Cash flows in the still most relevant cryptocurrency Bitcoin can currently still be traced relatively well. However, the need for new forensic methods can already be anticipated due to the advancing technical development: virtual assets, so-called cryptoassets, and financial products are increasingly being implemented as tokens or smart contracts, and established blockchain forensics are also becoming more common due to the increasing spread of off-chain payment channels. Therefore, existing blockchain-forensics will soon reach their technical limits.
The goal of the KRYPTOMONITOR project is therefore to develop generic cryptoasset analysis methods that support the analysis of smart contracts and off-chain transactions in addition to native cryptocurrency transactions. The resulting tools should enable more effective law enforcement through new forensic analysis procedures and provide a fact-based decision-making basis for assessing possible risks and enforcing regulatory measures. Orthogonally, legal and regulatory questions relating to tokens are to be answered, standards for effective data exchange are specified, and qualification standards are to be set through training measures.
The expected project results are: (i) a (data protection) legal assessment of the developed methods and regulatory recommendations with regard to tokens and payment channels, (ii) new forensic methods for the analysis of generic cryptoassets which are not used as program libraries and in existing tools (e.g.: BlockSci, GraphSense) were integrated, (iii) a systematic analysis and risk assessment of tokens, (iv) formats for a harmonized data exchange between involved stakeholders, and (v) a coordinated cryptocurrency forensic curriculum as a qualification measure for investigators.
Innovation arises from the legal consideration of new forms of wealth; through new algorithmic procedures for the analysis of smart contracts and off-chain payment channels; through quantitative analyzes of cybercrime with cryptoasset reference; through new risk assessment methods; through new data exchange standards; and through a hitherto not yet available Cryptoasset forensic curriculum that can be integrated with existing law enforcement and regulatory training programs.
Experts and decision-makers in public authorities as well as compliance employees in FinTechs with a cryptoasset connection (e.g.: Exchanges) represent the target user group of the KRYPTOMONITOR project. During the project period, they will benefit from increased knowledge and the developed methods and tools both in the form of freely accessible software components to be able to use. At the end of the project, the results can also be used commercially and offered in the form of products, maintenance contracts or services.
ProjektleiterIn / Name und Institut/Unternehmen
Dr. Bernhard Haslhofer
Austrian Institute of Technology GmbH
Center for Digital Safety and Security
Auflistung der weiteren Projekt- bzw. KooperationspartnerInnen
Universität Innsbruck – Security and Privacy Lab
Prof. Dr. Rainer Böhme
Research Institute GmbH
Dr. Christof Tschohl
T3K Forensics GmbH
BMI - Abt. II/BK/7 (Wirtschaftskriminalität)
BMF - Abt. I/9 (Betrugsbeka?mpfung Steuer und Zoll)