Lockchain.ai has debuted what it calls the first AI-powered blockchain risk management platform.
The company, founded by a trio of cybersecurity CEOs, Announced its launch Monday (April 1), saying its platform “offers automated risk management solutions for traders, investors and fund managers in the blockchain ecosystem.”
According to a news release, the company — which has just emerged from stealth — was founded last year. Andrew Howardthe former CEO of Kudelski Security, Aidan Kehoethe former CEO of Scout CybersecurityAnd Matt HigginsCo-founder and CEO of RSE Ventures.
Lockchain said its founders saw a “clear need” for a security solution to complement existing security and professional due diligence services, and founded the firm with the goal of “easy-to-use, effective security and threat management.” Mitigation” is for businesses offering solutions. With blockchain technology and digital assets.
“Recent High Profile Security challenges has highlighted the need for users of the blockchain and crypto space to understand the real risks involved,” said. Nick PercocoIn Chief Security Officer The Kraken and advisor to Lockchain.ai.
“These customers and traders need insight into how market events and emerging vulnerabilities may affect the integrity of their assets,” he added, according to the release. “In this dynamic environment, risk management emerges as a critical tool, providing insight and strategy to navigate uncertainty and protect investments.”
As PYMNTS wrote last month, blockchain has been trying to change that for the past 15 years. The global financial system Or trying to change it.
“However, the inherently anonymous nature of the crypto industry’s Web 3 technology has allowed for blatant misuse of blockchain’s technological architecture, resulting in a flurry of scams, scams, and criminal activity and real-world financial underutilization. Also lacking are tokenized digital assets to serve as stores of value,” the report said.
In a previous report, PYMNTS noted that proponents of blockchain’s underlying technological capabilities are growing rapidly. Looking to separate technology. From its ties to the world of cryptocurrency, “largely by exploring historical opportunity areas within the traditional financial sector that digital assets were originally designed to replace.”