Chainalysis Is Expanding By Seeking New Partners

By Luke Flowers – Crypto Broker

Chainalysis has been working as one of the most high-profiled analytics firms for a long time in the industry of blockchain intelligence. This blockchain company originates out of New York and works to develop investigative tools for different firms. These tools are helpful in observing and verifying blockchain transactions, as well as helping to identify suspicious activity that might be deemed illicit.

Currently, Chainalysis is developing an important partnership program to enhance and widen its business, this will also mean that its intelligence capabilities will expand. The chief revenue officer Jason Bonds categorizes the partners of the program in three divisions.

Key crypto infrastructure providers are the first partners that will be assisting Chainalysis and others through the expansion of “cryptocurrency transaction monitoring via simpler integration”. Next, they will introduce new distribution partners across all accessible markets. Two new partners have already been recognized and Bonds confirms they have partners in EMEA, APAC & America.

Chainalysis also performs more usual research in the crypto world. Recently they published a piece on the changing trends of Bitcoin users through the Coronavirus pandemic & how it has affected people who buy and sell cryptocurrency.

As for the third category, partnerships with data providers will facilitate and widen intelligence capabilities. Rayson Lim, chief financial officer of M.Tech, has noticed an increased demand from law enforcement for cryptocurrency investigative software. Data providers could therefore include specialists in ransomware, high spirits to fulfill the rising demand for law enforcement for cryptocurrency investigative software with Chainalysis. Other partners will be revealed in time.

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