• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Elliptic and MIT-IBM Watson AI Lab Research Explores Bitcoin Transaction Patterns

Elliptic and MIT-IBM Watson AI Lab Research Explores Bitcoin Transaction Patterns

05/01/2024
Unique Freight Logistics Nominated for Go Global Awards 2025 in London

Unique Freight Logistics Nominated for Go Global Awards 2025 in London

09/09/2025
Model Rice Mills Nominated for Go Global Awards 2025 in London

Model Rice Mills Nominated for Go Global Awards 2025 in London

09/09/2025
Evolve Future Mobility Show 2025

Revolutionize the Future of Transport at the Evolve Future Mobility Show 2025!

09/09/2025
Shipping & Procurement Consultants Group (Inc.) Limited Nominated for Go Global Awards 2025 in London

Shipping & Procurement Consultants Group (Inc.) Limited Nominated for Go Global Awards 2025 in London

09/09/2025
Prognica Labs Nominated for Go Global Awards 2025 in London

Prognica Labs Nominated for Go Global Awards 2025 in London

09/08/2025
Evegrocer Nominated for Go Global Awards 2025 in London

Evegrocer Nominated for Go Global Awards 2025 in London

09/08/2025
Cuesoft Inc. Nominated for Go Global Awards 2025 in London

Cuesoft Inc. Nominated for Go Global Awards 2025 in London

09/08/2025
Hachiko Efficiency Services Nominated for Go Global Awards 2025

Hachiko Efficiency Services Strengthens Environmental and Hazardous Materials Management Across the Pacific

09/06/2025
Mechanic inspecting car engine with digital tablet - Supply Chain News

U.S. Finalizes Trade Deal with Japan, Sets 15% Tariffs on Key Imports

09/05/2025
Container ship at a busy port, undergoing loading and unloading operations. - Supply Chain News

What’s Next for Trump’s Tariff Strategy?

09/05/2025
Industries in India Face Pressure as US Imposes 50% Tariffs

Industries in India Face Pressure as US Imposes 50% Tariffs

09/05/2025
US–Japan Trade Deal Implements 15% Tariff Baseline

US–Japan Trade Deal Implements 15% Tariff Baseline

09/05/2025
supplychainreport
Tuesday, September 9, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Elliptic and MIT-IBM Watson AI Lab Research Explores Bitcoin Transaction Patterns

by Daisy D.
05/01/2024
in Anti-Money Laundering (AML), Compliance

Blockchain analytics company Elliptic, in collaboration with the MIT-IBM Watson AI Lab, has released a research paper examining patterns of illicit activity within bitcoin transactions.

The study, utilizing a dataset known as Elliptic2, significantly larger than previous iterations, delves into the analysis of 200 million bitcoin transactions. This dataset expansion allows for a more comprehensive exploration of money laundering detection through machine learning techniques compared to their initial efforts in 2019, which were based on a dataset of only 200,000 transactions.

YOU MAY ALSO LIKE

RightVantage Exim Launches Free Tariff Analysis Tool

Maprima Management BV: Driving Corporate Services Excellence Across the Benelux

Within the Elliptic2 dataset, researchers identified 122,000 groups of connected nodes and transaction chains, referred to as “subgraphs,” associated with illicit activities. Through the application of artificial intelligence models, potential money laundering patterns within the Bitcoin blockchain were detected.

According to the findings, various techniques commonly employed in cryptocurrency money laundering were observed. Among these, “peeling chains,” where cryptocurrency is repeatedly sent to different addresses, and the use of “nested services,” which facilitate fund movement through cryptocurrency exchanges, were prevalent.

Tom Robinson, co-founder of Elliptic, highlighted the evolutionary nature of crypto laundering techniques, noting that the advantage of employing AI and deep learning approaches lies in their ability to automatically identify emerging patterns.

The research sheds light on the complex landscape of illicit activities within cryptocurrency transactions and underscores the importance of continued vigilance and technological advancement in combating financial crimes in the digital realm.

Catch the latest in supply chain news on The Supply Chain Report. Visit ADAMftd.com for free international trade tools.

#Elliptic#MIT#IBM#Watson#AI#Blockchain#Research#Bitcoin#Transactions#SupplyChainNews

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.