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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

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