A Vancouver-based blockchain company has built a new course giving law enforcement the knowledge and tools required to conduct technical investigations on the Ethereum blockchain.
Blockchain Intelligence Group, a subsidiary of BIGG Digital Assets Inc. (CSE: BIGG) (OTCQX: BBKCF), announced the release of its Certified Investigator (CCI) training program on Monday.
Blockchain Intelligence Group has developed a comprehensive three-module certificate program that actively examines the intricacies of Ethereum. Ethereum is the world’s second-largest blockchain platform with over 641,000 Ethereum-based tokens.
The CCI ETH training program empowers investigators and anti-money laundering (AML) professionals with comprehensive knowledge of the Ethereum blockchain.
“The launch of CCI ETH marks a crucial milestone in our commitment to equipping investigators and AML professionals with the latest tools and knowledge necessary to combat financial crime,” said Lance Morginn, president at Blockchain Intelligence Group.
“By offering a specialized training module focused on Ethereum, we aim to bridge the knowledge gap and empower professionals to conduct thorough technical investigations, keeping pace with the ever-evolving digital assets ecosphere.”
Read more: Bigg Digital Assets relaunches Netcoins Pay for cash back and Bitcoin rewards
Read more: DMG Blockchain Solutions introduces Bosonic Network for Terra Pool members
Participants learn history and internal workings of Ethereum
Participants gain a deep understanding of its history, internal workings, transactional analysis, identification of illicit activities, and the utilization of BIG’s blockchain forensics platform, QLUE, for tracing transactions.
It aims to provide the audience with a comprehensive understanding and analysis of the Ethereum network. It covers various aspects such as the network’s history, the Ethereum protocol, the ERC-20 standard, smart contracts and a comparison of proof-of-work (PoW) and proof-of-stake (PoS) consensus mechanisms. The module also addresses the main challenges faced by Ethereum and expected resolutions in the near future.
By the end of the course, participants are well-prepared to handle intricate cases involving Ethereum-based tokens and navigate the complexities of decentralized applications.
Additionally, the course introduces the wide range of potential applications for Ethereum, highlights the key differences between Ethereum and Bitcoin and briefly discusses how Ethereum supports decentralized finance (DeFi).
Lastly, the module concludes with an examination of Ethereum clustering techniques, an exploration of Ethereum blockchain explorers, and a demonstration showcasing how Ethereum investigations can be conducted QLUE.
This initiative enhances the capabilities of law enforcement agencies to effectively combat financial crimes in the rapidly evolving digital assets landscape.
There are a host of other companies providing these services. Some of these include Chainanalysis, DMG Blockchain Solutions (TSXV: DMGI) with its blockseer suite of tools and California-based Ciphertrace.
Each of these include tools that map blockchain wallet addresses to real-world entities, helping to identify illegal activities, dark web markets, scams, and ransomware. Also, these services include continuous transaction monitoring to help detect high-risk activities. This technology is currently being used by the Federal Bureau of Investigation, Internal Revenue Service, numerous cryptocurrency exchanges, as well as other law enforcement agencies.
Bigg Digital Assets shares were flat at $0.24 on Monday on the Canadian Securities Exchange.
.
