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Russia’s VKontakte co-founder invests in Bitcoin analytics start-up

August 19, 2014, 17:43 UTC+3 MOSCOW
Competing with Blockchain.info and Blockr, the platform hopes to surface information about crypto currency transactions by creating dedicated tools for the analysis of network and economic data
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© AP Photo/Mark Lennihan

MOSCOW, August 19. /ITAR-TASS/. BlockCorp, set up by Russian social network VKontakte’s co-founder Lev Leviyev and entrepreneur Boaz Bechar, has invested 500,000 euros in BlockTrail, a new platform for Bitcoin analytics, Techcrunch said Tuesday.

Competing with Blockchain.info and Blockr, the platform hopes to surface information about crypto currency transactions by creating dedicated tools for the analysis of network and economic data.

The startup is aiming at institutional and governmental customers to pay for the data, but also developers who can use its soon-to-launch application programming interface (API). The team includes developers from Bitcoin data company Vircu, which BlockCorp acquired.

In theory, the idea is to look at the moment of Bitcoin, such as assessing whether some Bitcoin addresses have been involved in mining or perhaps gambling. This is information which is largely inaccessible to those who do not run their own Bitcoin servers or similar operations.

Initially the free-to-use platform will only use publicly accessible information.

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