AnChain.AI Partners with Algorand, Providing Powerful Web3 Risk Controls for Algorand Developers

By AIT News Desk On Oct 11, 2022

Algorand, the world’s most powerful and sustainable blockchain, is now fully accessible within AnChain.AI’s AI-powered web3 risk prevention and security platform.

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Through enablement on the AnChain.AI platform, Algorand is laying the foundation for payments fraud prevention, FATF compliance, and a risk-based approach to blockchain development for all of its developers. Now VASPs and developers building on Algorand can remain confident that they are building wholly secure and compliant products from day 1.

AnChain.AI’s capabilities around blockchain intelligence and security have been an important backstop for regulators such as the US SEC (Securities and Exchange Commission), exchanges, hedge funds, and other VASPs. Now anyone leveraging Algorand can take advantage of AnChain.AI technology to maintain a wholly secure and compliant operation.

“As the rails for the financial system continue to adopt blockchain technology, more effective technologies such as Algorand call for more effective risk management” said Victor Fang, Ph.D, CEO of AnChain.AI. “AnChain.AI’s powerful artificial intelligence and Web3 analytics suite will empower the developers of tomorrow to meet this institutional demand.”

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The 26 million plus wallets and 100s of millions of transactions on the Algorand “FutureFi” blockchain are now monitored for suspicious activity and fraudulent transactions thanks to AnChain.AI. Users and developers can access powerful AnChain.AI intelligence to enhance decision making about compliance checks, incident response, and build applications with risk prevention.

Algorand’s deployment of AnChain.AI on top of its cutting edge blockchain infrastructure further positions it for long-term success, and solidifies its dedication to sustainable and powerful blockchain development.

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