Polycoin has launched a blockchain - based tool designed to help compliance proffessionals ensure compliance with anti - money loss ( AML ) and know your customer ( KYC ) requirements by tracking and verifying financial transactions with the blockchain . This follows the company 's shift from being Bitcoin - focussed to blockchain - focussed , a change which many former Bitcoin companies have undergone this year . Upon a transaction being deemed suspicious, the product sends compliance officers an alert to further investigate problems like AML breaches. The blockchain platform can help compliance staff get around issues of anonymity , as the system can identify the parties involved in transactions , without necessarily revealing their anonymity ; transactions are ranked by the system in terms of suspiciousness , and the system then alerts a compliance officer to any transactions that exceed an assigned suspicion level .
Polycoin has launched a blockchain - based tool designed to help compliance proffessionals ensure compliance with anti - money loss ( AML ) and know your customer ( KYC ) requirements by tracking and verifying financial transactions with the blockchain . This follows the company 's shift from being Bitcoin - focussed to blockchain - focussed , a change which many former Bitcoin companies have undergone this year . The blockchain platform can help compliance staff get around issues of anonymity , as the system can identify the parties involved in transactions , without necessarily revealing their anonymity ; transactions are ranked by the system in terms of suspiciousness , and the system then alerts a compliance officer to any transactions that exceed an assigned suspicion level .