✨Average 2-3x increase on Development efficiency;
✨US$10-15K dev/server cost saved per month;
✨5x increased customer retention rate.
Enhancing Security and Efficiency in Web3 with Chainbase
Most of the Security Providers in crypto need to analyze enormous transactions and addresses from different blockchains in order to facilitate efficient and reliable services to the customers.In the realm of crypto security and blockchain data management, Chainbase has emerged as a pivotal player, revolutionizing how service providers handle on-chain data. Two prominent case studies highlight the transformative impact of Chainbase across different sectors of the blockchain industry.
Case Study 1: SlowMist and MistTrack
Overview:
SlowMist's MistTrack is an AML monitoring system designed to combat money laundering in the crypto space. Initially facing challenges with inefficient data indexing and high operational costs across multiple blockchain networks (ETH, BSC, Polygon, etc.), MistTrack sought a scalable solution to streamline their operations.
Challenges:
MistTrack struggled with real-time tracking, correlation analysis, and cross-chain data sorting, using multiple node clusters and products like BigQuery, which proved costly and inefficient.
Solution:
Chainbase provided MistTrack with its Web3 data API product, enabling real-time transaction analysis and efficient tracking of wallet activities across different chains. This solution not only resolved their data indexing challenges but also expanded their operational capabilities and reduced costs significantly.
Benefits:
- Increased customer retention rate by 5-8x
- Shortened development time by 2-3x
- Saved approximately US $15K per month on development and server costs
Future Outlook:
SlowMist plans to integrate Chainbase across their product lines, leveraging its on-chain data indexing capabilities to drive further insights and operational efficiencies.
Case Study 2: GoPlus
Overview:
GoPlus functions as a security infrastructure provider for Web3, offering open and user-driven security services to create a safer ecosystem. They faced challenges in delivering high-volume security analysis API data efficiently and reliably across multiple blockchain networks.
Challenges:
GoPlus encountered issues with unreliable public nodes, slow response times, and complex technical integrations, which hindered their service delivery and scalability.
Solution:
Chainbase provided GoPlus with an integrated, all-in-one API platform that streamlined access to multi-chain nodes and enhanced real-time transaction feedback capabilities. This solution simplified their technical infrastructure and improved overall operational efficiency.
Benefits:
- Achieved 2-3x faster deployment of multi-chain services
- Saved over US $10K per month on development and server costs
Future Outlook:
GoPlus plans to continue leveraging Chainbase for their on-chain data interaction modules, allowing their team to focus more on product innovation and operational enhancements.
Feedback:
The co-founder of GoPlus highlighted the impact of Chainbase’s Data Cloud API in improving their operational efficiency and reducing development overhead, enabling them to concentrate on core business activities.
Summary:
Both SlowMist and GoPlus management team have highlighted and strongly advocated Chainbase’s On-chain Data Service in improving their operational efficiency and reducing development costs, thereby enabling the teams to concentrate on core business and to gain a competitive advantage.
Chainbase has redefined how companies in the crypto and blockchain security sectors manage and utilize on-chain data. By addressing critical challenges such as scalability, cost-efficiency, and real-time data processing, Chainbase continues to be a catalyst for growth and innovation in the Web3 ecosystem.
About Chainbase
Chainbase is the world’s largest omnichain data network designed to integrate all blockchain data into a unified ecosystem. We provide permissionless and transparent data interoperability for the AI era. Chainbase aims to create a decentralized data economy with advanced AI capabilities where anyone can participate, contribute, and be incentivized.
Currently, Chainbase attracts over 15,000 developers and 8,000 project partners, managing over 500 billion data calls within the network.
🔗Useful Links:
Website: https://chainbase.com/
Discord: https://discord.gg/chainbase
Documents: https://docs.chainbase.com/
Twitter: https://twitter.com/ChainbaseHQ
