Arkham Intelligence adds Flare blockchain support

Arkham now supports Flare, a blockchain that provides developers with low-cost, scalable access to a wide variety of distributed data sources.

By working together, users of Flare will have access to Arkham’s Intelligence Platform for analyzing network data, the Arkham Oracle for gaining actionable on-chain insights, and the Arkham Intel Exchange for bidding on and winning different Flare-related bounties and auctions, as per the latest information shared with Finbold on September 29.

Flare co-founder and CEO Hugo Philion said in a statement on the collaboration: 

“Flare is the blockchain for data – the only blockchain optimized for decentralized data acquisition. It’s, therefore, only right that we provide network builders and participants with the best possible analytics tools to allow them to make proper data-driven decisions. Arkham’s platform is both powerful and user-friendly so we are happy they have chosen to support the Flare network. “

Arkham uses AI

To improve crypto industry transparency, Arkham uses its own artificial intelligence (AI) engine called ULTRA to automatically link addresses with real-world organizations.

In order to connect cryptocurrency transactions with traditional financial institutions, the analytics platform compiles information on the individuals and businesses involved in blockchain transactions. 

Miguel Morel, founder and CEO of Arkham, commented: 

“We are excited to be adding support for yet another blockchain to our platform, especially one that is already so focused on data and understands the importance of data-driven decision-making. We will continue expanding our breadth and depth of coverage going forward in order to provide the radical transparency our industry needs.”

Arkham allows Flare users to maintain tabs on their portfolios and watch what the world’s best traders and investors are doing in real-time.  

Aside from that, they may utilize the information for things like due diligence, forecasting market movement, monitoring and reporting on illegal financial transfers, and facilitating personal research.