Flare Blockchain, often known as the blockchain for data, has recently announced a partnership with Arkham, a provider of blockchain analytics and intelligence solutions. This collaboration is effective as of September 29th and brings Flare’s robust network data analysis capabilities to Arkham’s Intelligence Platform, granting users access to a powerful suite of tools.
Flare stands out as a unique blockchain platform designed to optimize decentralized data acquisition. With decentralized oracles seamlessly integrated into its structure, Flare enables developers with trustless access to a wide range of data at low cost and on a scalable basis. This has been crucial in advancing the utility of blockchain technology and creating improved use cases.
Arkham, on the other hand, is renowned for its ULTRA artificial intelligence (AI) engine which algorithmically matches blockchain addresses with real-world entities. This enhances transparency within the crypto industry by providing data and analytics on the individuals and organizations behind blockchain activity, connecting cryptocurrency transactions to real-world institutions.
The integration of Flare with Arkham’s platform is a powerful combination that is beneficial to both Flare users and the broader blockchain community. Flare users can now use Arkham’s advanced analytics to make informed, data-driven decisions. They can also submit queries to the Arkham Oracle to receive actionable on-chain insights, benefiting from a competitive edge in the blockchain space. Moreover, users can participate in Flare-related activities facilitated through the Arkham Intel Exchange, such as bounties and auctions, opening up exciting opportunities to engage with the Flare network and its ecosystem.
Miguel Morel, the founder and CEO of Arkham, expressed his enthusiasm for the partnership and their commitment to further supporting additional blockchains. He noted that this was driven by their understanding of the industry’s need for radical transparency and data-driven decision-making.
