Category: Software
Organization: Narcotics Control Bureau (NCB)
Abstract
This project involves creating a Cryptocurrency Transaction Tracing Tool using AI and blockchain analytics. The tool will track the flow of cryptocurrencies used in drug trafficking, identifying the end receiver of the funds.
Key Components
- Transaction Analysis: Use blockchain analytics to trace cryptocurrency transactions across multiple wallets and services.
- AI Algorithms: Deploy AI algorithms to detect patterns and anomalies that suggest illicit activity.
- De-Anonymization Techniques: Implement techniques to de-anonymize users involved in the transactions.
Expected Outcome: The tool will aid law enforcement agencies in tracking down individuals involved in drug trafficking, even when they use cryptocurrencies for transactions.