China’s centralized blockchains couldn’t be any farther from Bitcoin’s. Designed for maximum control, they will become tools for improved surveillance and social engineering.
In order to help banks comply with a growing set of regulations, Elliptic is building a platform that enables banks and other businesses to gain more visibility into crypto transactions and identify illicit activity on the blockchain.
Government agencies, hospitals, higher education institutions, power companies and prominent business enterprises are among some of the sectors experiencing an onslaught of elaborate hacks and thefts as cybersecurity continues to garner increasing attention.