London-based crypto risk management firm, Elliptic, has announced the integration of ChatGPT, a language learning model, into its research and intelligence operations. The move is expected to help enhance the company’s analytical capabilities. Elliptic, known for its analytical tools and services that facilitate the uncovering of illegal activities like money laundering in the cryptocurrency ecosystem, has been a pioneer in blockchain analytics since its inception. Its proprietary dataset boasts of over a decade’s worth of data, covering over 97% of crypto transactions by trading volume.
The integration of ChatGPT into Elliptic’s operations is expected to improve efficiency in tracking and monitoring transactions across various blockchains by employing advanced analytics and the use of machine learning. The move represents a significant step in Elliptic’s approach to handling the complex and ever-evolving challenges associated with cryptocurrency risk management.
Simone Maini, Elliptic’s CEO, spoke about the organization’s commitment to incorporating cutting-edge technologies to enhance its operations, stating that the integration of the LLM aligns with the company’s dedication to maintaining high standards in its work.
According to Jackson Hull, CTO at Elliptic, the integration of ChatGPT could allow Elliptic to provide customers with a unique perspective on risk that they can’t get anywhere else, potentially scaling up the company’s intelligence capabilities. The move is expected to augment Elliptic’s team’s efforts, allowing them to focus on improving accuracy and scalability.
