The prominent blockchain intelligence platform Arkham has introduced the earliest on-chain intelligence exchange. On the platform’s official Twitter handle, it noted that the customers can now sell as well as purchase information on any blockchain-based wallet’s owner. They can do this with smart contracts anonymously.
Arkham Initiates the 1st On-Chain Intelligence Exchange
In addition to this, the platform mentioned that purchasers on the Arkham Intel Exchange can demand intelligence from the members of the community. For this purpose, they can place bounties. Following that, the bounty hunters can claim the rewards by providing the requested intelligence. On the contrary, anyone possessing precious intelligence concerning a wallet or the owner thereof can trade the respective information.
Announcing The World’s First On-Chain Intelligence Exchange
Buy and sell information on the owner of any blockchain wallet address—anonymously, via smart contract. pic.twitter.com/4xr7dLvOjp
— Arkham (@ArkhamIntel) July 10, 2023
In this way, they can sell it for their desired price. Additionally, another option for selling valuable information to other consumers is through an auction. This develops a liquid market dealing with information. With the respective endeavour, the on-chain sleuths can monetize the work done by them to earn rewards.
Moreover, the platform also pointed out that it has developed the Intel Exchange following witnessing a couple of trends. Firstly, the protocols, researchers, journalists, investors, and traders have been desperately demanding on-chain analysis. Apart from that, the increasing figure of brilliant on-chain sleuths taking part in the community has also pushed the platform to carry out this initiative.
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As per Arkham, its Intel Exchange ultimately enables sleuths to capitalize on their skills. It also caters to the mounting on-chain intel-related demand with a scalable approach. The company moved on to disclose that purchasers request intelligence by specifying bounties to be given to the party that fulfils the dead.
The information sold and purchased through the platform will be solely kept by the party acquiring it for up to ninety days. Following that, it will be provided to the entirety of the consumers. This lets the buyer take as much benefit from the intelligence as possible. Simultaneously, the platform also guarantees the on-chain knowledge’s decentralization in the long run.
Exploited Victims Can Also Seek Exploiter’s Information with Intel Exchange
According to Arkham, the intelligence seeker can post bounties for any of the on-chain operations. For instance, exploited victims may place a bounty on the information regarding the exploiter. Furthermore, a trading platform may demand intelligence on the wallet possessed by them before their competitors.