Strengthening Coreum’s Security with AnChain.AI’s Web3 Guard Tool and BEI API
As the Coreum ecosystem evolves, so do the challenges of maintaining transaction integrity and security within the network. Designed for enterprise-grade throughput and applications, Coreum acknowledges that innovation must be accompanied by robust mechanisms to detect and prevent malicious activity all around its infrastructure.
AnChain.AI surfaced as a key partner for this mission, offering an established ecosystem of AI-powered tools to identify vulnerabilities, enhance investigations, and facilitate actionable insights.
How AnChain’s Tooling Enhances the Coreum Blockchain
Coreum’s commitment to scalability, security, and alignment with global financial standards requires tools that can proactively detect, monitor, and respond to suspicious activities. The Web3 Guard Tool offers an easy method for submitting reports of suspicious activity, while the Blockchain Ecosystem Intelligence (BEI) API leverages advanced AI analytics to detect anomalies in transaction patterns and ensure regulatory compliance.
Web3 Guard Tool: Detecting and Reporting Suspicious Transactions
The Web3 Guard Tool allows users to report suspicious activity on the blockchain, providing critical insights and support from blockchain security and intelligence experts. In addition, It enables users to track a history of submitted reports, increasing the ability to identify and track down potentially malicious activities that may compromise the integrity of the network.
BEI API: Delivering Comprehensive Risk Scores
Complementing the Web3 Guard Tool, the BEI API provides Coreum with live risk scores, transaction screening, and wallet attribution. These features are essential for maintaining compliance with anti-money laundering (AML) and counter-financing of terrorism (CFT) regulations. The BEI API allows Coreum to screen transactions effectively, monitor wallet activity, and detect connections to illicit activities across multiple blockchains.
Coreum is also introducing a new feature on its blockchain explorer that leverages AnChain.AI’s BEI API. This feature will display the risk scores of addresses directly on the explorer, providing users with immediate insights into the potential risks associated with specific wallet addresses. This transparency further strengthens the security and trust within the Coreum ecosystem.
Collaboration with Government and Regulatory Bodies
The integration of AnChain.AI’s technology into Coreum’s ecosystem reflects Coreum’s proactive stance in working alongside government entities to combat financial crime. AnChain.AI has a proven track record of supporting law enforcement and regulatory bodies, as demonstrated by its collaboration with the U.S. Government in uncovering millions of dollars in criminal funds. The Web 3 Guard Tool and BEI API further enhance this collaboration by providing regulators with the tools needed to monitor and respond to illicit activities across multiple IBC and EVM-compatible blockchains and smart contracts.
Conclusion
The need for sophisticated blockchain security tools cannot be overstated. Coreum’s adoption of AnChain.AI’s Web3 Guard Tool and BEI API is a strategic move to safeguard its ecosystem against the growing threat of blockchain-related crimes. By integrating these advanced AI-powered tools, Coreum not only enhances its security framework but also reinforces its position as a leader in providing secure, scalable, and compliant blockchain solutions.
About Coreum
Coreum, the world’s first Superledger. A 3rd-generation, layer-1 blockchain architected for enterprises of any size, from startups to large corporations. Providing a remarkable transactional speed of up to 7,000 TPS and ISO20022 compliance ensures expedient and economical transactions across a swift and secure PoS network.
Website: coreum.com
Twitter: @CoreumOfficial
TG: @CoreumOfficial
Contact: hello@coreum.com
