests that crypto is delivering on its promise to transform the exchange of value, much like the internet did for the exchange of information.”
Chaianlysis says it is inspired by its customers who are “building and shaping the future of the industry.”
The blockchain firm reveals that they are “introducing a new framework for Chainalysis solutions that reflects how they’re continuing to innovate with the industry and enhancing their customers’ experience.”
Their three holistic solutions – Crypto Investigations, Crypto Risk, and Web3 Growth – are designed to “harness Chainalysis data to better meet our customers’ needs for specific workflows.”
As cryptocurrency grows and becomes more entwined with the world economy, it’s increasingly used by “both good and bad actors.”
As such, they’re seeing it “crop up in all forms of crime, not just ‘crypto crime’ such as ransomware and darknet markets.”
Their government customers are “uncovering the use of crypto as financial rails in investigations ranging from gang activity and violent crime to disinformation campaigns.”
With their investigations solution – “including capabilities formerly known as Reactor and Storyline – their goal is to help customers achieve their missions by harnessing the transparency of blockchains.”
Now, they’re focused on enhancing “the graphing software that they first invented, modernizing the infopanel, and launching Chainalysis Labs, a sandbox for research and development that will introduce our power users to the latest experimental features.”
Their risk solution reportedly “helps the most innovative private sector companies protect their platforms from abuse by illicit actors. Including capabilities previously known as Know Your Transaction (KYT) and Address Screening, Crypto Risk can be tailored to meet businesses’ risk strategies and policies. Soon, risk teams will be able to assess the risk of specific assets through the introduction of Asset Intelligence.”
Additionally, they’re expanding their entity risking capabilities “with features like indirect exposure data, continuous risk monitoring for entities, and detailed entity report generation.”
On-chain data can also be leveraged “for insights beyond illicit activity.”
As opportunities across the crypto ecosystem “continue to expand, their Web3 Growth solution, previously known as Playbook, helps businesses better understand their customers’ activities across the blockchain.”
It integrates their on-chain data with their on-platform insights so they “can nurture their customer relationships, personalize campaigns, and build competitive products.”