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.
AI-based Crypto Fraud Score enables Transaction Monitoring for the CeFi (Centralised Finance) companies:
- 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:
- 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
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://smarttrust.io/blog/smartcredit-io-integrates-ai-and-big-data-analytics/
The impact of this integration is increased security of the platform.
Last modified 26d ago