Use Cases
CeFi companies can use AI-based Transaction Monitoring for fulfilling the regulatory requirements. DeFi companies will increase security of their Dapps by banning bad addresses.
For CeFi
AI-based Crypto Fraud Score enables Transaction Monitoring for the CeFi (Centralised Finance) companies:
CeFi companies can use https://swagger.chainaware.ai 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).
For DeFi
AI-based Crypto Fraud Score enables Transaction Monitoring for the DeFi (Decentralized Finance) companies:
DeFi companies can subscribe to https://swagger.chainaware.ai
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
The impact of this integration is increased security of the Dapp
In SmartCredit.io
SmartCredit.io has integrated Crypto Transaction Monitoring API. If addresses are flagged as potential fraud or scam, then:
Loan requests from the respective addresses are not matched
Fixed Income Funds from the respective addresses are not matched
Staking rewards are not distributed
Fiat on-ramp/off-ramp services are not enabled
See more details about increased security in the case-study: https://chainaware.ai/blog/smartcredit-io-integrates-ai-and-big-data-analytics/
The impact of this integration is increased security of the platform.
Further info
SmartCredit.io Fixed-term Borrow/Lend: https://app.smartcredit.io
ChainAware.ai AI-based Crypto Fraud Score: https://chainaware.ai
ChainAware.ai AI-based Crypto Credit Score: https://chainaware.ai/credit-score
ChainAware.ai Big Data based User Segmentation: https://chainaware.ai/segmentation
ChainAware.ai API: https://swagger.chainaware.ai
Twitter SmartCredit.io: https://twitter.com/Smartcredit_io
Twitter ChainAware.ai: https://twitter.com/ChainAware
Telegram: https://t.me/SmartCredit_Community
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