Thomas Daniels
The Sui Foundation and blockchain analytics company Chainalysis have established a strategic alliance to improve security and compliance in the Sui ecosystem.
By combining data from the Sui Guardian program with Chainalysis’s cutting-edge intelligence techniques, this partnership enhances on-chain activity monitoring and makes it possible to detect illegal activity with more accuracy.
Improving Trust and Risk Assessment
Customers of Chainalysis, including well-known cryptocurrency exchanges, will have better visibility into Sui transactions as a result of this collaboration. All ecosystem members’ trust and compliance will be strengthened by the increased risk assessments made possible by this expanded data availability.
Chainalysis has also reiterated its long-term dedication to the Sui Network. In order to strengthen its capacity to safeguard blockchain activities and provide strong risk management capabilities, the analytics company intends to extend its support for Sui throughout its range of compliance and investigative products.
Put Security and Transparency First
This partnership highlights how blockchain technology is placing an increasing amount of focus on transparency. In keeping with broader industry concerns for safety and responsibility in decentralized ecosystems, the Sui Foundation remains committed to establishing a safe and reliable environment for developers and users.
Chainalysis Grows with the Purchase of AI
The collaboration comes after Chainalysis recently paid $150 million to acquire AI fraud detection startup Alterya. By proactively identifying frauds, Alterya’s state-of-the-art AI engine enhances the company’s fraud protection capabilities.
Notably, Alterya works with prominent players in the market like Binance and Coinbase, managing more than $8 billion in transactions and protecting over 100 million customers.
Chainalysis is better positioned to provide more complete security solutions as a result of this calculated growth, strengthening its position as a major force in the blockchain analytics market.
