Blockchain started in 1991 as a way to store and secure digital data. Blockchain is an open ledger that several parties can access at once. One of its primary benefits is that the recorded information is hard to change without an agreement from all parties involved. IBM explained that each new record becomes a block with a unique, identifying hash. Linking the blocks into a chain of records forms a blockchain. Bitcoin cryptocurrency uses blockchain technology. Blockchain helps in the verification and traceability of multistep transactions needing verification and traceability. It can provide secure transactions, reduce compliance costs, and speed up data transfer processing. Blockchain technology can help contract management and audit the origin of a product. It also can be used in voting platforms and managing titles and deeds. Chainalysis is the blockchain data platform. The company provides data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 60 countries. Chainalysis’ data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Cryptocurrencies have already opened up new markets and made the global economy bigger, fairer, and more deeply integrated. We’re only seeing the beginning of what this transformative technology has to offer. But cryptocurrency needs greater trust and transparency to realize its full potential. That’s where Chainalysis comes in. We need to develop clearer regulations, establish standard audit practices, and implement powerful compliance controls for cryptocurrency to sustain its current growth and integrate into the global financial infrastructure. By helping make that vision a reality with its compliance and investigation tools, Chainalysis gives banks, businesses, and governments the confidence and knowledge they need to help this new digital economy thrive.

Chainalysis Business Data provides ongoing visibility into how your customers use their cryptocurrency - before and after it leaves your platform. This helps inform organizational decisions to optimize market development and improve customer experience initiatives. There are countless ways business development, operations, marketing, and product teams can invest dollars to attract and retain customers. Chainalysis Business Data eliminates the challenge of knowing which avenue will have the most impact. Chainalysis Business Data harnesses the same trusted dataset to help answer questions like: Which acquisition channels result in best customers? Are customers leaving and going to competitors? Should we run a promotion on certain assets? How can we optimize personalized offerings? And more... Data is updated on an ongoing basis; ensuring meaningful adjustments reflect the evolving ecosystem. A simple integration into your data warehouse helps enrich existing datasets to derive deeper insights or run queries to create custom reports.

Chainalysis KYT is powered by the industry's best data. Chainalysis maps hundreds of millions of addresses to real-world entities, adding over 100 new services every week. This includes illicit services like darknet markets, scams and ransomware, and legitimate services such as merchant services, decentralized exchanges, NFT platforms, and bridges. Chainalysis acts as the common link between cryptocurrency businesses, banks, and law enforcement agencies around the world. Every network participant benefits from the same trusted dataset and a shared understanding of blockchain activity. Unlike black-box models with high false positive rates, rules-based engine doesn’t sacrifice accuracy for scale. Chainalysis data is fully auditable, relying on ground-truth evidence that stands up in a court of law. Chainalysis’ team includes world-class blockchain research scientists and investigators skilled at analyzing illicit typologies such as darknet markets and mixers. A majority of cryptocurrency activity occurs at regulated services such as exchanges, payment processors, and ATMs. Chainalysis offers a comprehensive profile for each service that includes physical address, top counterparties, legal jurisdiction, KYC policies, and supported currencies. Cryptocurrency presents substantial opportunities for growth, but what are the risks? Leverage the same data trusted by regulators to understand how your customers are already using cryptocurrency, mitigate potential risks, and embrace a new economy built on blockchains. Chainalysis helps you understand your exposure to crypto, monitor ongoing customer activity, and comply with regulatory guidance. Make informed decisions about who to do business with using the industry’s best data. Understand which exchanges are leading the way in compliance and which services are most associated with high-risk activity.

Meet the leader behind the success of Chainalysis

Michael Gronager, Co-Founder and Chief Executive Officer was inspired to start Chainalysis when he saw how the cryptocurrency space was struggling to become part of the financial system. He used his experience from managing big data projects for scientists and his crypto knowledge from the industry’s early days to develop the data platform that has become the foundation of Chainalysis products today. Prior to Chainalysis, Michael was COO and co-founder of the cryptocurrency exchange Kraken.

“We've come a long way, but there are endless possibilities.”