Offenders are easier to track on blockchain than traditional payment systems

Time:2022-01-27 04:30 Source:Internet Copy share

On January 27, Gartner cybersecurity expert Avivah Litan believes that violators can operate in transparent encrypted currency networks, but cannot be hidden. In fact, tracking funds on the blockchain is easier than on traditional payment networks due to intelligent blockchain analysis, but they can take a circuitous route. A transparent blockchain is an easier platform to track illegal payments than traditional payment systems that were isolated in the past. Today, around 23 public blockchains account for around 99% of the total cryptocurrency market capitalization. This means that blockchain fraud detection systems primarily need to integrate with 23 transparent platforms, rather than thousands of siloed corporate and fiat payment networks.

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