Chainalysis, the blockchain data platform has announced its plans to attend Gitex Global 2022, which will take place in Dubai from October 10-14.
Through a series of panel and keynote discussions, the company will use the event to raise awareness and educate attendees about some of the most pressing challenges and opportunities that cryptocurrencies, decentralized finance (DeFi) and other Web3 technologies have for the region.
Visitors to the Chainalysis booth can experience live demos of Chainalysis Storyline, its Web3-native blockchain analytics tool, designed to visualize smart contract transactions, including DeFi and non-fungible tokens.
With funds stolen from DeFi protocols accounting for 96 percent of the $2.28 billion cryptocurrency stolen in security breaches and exploits so far this year, Chainalysis Storyline addresses a pressing need, paving the way for building consumer trust and confidence in the underlying technology. With this solution, regulators and law enforcement agencies can gain a holistic view of the movement of funds as they are transacted across blockchains, and identify transactions and funds that matter most to them.
“As our co-founder Jonathan Levin rightly pointed out during his visit to the region earlier this year, the UAE has the opportunity to be a model for other nations when it comes to establishing a crypto hub. As this is still a fairly nascent space, the realization of this ambition will require a major focus on regulation, built on a deep understanding of the underlying blockchain technology, says Bas Lemmens, Managing Director International, Chainalysis.
“Given the work we do with governments around the world, during the five days at Gitex Global, we will focus on educating all stakeholders – from public entities and private organizations to everyday consumers – about the basics of blockchain technology.”
“Backed by strong government support, the region arguably has one of the most dynamic and fast-growing crypto economies globally. Whether it’s via our recent MoU with the UAE government to train public sector employees, or by offering our technology to entities in private sector looking to build crypto hubs, we are committed to providing tools that can help shape the digital future of the region.We are excited about the opportunity to showcase our expertise and technology at Gitex Global and look forward to continuing our relationships with important regional stakeholders,” concluded Lemmens.
Chainalysis will also participate in two keynote panel discussions hosted by the organizers of the Future Blockchain Summit, which will take place on the sidelines of Gitex Global.
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