SEC is looking for a contractor to collect data from Bitcoin blockchains and Ethereum

The US Securities and Exchange Commission (SEC) intends to analyze the data of public blockchains. To this end, the agency is looking for a contractor who will act as the operator of the corresponding full nodes.

So, first of all, SEC is interested in Bitcoin and Ethereum networks, however, it is ready to receive data on Bitcoin Cash, Stellar, Ripple, EOS, NEO and ZCash. In the future, the agency is considering the possibility of analyzing other blockchains as they develop and grow.

Sec Data by BlockchainJournal on Scribd

The SEC intends to collect information, starting with the genesis block, as well as any data on the native currencies of the studied networks.

Minimum data requirements: asset ticker, recipient and sender addresses, transaction and block hashes, timestamps and amounts, UTXO, commissions, confirmations, and the number of units. The Commission will also not abandon other metadata and analytics, which will allow to evaluate the hashing algorithm, hashrate, mining complexity, production reward, transaction weight, emission and weight of the blockchain itself.

Note that the contractor must provide information in such a way that the SEC can easily verify its authenticity. These data must also meet auditing standards for financial statements.

Initially, the contract will be concluded for a year with the possibility of extension for another four. Deadline for submission of applications – July 11th.

Recall, the Financial Action Task Force on Money Laundering (FATF) decided to oblige the Bitcoin exchange to exchange user data when they conduct transactions between sites. For the execution of the leadership of the group members have exactly one year.

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