Siren, an integrated investigation platform dedicated to ensuring safety across people, assets, and networks, and Chainalysis, a prominent blockchain intelligence platform, have revealed the details of their strategic collaboration during the annual Chainalysis Links event in New York. As the use of cryptocurrency expands, the partnership aims to meet the escalating demand for sophisticated intelligence technology to combat illicit cryptocurrency activities.
Embracing the Future of Cryptocurrency
Cryptocurrency is increasingly becoming mainstream, attracting both legitimate users and malicious actors. It is anticipated that blockchain technology will soon emerge as the primary means of value exchange worldwide. Chainalysis is committed to fostering trust in blockchains, paving the way for widespread crypto adoption while prioritizing safety and security. Their data-driven solutions empower investigations, ensure compliance, and provide valuable market insights, contributing to the safe expansion of consumer access to cryptocurrency.
Unveiling the Power of Investigative Intelligence
Siren stands as an AI-driven investigative intelligence platform trusted by leading law enforcement, national security, and cyber threat investigators worldwide. By integrating and enriching local classified information with external vendor data and publicly available data sources, Siren identifies patterns, actors, and events crucial for investigative efforts. Its AI-driven search functionality simplifies intelligence gathering, offering a user-friendly experience akin to browsing the internet or online shopping. Siren’s patented technology enables rapid and scalable intelligence queries, democratizing access to advanced investigative tools across organizations.
Strengthening Detection Capabilities
Through their collaboration, Siren and Chainalysis streamline the identification of illicit activities in real-time across diverse data sources, including Chainalysis’ on-chain data. This enables investigators and analysts to promptly identify addresses linked to named services, detect illicit activities in progress, and construct compelling cases.
Utilizing Advanced Investigative Tools
Siren’s platform utilizes the Chainalysis Investigations API (IAPI), a key component of the Chainalysis Investigations solution. The IAPI, a REST-based API, facilitates the prioritization and acceleration of investigations. By integrating Chainalysis insights into existing datasets, data engineers and scientists enhance large-scale investigations, unearth new leads, and establish connections between different cases, thereby optimizing investigative efforts.
Conclusion: A Vision for a Safer Economic System
John Randles, CEO of Siren, expressed enthusiasm about the partnership, emphasizing its pivotal role in facilitating investigators’ access to cryptocurrency data across multiple sources. Shannon Hughes, Senior Director, Head of Business Development and Partnerships at Chainalysis, highlighted the broader implications of the collaboration, emphasizing its significance in harnessing blockchain transparency to create a safer economic ecosystem. As both organizations converge at the intersection of AI and cryptocurrency, their partnership represents a bold step towards enhancing investigative capabilities and fostering trust in the evolving landscape of digital finance.