Compliance and Fraud Detection
Trusti enables the creation of accredited and identified cryptocurrency wallets,
and offers the fastest fraud detection and analysis solution in blockchain
Security Token Compliance
Trusti enables the creation of accredited and identified cryptocurrency wallets, with specific attributes defined by the authority certifying them.
With Trusti’s unique certification system, transactors can have confidence in to whom they are sending funds, whether a corporate or private entity.
Before completing the transaction, the sender can check the true details of the recipient and which authority has certified this identity. Bad news for phishing fraudsters, great news for confidence in cryptocurrency transactions.
While the tokenization of assets into security tokens is seen as a core future direction of cryptocurrency, almost every legal jurisdiction mandates that persons exchanging such assets be identified and/or accredited by KYC regulation.
Trusti allows regulatory bodies to certify eligibility and compliance for securities trading, and Trusti’s terminal enables deep chain analysis for preventing tax evasion and money laundering.
The Blockchain Economy at a Crossroads
The birth of blockchain technology promised a faster, more efficient, and democratic financial model for the global economy. The response was overwhelming, but regrettably, the nascent token economy developed devoid of true value; based on hype, volatility, manipulation and greed. The problem was that the same advantages blockchain technology offered for good, also opened doors for malicious actors to profit. An economy of wild speculation, illicit trading, money laundering, and tax evasion developed.
It became clear that for a mainstream tokenised security economy to develop in place of the previous utility token model, there would need to be major reforms and the security token economy had to be held to the same standards as any other financial instrument. This mustn’t apply only to the concept of true value creation, but on the mechanisms for regulating the exchange of such securities.
Trusti Certification enables those with accreditations such as sophisticated investor status to display them and gain access to regulated products and services.
This product helps identify transactors of regulated securities, protecting them against fraud or theft, while speeding up the accreditation process enabling faster and more scalable trading solutions for investors in rapidly changing markets.
Trusti Terminal is being built in partnership with one of the world’s leading technology providers for high frequency trading and fraud analytics. The result will be the fastest graphing technology ever applied to blockchain analytics, enabling the application of complex fraud detection algorithms and impactful chain analysis.
The terminal is designed to deliver value to financial institutions and governmental organisations by protecting against engagement with malicious networks.
Digital Identity Solutions for Every Use-Case
A secure wallet with identity management and protection from phishing attacks. Certification for security token compliance; such as age, licenses, and residency, and the ability to check wallets on the Terminal.
Identifying parties to the transaction of protected data – such as patient information. Trusti enables to transact data with confidence in the true identity of the recipient and to scan for fraudulent networks.
Know Your Customer (KYC) compliance. Ensuring corporate entities can comply with regulations by identifying users and their accreditation, including degrees of separation from known fraud.
What do you get with Trusti?
Trusti offers a comprehensive solution to the proliferation of unregulated trading and fraudulent transactions on the blockchain by tackling the problem holistically. Simultaneously we enable the accreditation of good actors, and advanced technology for identifying malicious actors.
A subscriber prepares a certificate request and submits it to the relevant authority. This authority then follows the validation procedure, using different steps depending on the type of certificate requested. After successful validation, the certificate is issued and the subscriber cross-signs it to prove ownership of the address. The address can then be used for participation in accredited transactions.
The certificate is disseminated to relying parties. In case of revocation, the certificate is blacklisted and publicly included in an online responder which clients can query through Trusti’s API or Terminal. Before a client trusts an address, the entity’s digital certificate is checked for anomalies or problems, and checks that the certificate is not blacklisted.
Trusti’s Terminal will enable the deepest and fastest chain analysis ever applied to blockchain technology. Operating using the world’s fastest processing, the Terminal is designed to process fraud-detecting algorithms at record speed. The Terminal compliments Trusti’s certification mechanism by pairing the presentation of positive credentials with the exploration of illicit activity.
Trusti has a team comprising of highly accomplished and experienced blockchain visionaires. Together this team has been responsible for many essential developments in decentralized ventures. Trusti’s team share an evolutionary philosophy for the project.
Our advisors are globally recognized regulatory and compliance experts, as well as strategic partners.