Elrond Network, the technology layer capable of internet-level scaling, embraces AnChain.AI. Through this partnership, Elrond’s applications and protocols will become more secure and benefit from compliance-oriented aspects. AnChan’s AI-driven Web3 analytics have been in high demand lately.
Elrond Raises The Bar
People who have kept tabs on Elrond developments will know the team has high expectations for Web3 payments. For example, Elrond acquired Utrust, a leading crypto payments provider, in early 2022. Additionally, the team made other strategic acquisitions in recent months to further push the envelope on this front. Web3 payments need to be fast, secure, and cheap, three aspects synonymous with the Elrond Network ecosystem.
The acquisition of Utrust also enables Elrond’s team to transform payment processing. Rather than putting a cost on merchants, the goal becomes to create an extra income stream. Payments are supposed to make life easier for merchants rather than cutting into their profits. Elrond’s approach is to make payments entirely natively digital with a near-instant and global settlement at a minimal cost.
Elrond Network CEO Beniamin Mincu confirms the team’s long-term vision:
„Činimo odlučne korake za integraciju blockchain tehnologije u globalni finansijski sistem. Međunarodne finansijske institucije i nacionalne ekonomije mogu raditi i sarađivati koristeći našu skalabilnu arhitekturu. Stoga je od suštinskog značaja da imaju pristup najvišim nivoima usklađenosti i prevencije prevara. Anchain.AI je odličan pokretač u tom pogledu.”
Integrating the solutions provided by AnChain.AI positions Elrond as a stronger player in the blockchain-based digital payments vertical. The project encompasses an e-money license, VASP license, and the ability to issue debit cards. Focusing on payment processing infrastructure and everything that comes with it is the next logical step. More importantly, the Anchain.AI Next-Gen Web3 Analytics Suite will help Elrond applications make sense of data sets pertaining to on-chain transactions.
Why Elrond Chose AnChain.AI
The choice for partnering with AnChain.AI makes much sense for Elrond Network. The AI-powered cybersecurity company enhances security, risk, and cplinace strategies for the Web3 environment. Founded by industry veteerans and backed by Silicon Valley and Wall Street VCs, AnChain.AI serves over 100 customers. across nearly a dozen countries. Clients span various industry segments, including financial institutions, governments, the US SEC, etc.
AnChain.AI CEO Victor Fang, Ph.D., states:
„Nalazimo se na prekretnici u kojoj preduzeća i vlade brzo shvaćaju da je blockchain tehnologija postala neophodna za povećanje efikasnosti i održivi rast. Anchain.AI Next-Gen Web3 Analytics Suite će nadopuniti Elrondovu obećavajuću tehnologiju i dati joj važnu prednost koja će mu omogućiti da zadovolji priliv nove institucionalne potražnje.”
AnChain.AI provides industry-leader blockchain analytics solutions to enhance projects and clients’ forensics and compliance capabilities. The project’s AML engine screens over $1 billion in daily crypto transactions, strengthening its position in the blockchain and crypto industry.
Izjava o odricanju odgovornosti: Ovaj članak je samo u informativne svrhe. Nije ponuđen niti je namijenjen da se koristi kao pravni, porezni, investicioni, finansijski ili drugi savjet
Source: https://cryptodaily.co.uk/2022/05/elrond-network-beefs-up-security-and-compliance-with-anchainai-partnership