Chainalysis joins Smart Contract Security Alliance

San Francisco, May 11, 2020 – Chainalysis, a blockchain analysis company, announced its alliance with the Smart Contract Security Alliance (SCSA), a consolidated collaboration of industry companies that recommend security standards and guidelines for the blockchain.

Chainalysis, which provides investigative and compliance technology for cryptocurrency companies, financial institutions, and government agencies, will provide data-driven thinking leadership with the alliance to help companies better understand the risks and opportunities related to crime and cryptocurrency markets.

“We are trying to design the standards,” said Richard Ma , CEO of Quantstamp, who started SCSA. “Over time, more companies will join SCSA and offer some of its codes and policies. The contribution of the leading company in blockchain analysis of cryptocurrency crime is a welcome addition to the vast experience in security. SCSA blockchain.”

“Chainalysis exists to build trust in the blockchain, and one of our strategies to do so is to demonstrate its transparency by providing insight into cryptocurrency activity,” said Jason Bonds , CEO of revenue at Chainalysis. “We are excited to join SCSA to raise awareness of the use and misuse of cryptocurrencies.”

Chainalysis KYT, its compliance tool, enables cryptocurrency companies and financial institutions to monitor large volumes of cryptocurrency activity and identify high-risk operations. Its investigative tool Chainalysis Reactor helps law enforcement agencies further investigate criminal activities such as fraud, extortion, and money laundering on the blockchain.

Chainalysis Kryptos helps financial institutions examine new opportunities and manage cryptocurrency risks based on Know Your Customer (KYC) information and the industry’s most trusted blockchain data.

Chainalysis’s research includes its 2020 edition crypto crime report (2020 Crypto Crime) which was cited in the Wall Street Journal , The New York Times , Forbes , Fortune and Bloomberg.

Member organisations of the Smart Contract Security Alliance collaborate with the publication of each article. Chainalysis will help augment this article library for long-term industry guidelines and standards. They join Fujitsu R&D Centre, NRI Secure, MythX, Blockgeeks, Layer X, Crystal Centre School of Computing of the National University of Singapore and Quantstamp.

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