Beosin and OpenBlock Partner to Create Secure Blockchain Financial Ecosystem for Digital Asset Users, China

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Beosin, a leader in blockchain security technology, has announced a strategic partnership with OpenBlock, a decentralized wallet. Their aim is to create a more secure and trustworthy blockchain financial ecosystem for digital asset users. This collaboration will provide robust Know Your Transaction (KYT) technical support from Beosin to OpenBlock’s wallet users, ensuring comprehensive fund security.

Beosin KYT has developed a virtual currency tracking and anti-money laundering system using advanced blockchain big data analysis technology and artificial intelligence algorithms. With billions of address labels and blacklists, the system maps addresses to real-world entities, effectively identifying suspicious activities in digital asset transactions. This will assist OpenBlock wallet users in distinguishing malicious, fraudulent, and suspicious blacklisted addresses.

The primary focus of this partnership is OpenBlock’s utilization of Beosin KYT’s blacklist query capability, enabling the wallet to quickly and accurately identify potential transaction risks. Additionally, Beosin KYT provides address and transaction risk assessment functions to the OpenBlock wallet. By tracing the flow of funds for specific accounts and evaluating both transaction and address risks, the system offers real-time risk assessment and automatic risk suggestions to help users make compliant decisions.

OpenBlock, incubated by the Bixin Group, is an on-chain financial platform that integrates MPC, non-custodian, and decentralized technology. It offers high-quality aggregation functions for both consumer and enterprise users, ensuring safe and convenient on-chain transactions. OpenBlock MPC solves the problems associated with keeping mnemonics and private keys, making asset management easier. Additionally, the platform features a DApp store, chain-wide flash cash, Gas Station, ETH 2.0 Staking, and an NFT market, facilitating efficient on-chain financial operations.

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As a global leader in blockchain security, Beosin serves over 3000 enterprises worldwide and has established multiple domestic and international branches. Its expertise in code security audits, real-time security monitoring, and prevention during project operations, as well as asset recovery, has earned recognition from numerous partners. The collaboration between Beosin and OpenBlock is set to enhance security standards within the blockchain financial sector, creating a safer and more transparent trading environment for digital asset users and contributing to the development of a trustworthy digital economic ecosystem.

Moving forward, Beosin will continue to leverage its strengths in blockchain security and partner with more companies to drive innovation and development in blockchain technology. The strategic collaboration between Beosin and OpenBlock demonstrates their commitment to providing advanced security solutions and improving the overall user experience in the blockchain financial domain.

Frequently Asked Questions (FAQs) Related to the Above News

What is the purpose of the partnership between Beosin and OpenBlock?

The partnership aims to create a more secure and trustworthy blockchain financial ecosystem for digital asset users by providing robust Know Your Transaction (KYT) technical support to OpenBlock's wallet users.

What is Beosin KYT?

Beosin KYT is a virtual currency tracking and anti-money laundering system that utilizes advanced blockchain big data analysis technology and artificial intelligence algorithms. It maps addresses to real-world entities and identifies suspicious activities in digital asset transactions.

How will Beosin KYT assist OpenBlock wallet users?

Beosin KYT will assist OpenBlock wallet users by distinguishing malicious, fraudulent, and suspicious blacklisted addresses. It provides comprehensive fund security and helps users make compliant decisions through real-time risk assessment and automatic risk suggestions.

What is OpenBlock and what services does it offer?

OpenBlock is an on-chain financial platform that integrates MPC, non-custodian, and decentralized technology. It offers high-quality aggregation functions for both consumer and enterprise users, ensuring safe and convenient on-chain transactions. Additionally, it features a DApp store, chain-wide flash cash, Gas Station, ETH 2.0 Staking, and an NFT market.

What is Beosin's expertise in the blockchain security domain?

Beosin is a global leader in blockchain security, serving over 3000 enterprises worldwide. Its expertise includes code security audits, real-time security monitoring, prevention during project operations, and asset recovery. It has established multiple domestic and international branches and is recognized by numerous partners.

How will the partnership between Beosin and OpenBlock enhance security standards in the blockchain financial sector?

The collaboration between Beosin and OpenBlock will enhance security standards by leveraging Beosin's expertise in blockchain security and providing advanced security solutions. This will contribute to creating a safer and more transparent trading environment for digital asset users and the development of a trustworthy digital economic ecosystem.

What are Beosin's future plans in the blockchain security domain?

Beosin aims to continue leveraging its strengths in blockchain security and partnering with more companies to drive innovation and development in blockchain technology. This strategic collaboration with OpenBlock demonstrates their commitment to providing advanced security solutions and improving the overall user experience in the blockchain financial domain.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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