Blockchain data analysis newcomer secures $3.5 million in funding to focus on AML and financial regulation.

Recently, a startup focused on blockchain data analysis secured a new round of funding of $3.5 million. This round of investment was led by a fund specializing in blockchain technology, with other investors including the venture capital department of a well-known investment group.

The main business of this startup is to conduct in-depth analysis of data on the Blockchain. For example, they can identify potential illegal activities in cryptocurrency transfer transactions. This analytical capability stems from the characteristics of Blockchain technology: all transactions are permanently recorded on a public ledger, which anyone can consult.

Bitcoin is a typical representative of this technology, and many other cryptocurrencies have adopted similar mechanisms. It is precisely based on this open and transparent characteristic that the company can conduct in-depth analysis and research on this vast amount of public data.

This technology can not only be used to identify suspicious transactions, but it may also play an important role in various fields such as financial regulation and market analysis. With the continuous development of cryptocurrency and Blockchain technology, the demand for such data analysis services may further increase.

The success of this round of financing also reflects the growing attention of traditional financial institutions to Blockchain technology. As more funds flow into this field, we may see more innovative Blockchain applications emerge.