Chainalysis, the blockchain knowledge platform has introduced its plans to take part at Gitex World 2022, happening in Dubai from October 10-14.
By a sequence of panel and keynote discussions, the corporate will use the occasion to boost consciousness and educate attendees on among the most urgent challenges and alternatives that cryptocurrencies, decentralised finance (DeFi) and different Web3 applied sciences maintain for the area.
Guests to the Chainalysis stand can expertise stay demos of Chainalysis Storyline, its Web3-native blockchain evaluation software, designed to visualise sensible contract transactions, together with DeFi and non-fungible tokens.
With funds stolen from DeFi protocols accounting for 96 per cent of the $2.28bn value of cryptocurrency stolen in safety breaches and code exploits to this point this 12 months, Chainalysis Storyline solves a urgent want, and paves the way in which for constructing client confidence and belief within the underlying expertise. With this answer, regulators and legislation enforcement companies can get a holistic view of the actions of funds as they’re transacted throughout blockchains, and pinpoint transactions and funds that matter essentially the most to them.
“As our co-founder Jonathan Levin rightly identified throughout his go to to the area earlier this 12 months, the UAE has the chance to be a mannequin for different nations on the subject of establishing a crypto hub. Since that is nonetheless a reasonably nascent area, the realisation of this ambition would require a serious give attention to regulation, constructed on a deep understanding of the underlying blockchain expertise,” stated Bas Lemmens, normal supervisor Worldwide, Chainalysis.
“Given the work we’re doing with governments throughout the globe, over the course of the 5 days on the Gitex World, we’ll give attention to educating all stakeholders — from authorities entities and personal sector organisations, to on a regular basis customers — on the basics of blockchain expertise.”
“Backed by sturdy authorities assist, the area has arguably one of the dynamic and fast-growing crypto economies, globally. Whether or not it’s by way of our current MoU with the UAE authorities to coach public sector staff, or by offering our expertise to non-public sector entities seeking to construct crypto hubs, we’re dedicated to providing instruments that may assist form the digital way forward for the area. We’re excited concerning the alternative to showcase our experience and expertise at Gitex World, and sit up for furthering {our relationships} with key regional stakeholders,” concluded Lemmens.
Chainalysis can even take part in two key panel discussions hosted by the organisers of the Future Blockchain Summit, which can happen on the side-lines of Gitex World.
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