Scorechain provides a suite of business intelligence and risk analysis tools that help clients meet regulatory and compliance requirements by illuminating transaction histories on the blockchain. The company offers a web interface and an API intended to appeal to bitcoin startups implementing more stringent KYC and AML policies as well as major financial institutions. The service is optimized for the European market and can build custom reports for companies in different nations with information tailored to local regulatory needs. Its "Lookup" tool lets users see transaction details—amount, fees, confirmation date—and displays charts linking addresses or transaction IDs to past and future blockchain movements using cluster detection and address identification. Scorechain currently operates in free beta and is exploring pricing models. The company has four full-time employees and said funding will be used to expand the team to six. The CEO acknowledged limitations because the service relies on public sources like Reddit and Pastebin to link addresses to entities and said Scorechain may seek data from industry partners but must determine how to handle sensitive customer information.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2015