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1inch partners with Blockaid to finalize the Shield API

1inch Network-photo

by 1inch Network

• 2 min read

Stepping up efforts to make the Web3 space secure and compliant, 1inch is teaming up with leading providers of security solutions to introduce the 1inch Shield API.

1inch has consistently focused on providing the most advanced security solutions to users across the entire space. Today, we are thrilled to share that our latest efforts have culminated in the launch of the 1inch Shield API.

The finishing touches to this comprehensive solution offering enhanced protection against a wide range of potential threats were completed in partnership with Blockaid, a major provider of Web3 security tools.

Scam tokens masquerading as legitimate assets have long been creating problems for Web3 users. Now, due to collaboration with Blockaid, all tokens of this kind will be instantly detected and marked, so that the user can avoid transacting with these tokens.

Blockaid acts like an anti-virus for Web3, leveraging superior data and machine learning to identify and protect against malicious attackers. The provider with the best data can produce the best product, ensuring multiple layers of security for users. Whenever a user connects their wallet to sign a transaction, Blockaid provides clear information about what will actually happen when the transaction is executed.

Blockaid can also simulate any transaction involving a wallet, dApp, or smart contract across multiple blockchains. What transforms simulation into security is validation. In simple terms, validation involves determining whether a given transaction is malicious or benign, allowing you to transact with confidence. Now, this transaction simulation capacity is used to protect 1inch users.

Meanwhile, blockchain users also encounter AML compliance risks. The 1inch Shield API mitigates these risks by running 24/7 screening of blockchain addresses for ties to sanctions, terrorist financing, hacked or stolen funds, ransomware, human trafficking and more. Based on the outcome of screening, suspicious addresses are immediately blocked.

The screening component is powered by TRM Labs, which uses on-chain and off-chain data to detect possible security risks.

Finally, a blocklisting functionality provided by Etherscan Pro is also included in the 1inch Shield API to immediately blocklist suspicious blockchain addresses.

You can learn more about how 1inch uses the most advanced security tech to protect users here.

The Shield API will be gradually integrated into 1inch products - more info on that is coming soon!

The Shield API is available on the 1inch Developer Portal alongside a suite of other cutting-edge tools intended for Web3 developers.

Integrate the 1inch Shield API to offer your users a safe journey across the Web3 space!

1inch Network-photo

1inch Network

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