Post
Topic
Board Bitcoin Discussion
Re: Russian tool will make your transactions transparent
by
Captain-Cryptory
on 18/08/2020, 10:39:19 UTC
According to Cointelegraph developers from Lebedev Physical Institute have successfully developed a prototype of new crypto analytics system called "Transparent Blockchain".

They claim this system effectively uses artificial intelligence to reduce anonymity of transactions in blockchains like Bitcoin, Ether, Omni, Dash and Monero.

In essense, the system enables blockchain analysts "to track the movement of digital financial assets and identify crypto service providers to fight illicit activity related to digital assets".

What do you think? Should we be worried?

Even if they really developed  (and that's a big "if") such AI based tool it should be fed by Big Data to be trained through experience to recognize  persons behind every transaction. (AI without training is  like a newborn child’s brain).  I'm in doubt they have such data, they have to obtain it somehow. The question seems to be open on how will they do so.