OkayCrypt

World’s first scoring ecosystem for cryptocurrencies OkayCrypt is CIS startup founded by Cryptonomos's COO and Arilot's CTO & COO. We took part in designing and launching first ICO platforms on the Worldwide market ( tokenhub.com and cryptonomos.com). We have deep technical experience in designing and building a high-available, secure and scalable infrastructure for high-load Fintech applications, BigData, Blockchain, and AI. Our Mission: Make the Cryptocurrency World Clean. OkayCrypt makes it possible to analyze Bitcoin transactions, associate the address with the wallet, identify the sources of income, including the income from illegal and criminal activities. Customer need: OkayCrypt detects fraudulent virtual activities, prevent money laundering and the financing of terrorism. We developed OkayCrypt because our customers complain they spend too much time monitoring illegal activities of their clients instead of developing business. OkayCrypt works non-stop and helps to monitor suspicious transactions and report risk score with illegal activities without delay. Products and services: OkayCrypt makes it possible to analyze Bitcoin transactions, associate the address with the wallet, identify the sources of income, including the income from illegal and criminal activities. OkayCrypt enables to AML/CFT in virtual assets, identify address owner’s sources of income; find links between several addresses; reveal links with criminal activity and assess risks when working with clients (KYT) Target market: Fintech and Regtech companies, that make cryptocurrency operations or will do the identification of fraudulent operations in cryptocurrencies. Worldwide. Customers: FinTech companies: Banks, Crypto Exchanges, Crypto Lending platforms. RegTech sector: Regulators, AML/CFT organizations and funds, Governance. Our main customers are Crypto Exchanges because the cryptocurrency mainstream passes through them. We contacted some crypto exchange platforms and they assured us they were interested in such solution. Some of them use our competitors’ products, but they’re not satisfied with quality or/and price How does it work? 1. OkayCrypt has analyzed the entire Bitcoin Blockchain and grouped all addresses by the user wallets, establishing all existing links on the transactions. It is a very big graph; and our system is working with it non-stop, monitoring all new blocks of the chain and analyzing them. 2. Our system parses hundreds of public resources, finds their bitcoin-addresses and assesses the public content using Machine Learning. 3.Having received a request, OkayCrypt system: - Gets all addresses of the user’s wallet and many of the addresses that are linked to the user’s addresses - Searches for these addresses in our databases and establishes a connection with certain activities (exchanges, mining-pools, gambling, scam, hacking, etc) - Analyzes the results and provides a complete report on the address/transaction: *The date when the activity in the Bitcoin network began *The amount of all transactions *First/Last transaction *Current balance on the user’s accounts *Different types of activity (%) *Risk assessment of dealing with this user *A detailed chart that shows time of big transactions on a certain address in the Bitcoin network *Visualization of communication with other addresses and areas of activity Sales and marketing strategy: We are planning to conduct a JTBD among our partners (Crypto Exchanges) to identify their true needs. The main marketing message will be that our customers become part of the crypto ecosystem. This will allow them to feel part of something bigger. Also, our customers can share information (suspicious transactions, addresses of fraudsters' wallets) in exchange for free checks.