Photo - ChainAware.ai
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ChainAware.ai

Switzerland
Market: Blockchain, Crypto currency, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 07.02.2024
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Idea

Detect Web3 fraud, scams and rugpulls before they happen with AI:
- real-time
- on-chain
- with 98% prediction power
and bring back trust to crypto

Current Status

Our products are live, and we have on-boarded our first clients.

Problem or Opportunity

Crypto fraud detection is very much based on the "AML Algorithm", which results in the " AML Score". Here are the companies like ChainAlysis, TRM Labs, Coinfirm, etc.

But, these are rules based algos, which usually do not work real-time. They fit for the CeFI. But they do not fit for the Web3.

Web3 needs:
- real-time
- on-chain
- AI-based fraud detection

Thats what we do in web3.

Solution (product or service)

We built AI models for fraud, scam, and rug-pull detection on Ethereum, Binance Smart Chain, and Polygon—more chains to follow.

Our models predict fraud with a 98% prediction rate; they work on-chain and in real-time.

Business model

Individuals can use the system for free.

Businesses get access to our API and need subscriptions.

Incubation/Acceleration programs accomplishment

AWS Global Fintech Accelerator
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