Bonanza Factory Selected for Government-Funded Project on Digital Asset Transaction Tracking Technology
By Ji-Hyun Hwang | Dailyan
Bonanza Factory, a digital asset compliance technology company, announced on the 8th that it has been selected to participate in the 2024 Core Security Technology R&D Program supported by the Ministry of Science and ICT and the Institute of Information & Communications Technology Planning & Evaluation (IITP).
The project, titled "Development of Digital Asset Transaction Tracking Technology to Prevent Malicious Financial Activities in the Digital Asset Market," will be conducted in collaboration with international partners, including the United States, reflecting a global approach to financial security innovation.
The lead research entity is a consortium led by Korea University’s Graduate School of Information Security. The project will focus on developing technologies that enhance law enforcement capabilities and legal compliance within Central Bank Digital Currency (CBDC) ecosystems. This includes CBDC audit and traceability systems, as well as solutions for tracking illicit flows within the broader digital asset space.
A spokesperson for Bonanza Factory stated that the company aims to secure core foundational technologies to lead the future of digital asset services through this strategic national R&D initiative.
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