SlowMist are pleased to announce a strategic partnership with zkMe, a “significant” advancement in their commitment to blockchain compliance and privacy.
As a key entity in on-chain analytics, MistTrack’s role in “detecting and preventing cryptocurrency money laundering is vital.”
Their platform offers comprehensive tools “including AML risk assessments, address monitoring, and intricate transaction analysis, crucial in addressing the rising tide of cryptocurrency scams, ransomware, and cyber-attacks.”
This collaboration with zkMe “signifies a new era in blockchain technology, where compliance and privacy intersect seamlessly. By integrating ouradvanced Know Your Transaction (KYT) capabilities with zkMe’s identity oracle using Zero-Knowledge Proofs (ZKPs), we are pioneering a unique approach that balances user privacy with adherence to regulatory standards.”
As explained in a blog post, zkMe, known for its innovative “use of ZKPs for privacy-centric compliance solutions, offers an identity oracle that allows users to validate their credentials for KYC and AML purposes while maintaining anonymity.”
The integration of MistTrack’s KYT technology “enhances zkMe’s suite of compliance tools.”
Their collaborative efforts are also “geared towards incorporating Know Your Business (KYB) functionalities, thus offering a comprehensive set of tools for navigating the evolving regulatory environment.”
The partnership between MistTrack and zkMe is “a significant step towards a future where blockchain users can enjoy the technology’s benefits without compromising on privacy or regulatory compliance. As the blockchain industry continues to evolve, our partnership is a testament to the potential for privacy and compliance to coexist in harmony.”
We are dedicated to fostering “a secure, compliant, and private environment within the blockchain ecosystem.”
This partnership transcends technology integration; it “represents a shared vision for the future of blockchain, where trust, security, and compliance are foundational to innovation and growth.”
As noted in the update, zkMe builds zk Identity Oracles “for truly decentralized & anonymous cross-chain credential verifications.”
No personal information “is ever processed by anyone but the user themselves. Data leaks & misuse by the service provider are impossible; full interoperability & reusability result in a superior ID solution. zkMe’s is the only FATF compliant KYC provider to be fully decentralized, offering a full suite of products from anti-bit/anti-sybil, to KYC and more.”
As covered, at SlowMist, they claim to pride ourselves “on being a frontrunner in blockchain security, dedicating years to mastering threat intelligence. Our expertise is grounded in providing comprehensive security audits and advanced anti-money laundering tracking to a diverse clientele.”
They’ve established a robust network “for threat intelligence collaboration, positioning ourselves as a key player in the global blockchain security landscape.”
They offer tailor-made security solutions “that span from identifying threats to implementing effective defense mechanisms.”
This holistic approach has reportedly “garnered the trust of numerous leading and recognized projects worldwide, including names like Huobi, OKX, Binance, imToken, Crypto.com, Amber Group, Klaytn, EOS, 1inch, PancakeSwap, TUSD, Alpaca Finance, MultiChain, and Cheers UP. Our mission is to ensure the blockchain ecosystem is not only innovative but also secure and reliable.”
SlowMist offers a variety of services “that include but are not limited to security audits, threat information, defense deployment, security consultants, and other security-related services.”
They are currently “offering AML (Anti-money laundering) software, Vulpush (Vulnerability monitoring) , SlowMist Hacked (Crypto hack archives), FireWall.x (Smart contract firewall) , Safe Staking and other SaaS products.”