Lockchain.ai Unveils AI-Powered Blockchain Risk Management Platform
New Platform Offers Automated Risk Management Solutions for Traders, Investors, and Fund Managers
Lockchain.ai, a company founded by a trio of cybersecurity CEOs, has debuted what it calls the first AI-powered blockchain risk management platform. The company announced its launch on Monday (April 1), stating that its platform provides “automated risk management solutions to traders, investors, and fund managers in the blockchain ecosystem.”
According to a news release, the company was founded last year by Andrew Howard, the former CEO of Kudelski Security, Aidan Kehoe, the former CEO of Skout Cybersecurity, and Matt Higgins, the co-founder and CEO of RSE Ventures. The founders saw a “glaring need” for a security solution to complement existing security and professional due diligence services, and founded the firm with the goal of offering “easy-to-use, effective security and risk mitigation” solutions to businesses interacting with blockchain technology and digital assets.
Avoiding the Risks of Blockchain
“Recent high-profile security challenges have highlighted the imperative for users in the blockchain and crypto space to grasp the actual risks involved,” said Nick Percoco, chief security officer at Kraken and advisor to Lockchain.ai. “These users and traders need insights into how market events and emerging vulnerabilities might impact the integrity of their assets. In this dynamic environment, risk management emerges as a critical tool, providing insights and strategies to navigate uncertainties and safeguard investments.”
Transforming the Global Financial System
Blockchain has been trying to transform the global financial system for the last 15 years, attempting to replace it. However, the inherently anonymous nature of the crypto industry’s Web3 technology allowed for flagrant misuse of the blockchain’s technical architecture, leading to a rash of scams, scandals, and criminal activity and a dearth of real-world financial utility other than that surrounding the capacity of tokenized digital assets to serve as a store of value.
Separating Technology from Ties to Cryptocurrency
Proponents of blockchain’s underlying technical capabilities are increasingly keen to separate the technology from its ties to the cryptocurrency world, in “large part by finding historical opportunity areas within the traditional financial sector that digital assets were originally designed to replace.”
Conclusion
Lockchain.ai’s AI-powered blockchain risk management platform offers a critical solution for traders, investors, and fund managers in the blockchain ecosystem. The platform’s automated risk management solutions can help users navigate the dynamic environment of blockchain and digital assets, providing insights and strategies to safeguard investments. As the financial industry continues to evolve, the need for effective risk management solutions will only continue to grow.
FAQs
- What is Lockchain.ai? Lockchain.ai is a company founded by a trio of cybersecurity CEOs that has debuted an AI-powered blockchain risk management platform.
- What does the platform offer? The platform provides automated risk management solutions to traders, investors, and fund managers in the blockchain ecosystem.
- Who founded Lockchain.ai? Lockchain.ai was founded by Andrew Howard, the former CEO of Kudelski Security, Aidan Kehoe, the former CEO of Skout Cybersecurity, and Matt Higgins, the co-founder and CEO of RSE Ventures.
- Why is risk management critical in the blockchain ecosystem? Risk management is critical in the blockchain ecosystem because users need insights into how market events and emerging vulnerabilities might impact the integrity of their assets.
- What is the goal of Lockchain.ai’s platform? The goal of Lockchain.ai’s platform is to offer “easy-to-use, effective security and risk mitigation” solutions to businesses interacting with blockchain technology and digital assets.
