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.
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.