Best Blockchain Analysis Tools - Page 4

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Researched and written by Brandon Summers-Miller

Blockchain analysis tools are used to examine the information documented on blockchains and distributed ledgers. These solutions provide tools for investigating entities, individuals, and transactions interacting with a blockchain. Users can search for specific events, monitor for unusual activity, and represent a blockchain’s data visually.

Companies use blockchain analysis solutions to bolster protection against fraud, misuse, and non-compliance. Anti-money laundering (AML) and know-your-customer (KYC) are two of the most common uses. These help companies trace funds to their source and recognize suspicious or risky customers. Some tools even have anomaly detection features to block unapproved users or unverified transactions.

Blockchain analysis software does have some overlap with the blockchain identity category. Both types of solutions can be useful for evaluating the risk associated with a specific identity or entity. While blockchain analysis features may not have the same scope of identity management features, their functionality does include features for transaction analysis and data modeling.

To qualify for inclusion in the Blockchain Analysis category, a product must: