HAPI Protocol

HAPI Protocol is beginning to offer its comprehensive services to Centralized Exchanges. We are excited to announce one of the first integrations of HAPI Protocol into Singapore based Centralized Exchange called Coinstore.How HAPI WorksHAPI Protocol provides a unique set of features that assist both in the primary and complementary manner in the prevention of Money Laundering and other malicious incidents. This is achieved via a tight and extensive framework of both on-chain as well as off-chain data on malicious activity. HAPI aggregates multiple data points on malicious from several sources (including official off-chain data providers such as Chainalysis and Crystal Blockchain and public databases), and based on pre-setup algorithms displays risk score, risk category, and affiliation of a given address to any sanctioned or Terrorist organizations.On top of that HAPI possesses the largest on-chain database on the market with exclusively high-confidence data on scam addresses, updated in real time and extracted from HAPI Labs and data providers. On-chain data of HAPI Protocol allows anyone to seamlessly connect to HAPI and provide the foundational security to their own product or solution regardless of whether the domain they operate on is on- or off-chain.Specifics of CEX IntegationsCentralized Exchange integrations do differ from their DeFi counterparts in a number of ways. The most obvious one is the element of connectivity. HAPI Protocol and HAPI Labs respectively offer API-calls that on request check any in and outcoming address on their malicious and threat factor (providing Risk Score and category for ANY address by instituting historical data as well as datasets provided from data providers mentioned above). This area of expertise pertains mostly to HAPI Labs.HAPI Protocol on the other hand also offers API connectivity besides DeFi-standard Smart Contract calls/integrations. Unlike HAPI Labs, HAPI Protocol doesn’t need to communicate with data providers on request; instead, it already contains an on-chain database with high-confidence malicious addresses with the High-Risk Score (9 or 10 indicating almost certain, fraudulent past activity).Thanks to API, both the HAPI Labs database/on-request check and HAPI Protocol on-chain database can be used simultaneously providing more data on the malicious activity of addresses outside of the preexisting database as well as offering high-confidence data on fraudulent addresses.What Goes into CEX IntegrationIn short, what goes into CEX integration with Coinstore:<ul><li>HAPI Protocol use via API connectivity e.g. extracting on-chain database on malicious addresses</li><li>Use of HAPI Labs off-chain database and on-request check. AML compliance and categorization on-demand</li><li>Proprietary tools used by HAPI Labs such as HAPI Terminal will also be utilized by Coinstore AML Compliance Office</li><li>Data Analytics and Reports</li><li>HAPI is a Protocol and offers its range of services based on the demand and request. Such features as risk thresholds, denying certain categories from interacting with the exchange, and other specifics of operation are customized and configured by the customer. HAPI is not a decision maker but a provider and aggregator of data, in this case, data on malicious activity</li></ul>Only a StartWe are excited to bring even more adoption to HAPI and thrilled to share even more news on the developments in this vertice. HAPI provides a unique opportunity for ANY crypto-related projects to implement robust security and compliance measures free of charge and in a seamless manner.Stay tuned!*This article is written to serve one purpose only — education and in no way encourages or coerces anyone to trade or speculate on the exchange specified in the article. HAPI Protocol also is not a silver bullet against any malicious activity; instead HAPI is a Protocol that provides data on the malicious incidents and assists in promptly acting on potential cases of fraudulent activity

HAPI Protocol — CEX Integration

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