Solutions of this company to fight the bad guys integrated into all major kriptovalyutnye exchange and other services.
Blokcheyn - a social phenomenon, because the responsibility for the physical creation of the product and the formation of its value lies with each of the participants, for any entry in the register must be officially registered. "The information belongs to all" - this is the ideology blokcheyna expressed in specific technical solutions. Even if in the chain of processes and machines interact contracts, the final interest - in humans. In any social group occur sooner or later attempts of fraud, and hence control attempt.
The attempts of deception has created an imaginary first cryptocurrency anonymity because the random numbers generated by the transaction keys difficult to identify. However, in any chain with a plurality of closely-related events and duplicate one thread helps to unravel a huge tangle.
Bitcoin-antifraud?
Tom Robinson, James Smith and Adam Joyce Elliptic launched a startup in October 2013, when the price of Bitcoin has the maximum - $ 1147.15. The company was opened in London - finteh-capital of the Old World.
startup recently received a $ 5 million investment from a number of well-known companies that are interested in the development of cryptocurrency and financial technology. Among them were Digital Currency Group, KRW Schindler Private Ventures and Santander Innoventures, Paladin Capital Group and Octopus Ventures. Last Fund also participated in the round in 2014, when $ 2 million invested in Elliptic.
Initially intended to create bitcoins Elliptic store, what the first two million dollars were received. But it is quite natural that the founders of start-up plans changed after research of demand in the segment of financial technology, where for several years now a great need for the creation of projects on a joint security assessments, analysis of big data, machine learning, and directly finance management. If all of the above helps protect capital or a profit - you are king. "Why not add one more breakthrough subject?" - We thought the founders of Elliptic and focused on issues blokcheyna, itself modeled on Bitcoin. Here you and finance, and technology.
However, this does not seem to start the next "bubble", which is carefully inflated interested owners of big capital. It seems he has a practical use, since expert assistance to investors on the very "hot" market. As a result, when the Elliptic experts, such as former federal train "bezopasnik" Investors expect to receive a major command and priority in the growing innovation sectors. In addition, the team is developing information security solutions related to Bitcoin, to private companies and think to create your own API - as stated by an analyst at startup Kevin Beardsley, banks have already applied.
By darkveb-dirt - to riches banking
Thus, if successfully circumstances Elliptic hopes to become a mecca for businesses and individuals who want to protect yourself from fraud when dealing with cryptocurrency or conclusion based on blokcheyna contracts.
It attracts many fashionable and predictive analytics system. London startup uses transaction tracking technology from a public Bitcoin-register. There, he finds and marks suspicious transactions forming machine learning patterns in a distributed system cryptocurrency by logical connections between the labeled groups. Artificial intelligence is trained on these patterns, simulating possible scenarios of fraud, of washing money and other criminal activity. The use and analysis of large data that have accumulated over the seven years of the existence of explicit blokcheyn Registries seems obvious idea, but the founders of start-up did not immediately come to this useful thoughts. In turn, the machine patterns and the process of learning adjusts trained analyst. Naturally, the system has means for data visualization and:
Cryptocurrency "matures", I'm sure CEO Elliptic James Smith. This means that it interested banks and reputable financial institutions, in fact, in addition to investments in start-ups, technology and Coin blokcheyna worldwide financial movers and shakers of the old school is not averse to legalize operations cryptocurrency. As we remember, recently, we think about it and Russia. One problem: in most financial institutions are required to adhere to strict policies to combat money laundering, and in Bitcoin and other cryptocurrency with that there are some difficulties. According to the organization Internet Watch Foundation (IWF), which tracks the sites illegal and violates the ethics content psevdoanonimnost Bitcoin has made it a popular means of payment on the black market and criminal circles for two years.
Quo vadis?
And here the question arises: what means legalization cryptocurrency and "green corridor" for big business on protected lands decentralized transactions?
As a result, the opened door will rush banks, followed by financial regulators and, let's not have any illusions, the State. How to treat the supervisory authority - whether federal or private - in the territory free of centralization and censorship?
Of course, the participants blokcheyn- and Bitcoin communities perceive ambiguous Elliptic initiative. According to one of Reddit resource editors, the hype around Elliptic investors has made a split the masses: lovers of quiet and anonymous "namaynit cue-another" clearly against. Startup support the responsible users, focusing on the original ideology and transparency blokcheyna.
Even John Matonis, co-founder of Bitcoin Foundation, was skeptical of the idea of financing the Elliptic, published in the "Twitter" link with the comment «War on Financial Privacy Escalates», which can be translated as "war flares up with the secret financial operations."
At the same time representatives of Elliptic say that they intend to move away from Bitcoin and look at the situation more. Technology predictive analysis of large data are successfully applied in various systems of information security and antifraud. Here is an important fact of constructing and analyzing network painting - something for which people work with Big Data.
According to Smith, Bitcoin was created as uncensored digital currency, and to intervene in it, tracking every transaction in every part of the world, it is not necessary. Besides, people do not realize that their actions with Bitcoin is not anonymous, and with a strong desire can be a lot of things to learn and on the operations and owners themselves encrypted accounts, he said, stressing that the company's goal - tracking and removal of criminal, dangerous for all communities. Analysts Elliptic collect a lot of data from darkveba, typically the Internet and collaborate with all possible organizations - from the exchanges cryptocurrency to law enforcement. The last startup helps detect cases of drug trafficking, theft and money laundering. By the way, I said fund IWF recently passed Elliptic all their achievements to curb the activities of illegal websites. Database association among other things contains an impressive list of Bitcoin addresses.
Between enmity and friendship
Enemy Is Elliptic or counsel in this case?
For noise and HYIP community forget the obvious fact. Someone sooner or later still have raised the question of security control, transparency and reliability of transactions and contracts in cryptocurrency blokcheyne. Do not start this, so another, or what is worse, the federal agency. It is important that someone had friendly intentions, a good reputation and was one of the most effective members of the IT community.
There is another fact: the supervisory initiatives give rise to competition and stimulate technology growth. Perhaps this story will provoke active development of privacy tools.
Meanwhile, James Smith expects that the activities of Elliptic will be a catalyst for the development of space-blokcheyn honest and serious business and will lead to a set of secure transactions. Who is right - time will tell.
