ForeDex Signs MOU with Hansung University for On-Chain Data Technology

The on-chain data analysis platform ForeDex has signed a memorandum of understanding (MOU) with the Blockchain Research Institute of Hansung University to enhance on-chain data analysis technology. Through this agreement, the two institutions will collaborate on joint research and technological cooperation to improve the accuracy and reliability of on-chain data. Key areas of collaboration include joint research on on-chain address and transaction labeling systems and analysis methodologies, sharing and cross-validation of on-chain label data, and the development of technologies and infrastructure for on-chain data collection, refinement, and storage. They plan to jointly research labeling technologies that identify and classify the characteristics of transactions and wallet addresses occurring in the blockchain network. By mutually verifying the data held by both institutions, they aim to enhance the accuracy of analysis results and the quality of data. On-chain labeling is a technology that analyzes blockchain addresses and transaction histories to classify the characteristics of market participants such as exchanges and institutions, which is used to track the flow of funds in virtual assets and detect abnormal transactions. ForeDex is a platform that analyzes blockchain transactions and fund flows to provide market participants with the data and indicators necessary for investment decisions. Through this agreement, they plan to strengthen the data verification system and enhance their own on-chain analysis technology and infrastructure.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.