ChainAware.ai
ApplicationTwitterLinked InYouTube
  • 👨‍🎓Crypto Security 101: Mini Course
    • Module 1: Introduction to Cryptocurrencies
    • Module 2: Threats in Cryptocurrency World
    • Module 3: Secure Cryptocurrency Wallets
  • ☺️How to use ChainAware.ai?
  • 🧠AI Fraud Detection for Users
    • How to use Predictive Fraud Detector
    • How to use Predictive Rug Pull Detector
    • How to use Wallet Auditor?
    • How to share your Wallet Audit?
    • How to use the Telegram Bot?
    • How to use the Discord Bot?
    • How to Earn with the Referrals?
  • 🧠AI Fraud Detection for Businesses
    • How to use Crypto Transaction Monitoring?
    • How to use Crypto Credit Score?
    • Pricing
  • 🧠AdTech and 1:1 User Targeting for Businesses
    • Web3 User Analytics
    • 1:1 Targeting
    • Pricing
  • 🧠API
    • API Use Cases
    • Fraud Detection API
    • User Segmentation API
    • Credit Scoring API
    • API Connections
  • 👨‍🏫About Us
    • Our Team
    • Our Vision
    • Contact Us
Powered by GitBook
On this page
  • Crypto Transactions Monitoring
  • AI-based Crypto Fraud Score enables Transaction Monitoring for the CeFi (Centralised Finance) companies:
  • AI-based Crypto Fraud Score enables Transaction Monitoring for the DeFi (Decentralized Finance) companies:
  • SmartCredit.io has integrated AI-based transaction monitoring:
  • What is the predictive power of AI-based Crypto Fraud Score?
  • What data is the AI Algorithm using?
  • How can we predict the future?
  • Further info
  1. AI Fraud Detection for Businesses

How to use Crypto Transaction Monitoring?

AI-based Transactions Monitoring allows CeFi business to fulfill regulatory requirements. It allows DeFi Dapps to choose which addresses can interact with Dapp.

PreviousAI Fraud Detection for BusinessesNextHow to use Crypto Credit Score?

Last updated 1 year ago

Crypto Transactions Monitoring

Crypto Transaction Monitoring is a regulatory requirement for all Virtual Asset Service Providers. It means verifying all platform incoming and outgoing transactions and preventing fraudulent accounts from participating in business transactions.

Transaction monitoring is implemented in traditional finance via Artificial Intelligence; the AI algorithms need a lot of data—addresses, credit card histories, account histories, device databases, etc.

In the blockchain industry, however, we have only the blockchain address. All the enriched data that is available in traditional finance - all this data is missing in the crypto sector.

AI-based Crypto Fraud Score enables Transaction Monitoring for the CeFi (Centralised Finance) companies:

  • CeFi companies can use in the subscription model

  • This real-time API should validate all transacting addresses (incoming or outgoing).

  • If addresses are flagged as potential fraud addresses, then additional verifications (sometimes manual verifications are required).

AI-based Crypto Fraud Score enables Transaction Monitoring for the DeFi (Decentralized Finance) companies:

  • DeFi companies can subscribe to

  • Validate the user addresses when they connect to your Decentral Application with this real-time API

  • If addresses are flagged as potential fraud addresses, then do not allow the address to connect via Web3 API

SmartCredit.io has integrated AI-based transaction monitoring:

  • If the address is classified as a potential fraud address, then the business transactions - like borrowing, lending, staking, or fiat conversion - are not enabled for the respective address

What is the predictive power of AI-based Crypto Fraud Score?

The current predictive power of AI-based Crypto Fraud Score is 98%. This means the algorithm correctly predicts 98 cases of 100 fraud. It's not a forensic algorithm based on already listed "bad" addresses or other forensic analytics outputs, but it's a predictive algorithm based on the address interaction patterns.

What data is the AI Algorithm using?

Crypto Fraud Score is calculated only based on the transaction history. It supports Ethereum, Polygon, and Binance Smart Chain.

How can we predict the future?

Every scam is different; there are unlimited potential scams or frauds. But scammers are using specific interaction patterns stored in their transaction history on the blockchain. Our artificial intelligence modules identify these interaction patterns and forecast the future behaviors of the addresses based on past interaction patterns.

Further info

All addresses that connect to the platform are analyzed with the AI-based Crypto Fraud Score API ( )

Website:

Twitter:

Discord:

Join Telegram Bot:

Join Discord Bot:

Earn with the referrals:

🧠
https://swagger.chainaware.ai
https://swagger.chainaware.ai
https://swagger.chainaware.ai
https://chainaware.ai
https://twitter.com/ChainAware
https://discord.gg/RJx9Junef8
https://chainaware.ai/telegram
https://chainaware.ai/discord
https://learn.chainaware.ai/ai-fraud-detection-for-users/how-to-earn-with-the-referrals