MatchSystems - provider of AML, Protecting users from fraudulent activity on TRON

[manfred_jr]

Is there a limit to how far risk can be transferred across a chain of addresses? For instance, if funds pass through several intermediaries, is there a point where the risk score is significantly reduced or no longer passed on?

[Chukseucharia]

Ok, thank you for the answers. All the best team

[leohymon]

@panich

Most blockchain platforms provide membership using a wallet. Is there a specific reason why you choose a different method?

I also get this error when trying to register? (I got the same error with my original email address)

[kishan1729]

This project is really interesting and could be a big step in making the blockchain safer! Tracking illegal activities and helping users avoid problems is a great idea. But I have a questions : Since the project focuses on TRON, how do you plan to scale it for use on other blockchains in the future?

[Fortunate]

Weldone but I think hardware is still the best way to prevent wallet from attacking or how did you want to achieve all your listed point.

[panich]

@Chizz

Ok I understand it now and I think that this approach will make the newbies involve in crypto fraud to be unsure on whether to reach out when they are victimized on crypto fraud and will make the system unfair. I think what we need is a system that will treat every incident fairly without looking how rich the victims are or the amount that they lost.

Hi! Sorry for the late reply
Yeah, we are trying our best, but most of the investigations are manual process and we sometime need to make prioritise
But every user can always report any fraud and we will mark this scam addresses anyway at some point

@Chizz

Many users are still not aware of your project, what marketing strategy are you using to spread the awareness of your project to the public?

In the future, we will be holding more AMA sessions on cybersecurity so that users are less likely to fall for classic scams and know what to do if funds are already lost.
And of course we will try to release more useful apps for the audience - telegram bots for AML check, transactions/addresses monitoring, accident reports and etc

[panich]

@mahreenzahoor384

What inspired the creation of this project, and how does it address a critical issue within the Tron blockchain ecosystem?

Hi, sorry for the late reply!
The main problem we want to solve is to make the crypto community safer and help users avoid losing funds due to freezing or being a link in a money laundering chain. The problem usually becomes obvious when your funds are already frozen, but we want to help people prevent this before it’s too late.

[panich]

@leohymon

Most blockchain platforms provide membership using a wallet. Is there a specific reason why you choose a different method?

I also get this error when trying to register? (I got the same error with my original email address)

We currently have a fairly complex account verification, as we have already been hacked and DDoS’d several times. In the future, we plan to simplify authorization and make it more user-friendly.
Judging by the screenshot, I can assume that your passwords do not match, but in any case, to fully see our product, I would recommend opening a demo account, we have attached the access details in the project description.

[panich]

@manfred_jr

Is there a limit to how far risk can be transferred across a chain of addresses? For instance, if funds pass through several intermediaries, is there a point where the risk score is significantly reduced or no longer passed on?

Hi! Sorry for the late reply. Good question, usually the risk is spread out after 5-7 hops, but if the attacker is intentionally trying to transfer funds through his addresses - we will track it and it will not matter how many transfers he made )

[panich]

@kishan1729

This project is really interesting and could be a big step in making the blockchain safer! Tracking illegal activities and helping users avoid problems is a great idea. But I have a questions : Since the project focuses on TRON, how do you plan to scale it for use on other blockchains in the future?

Hello and thanks for the question! We support several blockchain with the most activity. At the moment these are Tron, Eth and Btc. In the future, we are planning to add TON and several other networks.
We would gladly monitor more networks, but we do not have enough resources at the moment) In any case, basically most of the transactions and address markings are right now in this 3 networks

[panich]

@Fortunate

Weldone but I think hardware is still the best way to prevent wallet from attacking or how did you want to achieve all your listed point.

Yes, of course, ideally you should keep funds in cold wallets, and only keep a small amount for regular spending in hot wallets. But, as a rule, many people ignores this rule and we still see how millions of dollars are stolen or large exchanges are hacked.
And don’t forget about sanctioned countries, you can also accidentally receive such funds and they will be frozen on some centralised exchanges

[maaz]

@SimbadMarino @leohymon @admin.hackathon
@Prince-Onscolo @Gordian @manfred_jr @ines_valerie

This dude has participated in season 3 and season 2 with the same project , same description , How it’s eligible for this season 7 too with no updates been made ? And if eligible why he is not in builders track this time why web3 track still?

Match Systems - provider of AML, Compliance and Investigations data for crypto industry with the deepest level of real-time exploration

Project Name: Match Systems Project Track: Web3 Team Member(s): 5 DevPost URL: Match Systems | Devpost Project Goal: In today’s world, the use of cryptocurrencies involves high profits and high risks associated with the inability to track incidents involving them promptly. Our company’s mission is to create a secure environment for cryptocurrency holders and participants in the cryptocurrency business. The quality of data supplied by data providers is one of the main factors in the effecti…

Match Systems - provider of AML, Compliance and Investigations data for crypto industry with the deepest level of real-time exploration

Project Name: Match Systems Project Track: Web3 Team Member(s): 5 DevPost URL: Match Systems | Devpost Project Goal: In today’s world, the use of cryptocurrencies involves high profits and high risks associated with the inability to track incidents involving them promptly. Our company’s mission is to create a secure environment for cryptocurrency holders and participants in the cryptocurrency business. The quality of data supplied by data providers is one of the main factors in the effecti…

[Johnadelabi]

The project is not well explanatory

[SimbadMarino]

Thanks for pointing this out, it will be considered depending on judging phase outcome

[kishan1729]

Thanks for the update! It’s great to see support for multiple blockchains, and I’m excited for the future additions like TON. Keep up the good work!

[Holiboy]

You have so little information in your project description. pleaes try to update it

[manfred_jr]

Thanks for the clarity.

[Chizz]

Ok that will be nice. Thank you for replying to my questions. I am eager to see what the future holds for this project. Good luck to you
Not forgetting to mention that I gave you my vote

[MsHerbert]

I agree. With that logic, shouldn’t they be in builder?

But if they didn’t change anything, I don’t think judges and forum users re-select them

[constantinpricope201]

Maybe @panich helped us with the differences or the updates he made?