Chainalysis Signs Japan-Based Hitachi and SB C&S

Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term intelligence platform, Chainalysis has onboarded new clients from Japan, after having signed system integrators, Hitachi and SB C&S.

The cryptocurrency crimefighter says the new partnerships arrive as prospects for its products in Asia look promising. Recently, Chainalysis expanded its presence in the Asia Pacific region by opening two new offices in Tokyo and Singapore. The new offices serve as hubs for sales, professional investigative services and training.

Hitachi is one of the largest system integrators in Japan, while SB C&S, a SoftBank group company, counts Chainalysis as the first blockchain-related solution in its lineup.

These companies are the latest to join Chainalysis’ expanding list of Asian partners. Earlier this year, the company signed on Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term provider, Assembly Payments and cryptocurrency exchanges, CoinSpot and CoinJar. According to their own figures, both exchanges now have their user bases topping one million, who use their services to buy, sell, store and spend digital assets.

The Aussie fintech firms leverage Chainalysis Kryptos, which operates as a crypto-focused risk data clearinghouse for financial institutions. The solution helps them make more informed decisions about the cryptocurrency businesses they work with, offering a reference directory for related services and their on-chain activity.

“The demand for advanced regulatory and compliance solutions continues to grow, and blockchain is a key component in modernizing our existing practices,” said Yohei Honmi, Executive Director, SB C&S.

“We’re looking forward to working with Hitachi and SB C&S and helping the region onboard blockchain technology safely and compliantly,” added Jason Bonds, Chief Revenue Officer, Chainalysis.

Chainalysis is set to raise $100 million in a Series C round that values it at $1 billion. The private valuation means the NY company finally attains the ‘unicorn’ title nearly six years after the launch of its operations.

US authorities disclosed earlier this year that they leveraged Chainalysis investigative assistance to seize more than $1 billion worth of bitcoin associated with Silk Road, the shady dark web marketplace that it took offline in 2013.