Creata Chain Network Releases A New Transaction Monitoring Feature

2023-07-17 10:30:49

(MENAFN- EIN Presswire)

The platform's KYT v1.0 leverages real-time transaction analytics to derive data-driven insights into a customer's true business identity.

SINGAPORE, SINGAPORE, July 17, 2023/einpresswire.com / -- creata chain network , the advanced open-source blockchain technology community renowned for its scalability, compatibility, and usability, is proud to unveil a new transaction monitoring feature, KYT v1.0. The feature offers users a software solution to monitor cryptocurrency transactions in real-time, and on-chain, to stop illicit flows and contribute to the safe and appropriate participation of mass adoption in the cryptocurrency economy.

“The Creata Chain team is thrilled to offer this tool, which will empower individuals as well as organizations with the analytical tools necessary to detect and uncover suspicious or fraudulent transactions,” said Jeremy Jung, founder and chief operating officer of Creata Chain Network.“It is designed to collect data from a variety of sources, then analyzes the collected data to provide a risk score based on various factors such as transaction characteristics, transaction parties, and transaction location. It's an easy-to-use tool that will truly make a difference in the industry"

Creata Chain's KYT v1.0 transaction monitoring feature has been released as a Minimum Viable Product and it leverages real-time transaction analytics to derive data-driven insights to uncover a customer's true business activity. It also scrutinizes raw transaction data and correlates it with business characteristics to identify red flags such as location, payment speed, timing, originating bank, etc. to enable comprehensive risk assessment.

Jung added,“We fully expect that KYT will continue to prove itself as a suitable and efficient solution for building infrastructure for the growth of the crypto industry.”

To learn more about Creata Chain Network's ultimate smart contract platform, visit .

Brenda Cho
Creata Chain Network
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