Two leaders in their respective fields, Flare and Elliptic, have joined forces in a strategic collaboration to enhance security on the Flare network.
The blockchain world is experiencing a growing need for security and compliance to prevent illicit activities such as money laundering and terrorism financing.
The alliance between Flare and Elliptic represents a significant step in the quest for proactive solutions to ensure a secure environment and comply with regulations in the blockchain ecosystem.
The main objective of the collaboration is to enhance security and compliance in the Flare network. To achieve this, advanced transaction review and wallet verification tools provided by Elliptic will be integrated.
These tools will enable real-time monitoring of transactions and the identification of illicit activities such as money laundering and terrorism financing.
Flare users will benefit from an automatic crypto fund monitoring system that spans various blockchains.
This feature ensures that it can detect suspicious activities in real-time, facilitating a rapid response to potential threats.
Flare and Elliptic Build Impenetrable Walls.
The native asset of Flare, FLR, will also benefit from the integration of Elliptic’s tools. This means that companies, financial institutions, and regulators can use these tools to identify and mitigate illicit activities such as fraud and sanctions evasion.
The collaboration between Flare and Elliptic will not only enhance the security of the Flare network but also increase its credibility in the market.
The leaders of both companies have expressed their commitment to creating a safer and more reliable ecosystem.
Elliptic covers 99% of the crypto assets by market capitalization and has collected a vast amount of data.
The proactive security approach driven by this collaboration is crucial in an environment where cybercrime is prevalent.
The adoption of blockchain technology continues to rise, and these measures reinforce confidence in ecosystems, promoting secure and sustainable growth.
The alliance represents an additional shield to ensure security and rule compliance, demonstrating the commitment of both companies to building a safer future in the blockchain space.
