How to Evaluate Blockchain Analysis Tools

Blockchain analysis tools can give businesses some of the key information they need to do so effectively. Whether your organization’s investigative team is large or small, blockchain analysis tools can help by taking the heavy lifting out of transaction monitoring. Beyond data collection, blockchain analysis tools must curate context and real-world connections for on-chain data, requiring them to have multiple mechanisms in place. Effective blockchain analysis tools continuously monitor the list and will send customers alerts when new addresses are added. A blockchain analysis tool should create clarity and transparency by tracing and reviewing every type of smart contract interaction.