Links
Comment on page

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