CertiK, a company specialized in blockchain and smart contract security, has announced the release of a new SkyInsights tool to address the growing needs related to crypto compliance and risk management in the Web3 industry.
The platform, SkyInsights, leverages CertiK’s extensive databases to provide enriched risk insights, involving more than two billion wallet addresses and smart contract labels across more than 150 different categories. These data points are intended to give companies with exposure to digital assets a better view of transaction and counterparty risks.
As part of CertiK’s services, SkyInsights offers wallet screening capabilities and aims to provide more detailed insight into transactions. Additionally, SkyInsights integrates with CertiK’s existing security services, reflecting the company’s strategy around comprehensive security. The platform aims to provide visibility into all layers of the Web3 stack, from smart contracts to wallet addresses and transactions.
SkyInsights also has transaction monitoring software to flag potential issues and provide remediation insights. The platform’s alerts are based on CertiK’s security incident monitoring and real-time database updates.
Cryptocurrency trading platform BitMart will be the first user of SkyInsights, aiming to leverage the platform’s risk and compliance management system. BitMart and CertiK have also expressed plans to explore technological advances in asset freeze requests, data labeling standards and information sharing processes.
Since 2022, CertiK has reportedly detected more than 1,100 security incidents, resulting in a total loss of $4.8 billion. The company’s suite of security products has monitored more than two billion wallets and smart contract addresses and assessed security trends for nearly 12,000 projects.
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