Elliptic, a London-based firm specializing in cryptocurrency risk management integrated ChatGPT, a large language model (LLM) into its research and intelligence operation. As an original creator of the blockchain analytics industry, Elliptic provides risk assessments to financial institutions and crypto users regarding transactions, wallets, and exchanges.
Using the new technology, Elliptics’s researchers and investigators will be able to synthesize and organize risk factors with more intelligence at a faster speed and in more significant numbers than ever before.
The Elliptic chief technology officer (CTO) Jackson Hull claimed the implementation of ChatGPT has the potential to detect risks that human researchers may fail to identify:
“Our customers come to us to know exactly their risk exposure. Integrating ChatGPT allows us to scale up our intelligence, giving our customers a view on risk they can’t get anywhere else.”
In addition, through its team of human researchers, Elliptic’s solution leverages a proprietary dataset with over a decade of data, which provides the industry with the most extensive coverage of over 97%.
