XRPL awards second grant to AnChain.AI, delivering industry-leading blockchain intelligence to XRPL developers
SAN FRANCISCO, 23 August 2022 /PRNewswire/ — AnChain.AI, the leading provider of blockchain and Web3 solutions, has been awarded a second Developer Grant by $150,000 of XRPL Grants. The XRPL Grants program sponsored by Ripple provides funding to support software development projects leveraging the open source XRP Ledger (XRPL). With this grant, AnChain.AI will continue to deliver industry-leading blockchain intelligence products on XRPL, further improving compliance, security and AML by providing AnChain.AI’s blockchain intelligence API, Blockchain Ecosystem Intelligence (BEI), at no cost to all XRPL developers .
This grant further expands on AnChain.AI’s first grant, where the AnChain team integrated XRPL transaction data into its BEI blockchain intelligence platform, bringing unprecedented transaction monitoring and KYW (Know Your Wallet) capabilities to the entire XRPL developer base. Providing these risk management tools to the entire ecosystem will support the continued growth of XRPL as its passionate developers drive innovation in DeFi, DAOs, NFTs and beyond.
“AnChain’s blockchain analytics capabilities have been trusted by the world’s leading financial institutions, regulators and virtual asset service providers (VASPs), including government service providers,” said AnChain Product Director, Francesco Piccoli. “We have delivered unparalleled intelligence and enhanced ongoing compliance and customer due diligence efforts worldwide.”
All XRPL developers will get a free version of AnChain’s artificial intelligence and machine learning risk engine via an open source API. The API will enable each project to incorporate risk management, anti-fraud and AML (anti-money laundering) development best practices from day 1. Additionally, AnChain will provide free suspicious activity reporting tools for the community, so that members can report fraud, hacks and other compromises through a dedicated web portal, which immediately alerts the entire ecosystem through the API.
About AnChain.AI
AnChain.AI is an AI-powered cybersecurity company that improves blockchain security, risk and compliance strategies. AnChain.AI was founded in 2018 by cybersecurity and enterprise software veterans from FireEye and Mandiant. Backed by Silicon Valley and Wall Street VCs and selected in the Berkeley Blockchain Xcelerator, the company is trusted by 100+ customers from over 10+ countries in these sectors: VASPs, financial institutions and governments, including the US SEC (Securities and Exchange Commission). As featured by CBS News, MIT Tech Review, Coindesk and DEFCON, AnChain.AI’s AML engine screens 1 billion dollars daily crypto transactions.
SOURCE AnChain.AI
