Introducing Behavioral Intelligence: The Next Generation of Blockchain Investigations by TRM Labs
TRM Labs Introduces Behavioral Intelligence to Revolutionize Blockchain Investigations
SAN FRANCISCO, April 10, 2024 (GLOBE NEWSWIRE) — TRM Labs, a leader in blockchain intelligence, has unveiled a groundbreaking technology called Behavioral Intelligence, which combines the power of two innovative tools—Signatures® and Transfer Labels. This new development marks the beginning of the third generation of blockchain investigations, offering a more advanced and nuanced approach to understanding on-chain activities.
The journey towards Behavioral Intelligence began in 2020 with the introduction of Signatures®, a feature that identifies patterns in groups of transactions on-chain, revealing suspicious behaviors that may have otherwise gone unnoticed. This capability has been instrumental in uncovering sophisticated money laundering techniques and other illicit activities on the blockchain.
To further enhance the interpretability of blockchain data, TRM has introduced Transfer Labels, a dataset that provides context to specific transactions on-chain. Unlike traditional tools that simply show the flow of funds between entities, Transfer Labels offer insights into the purpose of transactions, such as the creation of smart contracts, ransom payments, or messages stored on the blockchain.
Esteban Castaño, CEO of TRM Labs, emphasized the significance of Behavioral Intelligence in blockchain investigations, stating, “Our goal has always been to understand and explain the actions within blockchain data. Behavioral Intelligence combines detailed transaction analysis with pattern recognition to offer a clearer picture of on-chain activities, providing both detailed insights and a broader understanding of events.”
This technology is expected to benefit law enforcement agencies in detecting obfuscation techniques, help financial institutions and cryptocurrency businesses enhance due diligence practices, and enable tax authorities to more effectively identify tax evasion.
TRM Labs is now offering Behavioral Intelligence to agencies and organizations seeking to deepen their understanding of blockchain activities. This advancement represents a major step forward in the evolution of blockchain investigations, providing tools for a more comprehensive analysis of on-chain data.
For more information on Behavioral Intelligence and its applications, interested parties are encouraged to contact the TRM Labs team. Learn more about TRM Labs and their blockchain intelligence solutions by visiting www.trmlabs.com.
Media Contact:
Laura Yungmeyer
press@trmlabs.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f07201d2-7187-4ca6-9a09-54ce443c98d1
In conclusion, TRM Labs’ introduction of Behavioral Intelligence is set to revolutionize blockchain investigations by providing a more advanced and nuanced approach to understanding on-chain activities. This technology combines the strengths of Signatures® and Transfer Labels to offer detailed insights and a broader understanding of blockchain events, benefiting various sectors including law enforcement, financial institutions, and tax authorities.
