Crypto analytics firm Chainalysis proposes standards for blockchain tracing
Crypto analytics firm Chainalysis has proposed a standardized ontology for blockchain tracing to assist law enforcement in investigations. The proposal aims to provide a reliable, court-tested framework for identifying wallet clusters and linking them to specific entities.
Why it matters
Establishing standardized forensic methods for blockchain data is critical for the legal admissibility of crypto evidence in criminal prosecutions.
The company rolled out an ontology outlining how investigators can trace funds to wallet clusters and identify which wallets might be under the control of the same entity, in the hopes of creating a standard that law enforcement entities can use in investigations, it said in a blog post published Monday.
The article provides a factual account of the company's proposal and its context in previous legal cases without taking a stance on the technology.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in