lockchain.ai has debuted what it calls the first AI-powered blockchain risk management platform.
The company was founded by three cybersecurity CEOs. announced the release On Monday (April 1), the company announced that its platform will provide “automated risk management solutions for traders, investors, and fund managers in the blockchain ecosystem.”
The company, which just emerged from stealth, was founded last year, according to a news release. andrew howardformer CEO of kudelsky security, Aidan Kehoeformer CEO of scout cyber securityand matt higginsCo-founder and CEO of RSE Ventures.
Lockchain’s founders recognized a “clear need” for a security solution that complemented existing security and professional due diligence services, offering “easy-to-use and effective security and risk mitigation” to interacting companies. He said the company was founded with the goal of providing solutions. By leveraging blockchain technology and digital assets.
“Recently popular Security challenges “We emphasized that it is essential for users of blockchain and the crypto space to understand the real risks.” Nick PercocoChief Security Officer kraken He is also an advisor for Lockchain.ai.
“These users and traders need insight into how market events and new vulnerabilities can impact the integrity of their assets,” he added in the release. “In this dynamic environment, risk management has emerged as a critical tool, providing insights and strategies to navigate uncertainty and protect investments.”
As PYMNTS wrote last month, blockchain has been global financial system Or trying to replace it.
“However, the inherent anonymity of Web3 technology in the cryptocurrency industry has enabled flagrant abuses of blockchain’s technical architecture, leading to a proliferation of fraud, scandals, and criminal activity surrounding cryptocurrencies’ capabilities. “The real-world financial utility of digital assets has been tokenized to serve as a store of value,” the report states.
In a previous report, PYMNTS noted that blockchain’s underlying technical capabilities are increasingly gaining traction. keen to separate technology Breaking away from the crypto world is “primarily by finding historic opportunity areas within the traditional financial sectors that digital assets were originally designed to replace.”
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