Validation Cloud, a prominent provider of Web3 infrastructure, has formed a strategic alliance with the DFINITY Foundation, a Swiss non-profit known for its expertise in computer science and cryptography. As a significant contributor to the Internet Computer Protocol (ICP), DFINITY aims to enhance blockchain analytics by integrating ICP into Validation Cloud’s enterprise-grade node platform. This collaboration is designed to offer a seamless connection to ICP for enterprises operating within the Web3 ecosystem.
The development of Web3 applications and services on ICP occurs entirely on-chain, enabling the creation of fully decentralized applications on its public network. Through this partnership, Validation Cloud is facilitating access to ICP Rosetta nodes, which serve as a bridge to the ICP ledger and the Network Nervous System (NNS) governance canister. These nodes are widely utilized by organizations specializing in custody, analytics, and compliance, particularly those focusing on data retrieval related to ledgers, tokens, and regulatory requirements such as Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance.
Expanding Enterprise-Grade Blockchain Analytics
DFINITY has emphasized that the integration of Validation Cloud’s enterprise-grade infrastructure with the Internet Computer allows developers and businesses to access on-chain data more efficiently while ensuring reliability, security, and compliance. The foundation expects this collaboration to drive broader adoption and encourage new innovations across the ICP ecosystem.
As the first enterprise-grade ledger data provider on ICP, Validation Cloud is enabling new opportunities for Web3 applications and services to leverage the network’s capabilities. One of the early adopters of this infrastructure is Elliptic, a blockchain analytics and compliance firm focused on preventing financial crime in cryptoassets. The company is utilizing Validation Cloud’s ICP API to enhance its blockchain data analytics and compliance solutions, ensuring secure and enterprise-ready access to critical transaction data.
Enhancing Security and Compliance for Blockchain Transactions
Validation Cloud has expressed enthusiasm about being the first enterprise-grade provider of ledger data on ICP, highlighting the importance of fast, reliable, and compliant access to the protocol. The company anticipates that organizations involved in analytics, custody, and compliance will increasingly benefit from its connectivity solutions.
Elliptic has underscored the necessity of secure and dependable infrastructure in achieving its goal of protecting customers from financial crime within the crypto industry. The availability of enterprise-grade access to ICP through Validation Cloud is enabling the firm to enhance the speed and effectiveness of its blockchain analytics offerings.
Future Growth and Expansion Plans
Elliptic represents just one of the many potential use cases for enterprise-grade access to ICP. Validation Cloud and DFINITY are committed to expanding their partnership, aiming to streamline access to ICP and Internet Computer’s token standard (ICRC) for Web3 applications. Their goal is to ensure that services requiring high-speed, secure, and regulatory-compliant blockchain analytics can operate seamlessly within the ICP ecosystem.
