Binance, a global distributed ledger blockchain cryptocurrency exchange, is partnering with Oasis Labs, a data privacy software company, to launch the CryptoSafe Alliance to help combat cryptocurrency fraud.
The CryptoSafe Program is a decentralized system powered by the Oasis Network and the Oasis Labs privacy software development kit, Parcel. Alliance members will access real-time intelligence and reports on hacks, scams and other malicious incidents privately and without having to share sensitive industry or user data with competitors.
“The formation of the CryptoSafe Alliance is a representation of Binance’s commitment to building a more resilient crypto industry for everyone in the ecosystem,” said Binance Chief Executive Changpeng Zhao. “Together, we can make a concerted effort to safeguard the global cryptocurrency community through collaboration and open data sharing.”
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