Elliptic – the blockchain analytics and data intelligence provider – and BlockTrace – the integrator of cyber intelligence and insights – have announced a strategic partnership, which will bolster “the capabilities of national security entities to monitor the digital asset ecosystem and protect critical infrastructure against evolving cyber threats.”
As digital currencies and blockchain technologies become entwined with global financial systems, the urgency “to equip national security agencies with nuanced expertise, deep intelligence data and state-of-the-art tools has surged to a critical point.”
This collaboration comes at “a time when the digital asset space has seen a steep rise in illicit activity, with both state- and non-state actors leveraging decentralized finance platforms and blockchain technologies for illicit purposes.” This threatens not only financial systems, “but also national security frameworks globally.”
Elliptic, with its industry-leading repository of crypto identity data and tracing capabilities, and BlockTrace, “with its expertise in cyber intelligence integration, are combining forces to provide national security entities with the insights and capabilities necessary to preempt and counter these emerging threats.”
Elliptic Co-founder James Smith remarked on the alliance:
“The synergy between Elliptic’s extensive crypto data intelligence and enrichment capabilities and BlockTrace’s expertise in cyber intelligence integration creates a formidable force in the fight against cyber threats. Our combined efforts aim to facilitate a safer, more secure digital environment by empowering national security agencies with unparalleled insights and tools to stay a step ahead in this ever-evolving space.”
Central to this collaboration is the integration of Elliptic’s robust crypto identity data with BlockTrace’s pioneering cyber intelligence applications.
This integration enables government agencies to develop bespoke cyber data solutions leveraging blockchain, open source, and proprietary data “on one platform; marking a significant stride in fortifying national security frameworks.”
Building on established successes with numerous US government clients, Elliptic and BlockTrace have built “a suite of capabilities to foster an environment of preparedness and resilience against potential cyber attacks.”
BlockTrade Founder and CEO Shaun MaGruder said:
“In this digital age, the synthesis of data from leading blockchain intelligence entities is pivotal in equipping our national security and other public sector allies with a decisive advantage against emerging threats. Through this partnership, we are harnessing the power of data integration to deliver a comprehensive and proactive approach to cyber defense, safeguarding our national assets and interests against potential breaches.”
As noted in the update, Elliptic claims it is a global leader in “the provision of blockchain analytics and data intelligence, pioneering investigative and compliance solutions for government agencies, financial institutions, and cryptocurrency businesses worldwide.”
Established in 2013, Elliptic is dedicated to “identifying illicit activity on the blockchain and providing actionable intelligence to prevent financial crime in the digital asset space.”