This Startup Wants To Deanonymize Blockchain. Privacy Advocates Are Furious.

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Arkham Intelligence has created a marketplace that allows people to buy and sell blockchain data. That’s bad news for the anonymity-loving world of cryptocurrencies. The company believes that eventually, everyone's blockchain identity will be linked to their real-world identity, ending the pseudonyms behind which many users now hide, in much the same way as social-media profiles have evolved.

, proclaimed on its website, is inevitable. “Eventually, everyone's blockchain identity will be linked to their real-world identity,” the company insists, ending the pseudonyms behind which many users now hide, in much the same way as social-media profiles have evolved.

“The crypto space needs transparency and accountability. There needs to be a mechanism by which people are incentivized to share information helpful to the community. Otherwise things will continue to be in the dark.” “In effect, their hope is to do in the open what Chainalysis and others do in private. This is more dangerous insofar as Arkham Intelligence incentivizes snitching,” says Harry Halpin, CEO and co-founder of. He also called the project “utterly disgraceful” on Twitter and said it “should be publicly disowned by the entire crypto community.”

 

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