The biggest shift for Crypto is now happening

Submit this under things that you cannot say two years ago: Blockchain Technology is mature, its ability to Compatibleand The prevailing use grows.

“The banks are in the state they consider in Blockchains as a general infrastructure they need to rely,” series Participant founder and CEO Jonathan Levin Karen Webster said.

In particular, Levin said adopted Stablecoins It is one of the most important shifts in the use of Blockchain, at least since the analysis began in 2014. The transformation was huge. Now, hundreds of billions of dollars Move Via Blockchains while being Stored in traditional financial institutions such as banks or US Treasury bonds.

“When we started working in 2014, that was not yet understandable,” he said. “Coded It means only Blockchains that had the original cryptocurrency symbols. Today, people put everything Species Financial tools on Blockchain, including the US dollar. “

However, the challenges remain about global politics frameworks to merge Classy progress such as artificial intelligence In ecosystems on the chain.

There is a batch of a federal frame on Stablecoins, which is important Industry confidence Levin He said.

Without a federal framework, it is so Very difficult Financial services and international institutions are truly satisfied in “Using Stablecoins on a large scale,” he said, adding that as a conversation about Crypto Systems It develops, providing clarity, compliance and insight more important.

Stablecoins and change adoption patterns

Chainalysis, Blockchain Data Company With a task To shed light on the world of traditionally dark transactions from encrypted currency transactions. After more than a decade, it includes a group of data that extends to 70 countries, capable of providing deep visions on how to encrypt UseThe aggressor and his organization.

As it is related Stablecoins growth, tracking real dollars instead of just codes of encryption may expand the Blockcha control range. This development has Turn Blockchain from a place technology Levin said a major component of financial infrastructure.

“What we started to see with OCC Guidance and second “The guidance … is that this will be possible for banks to do It is used To settle financial transactions, transfers and payments everyone All over the world On these bars. “

However, the continuous criticism of the encrypted currency It is its alleged use of illegal activitiesAnd Fraud operations and scam Separate challenges remain. Estimates from the analysis chain highlights that cryptocurrency transactions ranged between 10 billion dollars and 12 billion dollars annually linked to fraud.

series He is in a unique position To monitor the “supply chain of fraud activity”, it provides an insight into how to buy fraudsters and sell illegal servicesLivin said.

“The government has helped seize more than $ 10 billion of encryption assets from criminal revenues,” he said.

there It was also progress It was made in combating the use of cryptocurrencies, stablecoins for money laundering and other financial crimes.

He said: “The encrypted currency transactions that we were able to link with these types of activities are in fact a smaller percentage of total activity.” “It has started much higher, but now less than 1 % of the transactions that we can link directly To these types of Actors.

This decrease is Largely Thanks to the improvement of the organization and the ability of Blockchain monitoring tools to help discover illegal transactions more accurately When compared Many traditional financial systems.

Draw the future of Blockchain technology

One of the fields of excitement shared by the stakeholders within the web3 ecosystem is the ability to improve artificial intelligence on literacy and compliance with encryption. Despite your Blockchain steps you made yetWidespread misunderstanding about technology overlooking is still standing.

Levin said: “Even people who defend this technology … also do not defend the fact that the cryptocurrency was more effective as a tool for each of the institutions that define risky activity for bad agents than their platforms and that the application of the law is able to calculate the fraudsters,” Levin said.

series itself He continues to invest in educating institutions about How Blockchain worksUsing artificial intelligence to simplify the complex concepts of organizers and industry participants.

“I am very optimistic about The possibility of artificial intelligence In reality The context of some transactions and concepts for peopleLevin said.

“We are still working to do,” he added. “But progress is real. The potential is enormous.”