Clear Gets $13M Series A To Build High-volume Transaction System On The Blockchain

Clear Gets $13M Series A To Build High-volume Transaction System On The Blockchain

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By putting these high-volume, cross-border transactions onto the blockchain with these smart contracts to act as automated enforcer of the terms, it means that instead of waiting until the end of the month to find errors and begin a resolution process, this can be done in real time, reducing time to payment and speeding up conflict resolution.

The primary way for a blockchain to increase its transaction revenue is to increase its block utility; to increase the value of what can be done within each block. This can be done by building valuable applications on top of the network, increasing the surface area for what\u2019s possible on the network and the utility that users can derive.

Data collected by the FATF from several blockchain analysis companies, including CipherTrace, indicates the share of illicit transactions appears higher for peer-to-peer transactions than in transactions with VASPs. There were substantial differences in the data provided by the different blockchain analytic companies resulting in the FATF being unable to assess with certainty the size of the peer-to-peer sector and its associated ML/TF risk. The report therefore does not find clear evidence of a shift towards peer-to-peer transactions. 2b1af7f3a8