COTI has partnered with AnChain.AI, a provider of critical security and compliance infrastructure for blockchain platforms and applications.
The collaboration will allow AnChain.AI and COTI to jointly research and implement ‘compliant confidentiality’, providing tools that will enable businesses and individuals to scan, monitor, and report effectively on transactions made on privacy-focused chains.
AnChain.AI: Empowering Next-Gen Compliance and Security
Founded in 2018, AnChain.AI is an award-winning AI-powered cybersecurity company with a strong reputation for leading the fight against next-gen financial crimes. The organization, which was started by cybersecurity and enterprise cloud experts from Mandiant and FireEye, protects decentralized finance through AI-powered intelligence and is regarded as the industry leader in smart contract and DeFi investigations.
The first stage in the partnership will see AnChain.AI provide monitoring and evaluation services for COTI. AnChain.AI will advise COTI and builders on the COTI network to help them understand critical issues and concerns that may arise from working with decentralized technologies across a myriad of sectors. AnChain.AI has touchpoints with key financial intelligence and government agencies — including the SEC, IRS, and FINRA — giving it excellent insight into the practical measures that builders need to take in order to remain compliant.
“At AnChain.AI, we are committed to staying ahead of the curve in safeguarding the Web3 ecosystem from fraud and financial crime. Our collaboration with COTI combines their advanced privacy technology with our AI-powered Risk Detection, AML, and Compliance capabilities, enabling confidential, real-time intelligence at unprecedented scale. Together, we are reinforcing our shared mission to protect financial entities and developers worldwide against threats of ever-increasing sophistication with AI-powered security solutions.” — Christian Nunez, Head of Partnerships, AnChain.AI.
AI-Powered Risk Engine
As the partnership progresses, AnChain.AI and COTI will investigate how privacy might be useful for AnChain’s AML API — referred to as an “AI-powered risk engine”. This API can be used to query the blockchain and return information and intelligence about given addresses, aided by AI. The service is designed to strengthen the security of global financial entities.
Establishing a strong presence in the on-chain privacy space is a highly strategic move, since confidentiality is rapidly becoming the dominant narrative across the blockchain sector, including for DeFi dApps, CBDCs, real-world assets (RWAs), and more. The partnership of AnChain and COTI naturally opens the door to future collaboration with companies and applications building using garbled circuits, giving a foothold in a rapidly-expanding ecosystem of projects.
COTI, Leaders in Decentralized and Confidential Computing (DeCC)
Privacy is a requirement for companies that need to meet compliance standards. Data protection laws require that organizations protect customers’ data — something that is not possible with fully transparent systems. Therefore, without privacy we will not see broad business adoption of blockchain.
The COTI Network is the fastest and lightest confidentiality layer in Web3. COTI introduces the most advanced solution for data encryption on the public blockchain, a novel implementation of garbled circuits (GC) developed in partnership with Soda Labs, and secured by Ethereum.
Benchmark tests have shown that GCs run up to 3,000 times faster than fully homomorphic encryption, the closest alternative DeCC technology. The combination of a robust but lightweight and fast privacy solution paves the way for the next wave of Web3 innovation and adoption, unlocking a whole new world of use cases — including confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more.
As a partner with deep knowledge of the regulatory space, AnChain.AI will lead on research into the benefits, problems, and solutions of privacy chains such as COTI, marketing those findings and providing comprehensive monitoring and compliance solutions.
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Website: https://coti.io/
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GitHub: https://github.com/coti-io
