Blockchain and Cryptocurrency Transaction Identification and Visualization

Overview

Development stage

DeployedSource: c) Deployed – The use case is being actively authorized or utilized to support the functions or mission of an agency.

High-impact designation

Not high-impactSource: c) Not high-impact

Impact justification

Not reported

Start date

2017-01 (month precision)Source: Jan-17

Withheld from public reporting

NoSource: a) No

Mission

Topic area

Other

Operational functions

No function tag matched Derived by keyword rules; see methodology

Problem the AI is intended to solve

Tool will improve ability to identify and track the flow of transactions executed on the blockchain.

Expected benefits

Making blockchain-based transactions more transparent and creating visualizations to facilitate understanding transaction flow, which supports identification of criminal activity by following the money through mixers, swaps and smart contracts.

System outputs

The outputs demonstrate the transactions across multiple blockchains.

Technology

AI classification

Natural language processingSource: Natural Language Processing: AI that processes, interprets, and shares information in human language.

System name(s)

Not reported

Custom-developed code

No

Public source code

Not open source.

Sourcing

How it was built

Purchased from vendorSource: a) Purchased from a vendor

Vendor (as reported)

Chainalysis

Vendors (standardized)

CChainalysis

A vendor is the supplier named by the agency. It does not identify the underlying model or AI technology.

Data and privacy

Involves PII

No

Privacy Impact Assessment

Not reported

Authorization to Operate

No

Demographic features

i) Income

Training and evaluation data

FDIC does not train the model.

Federal Data Catalog

Not reported

Governance

0 of 8 minimum-practice questions answered. A blank answer means the agency reported nothing; it does not mean the practice is absent.

Potential impacts and how they were identified

Not reported