Global Ledger Case Study - Cross-Blockchain Protocol Development

Project Description

Digital assets tracking and AML compliance

The IdeaSoft team spearheaded the development of the GlobalLedger protocol, an innovative startup specializing in providing indispensable solutions to banks, fintech companies, and crypto startups, ensuring their strict adherence to mandatory anti-money laundering (AML) regulations in the crypto asset domain.

With the utilization of GlobalLedger technologies, regulators and law enforcement agencies gain the ability to effectively supervise financial institutions in accordance with the guidelines set forth by the Financial Action Task Force (FATF). By offering these innovative tools, Global Ledger plays a crucial role in promoting transparency, security, and regulatory compliance within the rapidly evolving landscape of cryptocurrencies.

Target Audience

Complex solution for the industry

Government and Regulatory expertise
GL protocol enables government agencies to supervise crypto market players to prevent illegal activity. GL instruments could be applied to perform large-scale investigations and gather forensic evidence on the blockchain.
Blockchain Startups, Fintech
With the GL protocol, blockchain startups and fintech companies can implement KYT practices for cryptocurrency assets, comply with FATF guidelines, and protect their businesses from regulatory risks.
Traditional Financial institutions
Due to Global Ledger’s services, financial institutions can open up the possibilities of crypto assets for their clients in full compliance with the highest AML/СTF standards.

Product Features

AML Reports
Automated risk assessment, in-depth reports, and analytics on cryptocurrency transactions for compliance needs and transaction filtering
Fraud Alerts
Suspicious activity detection and notification system that prevents the acceptance of “dirty coins” from the dark web, hacks, scams, and other illegal sources.
Investigations
Tracing cryptocurrency assets in the act of cyberattacks, identifying money laundering methods and fraud actors in order to block and return stolen funds
Certification
Training program for compliance officers to gain a deeper understanding of the basic principles of blockchain analytics and AML fundamentals

Additional Solutions

Global Ledger Products

GL Monitoring is a real-time risk-scoring solution for instant source of funds tracking, including monitoring all addresses and incoming entity transactions to ensure that an immediate alert is sent in the event of a critical AML case
GL Vision is a blockchain transaction visualization tool that allows users to verify sources of funds, traсe cryptocurrency assets in cyberattack cases, and investigate large-scale cyber crimes or hacks based on a unique GL database without limitations

Design and Branding

Brand Identity and UX/UI Design

Branding
The IdeaSoft design team developed the brand identity for the GlobalLedger product from scratch. The designers created a logo and formed a brand book with detailed guidelines for using the identity
UX/UI design
Based on a data-driven approach, the design team developed a UX/UI design for the entire platform and for all accompanying materials – data visualization, exported reports on the investigation results, and so on.

Testimonials

IdeaSoft guys fully jumped into the topic for my project right from the very beginning. They made code combined scientific researches, math and very specific blockchain knowledge. Perfect support throughout the whole development process. Flawless communication.

Alex Fisun CBDO of Global Ledger

Cases