Deloitte Strengthens Client Blockchain-Tracking with Chainalysis Alliance July 26, 2023 July 26, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJuly 26, 2023 by Kelly Cromley

Deloitte Strengthens Client Blockchain-Tracking with Chainalysis Alliance

Deloitte, a prominent professional services firm, has announced a strategic partnership with Chainalysis, a leading crypto analytics company. This collaboration aims to bolster Deloitte’s clients’ abilities in blockchain tracking and analysis. The partnership, which was unveiled at a Chainalysis conference in Washington DC, seeks to provide Deloitte’s clients with comprehensive support in the areas of cryptocurrency forensics, investigations, and compliance. This will be achieved through the utilization of Chainalysis’ blockchain datasets, advanced analytics software, and specialized training programs.

Thomas Stanley, the President and Chief Revenue Officer of Chainalysis, has emphasized that the collaboration is centered around shared clients, which include law enforcement agencies, regulators, and financial institutions. The alliance initially focuses on targeting the United States, with plans to expand its reach to global markets in the future.

The document provided by Deloitte presents an overview of the alliance, shedding light on the various obstacles encountered by government agencies. These challenges encompass concerns related to cryptocurrency transactions and the complexities associated with accessing information from foreign exchanges, primarily due to the diverse international regulatory framework. The collaboration with Chainalysis aims to ascertain the individuals responsible for transactions and take legal action against them. This includes the ability to track the movement of funds to entities that pose a high risk or have been subjected to sanctions.

Chainalysis will establish a close collaboration with Deloitte’s blockchain and digital assets practice, encompassing areas such as cryptocurrency and digital asset risk, analytics, investigation, anti-money laundering/know your customer (AML/KYC) protocols, and regulatory compliance.

Deloitte, in alignment with their dedication to the cryptocurrency sector, has recently published more than 300 job postings specifically tailored to cryptocurrency-related positions. A considerable proportion of these opportunities are concentrated within the United States.

Deloitte has established a recent alliance and has also formed a partnership with the Web3 platform Vatom in the past. This collaboration aims to offer immersive experiences to a wide range of industries by leveraging virtual reality technology. These experiences include events, meetings, employee training, and fostering community engagement through metaverse experiences.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.