Lance Morginn, President and Co-Founder, Blockchain Intelligence Group, joined Alex Hochberger, Founder and CEO of Web3 Enabler for an interview on Stocks to Watch.
The interview covered Web3 Enabler’s partnership with BitRank Verified, developed by Blockchain Intelligence, as part of Blockchain Payments version 2.2. The partnership empowers businesses to manage KYT in Salesforce.
Insights from Blockchain Intelligence Group Co-Founder
Lance Morginn, President and Co-Founder, Blockchain Intelligence Group, shared insights on the crypto transaction risk and compliance landscape.
Morginn explains how BitRank Verified monitors transactions in real time to provide users with the following information about their organization.
- How the individual or entity has been using their funds
- Where their address has been
The tool automatically raises a flag when it identifies the following dangerous, compliant activities.
- Terrorism financing
- Fraud
- Child exploitation
- Anything that sanctioned within a relevant jurisdiction
BitRank Verified uses a data-driven approach for accuracy and completeness, utilizing intelligence gathered from
- Around 50 billion data points
- 200,000 queries per second
Web3 Enabler CEO Shares How to Manage KYT in Salesforce
Alex Hochberger, Founder and CEO of Web3 Enabler, shared some of the opportunities of bringing real-time transaction monitoring and compliance scoring directly to an organization using Salesforce.
Blockchain Payments serves as the bridge between traditional corporate infrastructure and the new web3 and blockchain world. Hochberger explains how the app allows users to integrate BitRank Verified data in Salesforce with ease.
BitRank Verified solves KYT (know your transaction) challenges by empowering Salesforce users to do the following.
- Know the entities with whom they are transacting
- Audit transaction
- Make transactions trackable
- Make transactions and transaction data usable by people who understand little to nothing about cryptocurrencies
The compliance scoring provides actionable insights across stakeholder roles within an organization that uses Blockchain Payments. a rule in our system to automatically send an email to a risk or compliance manager if a terrorism flag is triggered.
“It’s great to have 50 million data points, but you need to make sure you’re looking at the right one.”
– Alex Hochberger, Founder and CEO, Web3 Enabler, Inc.
Watch the Full Interview
Watch the full interview, “Blockchain Intelligence Group & Web3 Enabler Team Up to Enhance Crypto Transaction Management”, on the “Stocks to Watch” YouTube channel.
