Uppsala Security Showcase: Crypto Analysis Transaction Visualization (CATV) and what it can do for you
Uppsala Security has been in operations since 2018, being a leading provider of crypto security solutions and a pioneer in the Threat Intelligence crowdsourcing space, with over 51 Million security indicators hosted in the decentralized Threat Reputation Database (TRDB). By creating products and services that strengthen the trust in connecting with worldwide users, the project is actively contributing to the further development of the decentralized space as well as to a wider global adoption of cryptocurrencies and digital assets.
At Uppsala Security, we provide a full product suite of crypto Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Solutions. The award winning range of products and solutions complement each other while helping our customers and users to meet the Regulatory Compliance standards of government agencies and law makers.
Today, we are going to focus on one of our main products, the Crypto Analysis Transaction Visualization (CATV), and highlight several capabilities that make it one of the most effective and efficient transaction tracking tools in the space.
Cryptocurrencies might not be that easy to grasp by people who only recently joined the decentralized space, especially considering the different blockchain architectures, governance methods, token utilities, etc. A very relevant and at the same time classic example of this would be the differences in the models used by 2 of the biggest cryptocurrencies: Bitcoin (BTC) and Ethereum (ETH).
Bitcoin uses the UTXO (Unspent transaction output) model while Ethereum uses the Account/Balance Model to validate and store the transactions on-chain. It can be difficult to understand and analyze the transactions of such models, especially since they differ quite a lot to one another.
As the visuals reflect, each transaction can involve a lot of different information and it can be challenging to analyze and trace the respective funds.
By using a tool like the CATV, we are able to visualize the flow of tokens by turning related transaction data into a flow chart where we can accurately follow the incoming and outgoing movement of the tokens.
While CATV makes it easier for its users to analyze and trace transactions, the tool also helps to break down the different blacklisted wallets or exchanges that have been used as targets to cash out on the digital currencies. In this way users are able to pinpoint where their funds ended up or whether the malicious actor tried to use any laundering techniques like tumbling and mixing.
As showcased in the above images, CATV makes the transaction analysis simple and easy to understand on a macro level. Not only that, but if needed we are also able to go more in depth and inspect the transactions on a micro level, having the possibility to see the amount of funds that went into each of the different wallets.
Looking at the above image, we are able to narrow down how much funds are being transferred as well as where the funds went to and on which date the transactions took place. This leads to a better understanding of the flow of funds.
Analyzing blockchain transactions doesn’t have to be daunting. At Uppsala Security, we help world-wide users to understand data on a deeper level and to have a clearer image of how the transactions behind these technologies work. This also translates in having market-ready solutions for better compliance with the current and upcoming regulations in the space.
If you would like to have a direct conversation with our team about CATV or any other similar tools or solutions that we provide, please do not hesitate to contact us here.
In case you would like to benefit from the functionalities of the award winning CATV tool, please follow the instructions below:
Business customer: Contact us here
Private user: Follow the instructions here
