A blockchain data platform has been selected the winner of the Commodity Futures Trading Commission’s first science competition, offering yet another compelling sign that distributed ledger technology has burst onto the mainstream.
Nakamoto Terminal, a digital-asset analytics platform built by open-source intelligence company Inca Digital, has won the CFTC’s “Project Streetlamp” competition. Nakamoto Terminal was also named “Innovator of the Year” by the CFTC for its successful submission.
The Project Streetlamp competition challenged innovators to come up with an artificial intelligence solution that could help the CFTC “automate the process of identifying and adding unregistered foreign entities” to its Registration Deficient List. The RED List was created in 2015 to help consumers make informed decisions about whether to invest through such entities.
Since 2015, hundreds of companies have been placed on the RED List.
In an official statement, LabCFTC director and chief innovation officer Melissa Netram said:
“The CFTC is pleased to recognize NTerminal as our first Innovator