SEC Adding Blockchain Forensics to Investigate ‘Smart Contracts’

Aug. 4, 2020, 5:00 PM

The nation’s top financial services watchdog is in the market for tools to help untangle the complex web of digital payments made using blockchain technologies and platforms like Ethereum.

The Securities and Exchange Commission plans to buy blockchain forensics software that can decipher transactions made using an emerging technology known as “smart contracts,” according to a request for information.

Like cryptocurrencies such as Bitcoin, smart contracts rely on distributed ledgers -- better known as blockchains -- to record digital deals between anonymous parties without the need for a central database. Smart contracts automate transactions between the parties once the ...

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