CryptoPolice Aims To Fight Internet Fraud Using Blockchain Technology

Cybercrime is a fast-growing market that offers huge profits and minimal risks. According to the report published by the Center for Strategic and International Studies (CSIS), the annual damage inflicted by cybercrime to the economy is within the range of 375–575 billion USD, exceeding the GDP of many countries around the world. The  advent of new tech has enabled even more sophisticated ways to commit cybercrime. Jim Lewis, a senior vice president of CSIS, said in a statement, that Cybercrime is a tax on innovation and slows the pace of global innovation by reducing the rate of return to innovators and investors.

Internet fraud is constantly adapting, acting as a virus that attacks the community and stealthily infects everything around it. As a result, everybody loses: online users lose money, top-notch projects miss investment and the industry overall loses reputation.

The most important thing being destroyed is the trust that people extend to each other. That’s exactly why CryptoPolice platform was created. As Arturs Rasnacis, CEO at CryptoPolice states: “We are building a system, which is based on ideas, pioneered by Peer-to-Patent, and set to deliver on the main values promised by blockchains: transparency and immutability. Bringing together advanced tech and the wisdom of the crowd, CryptoPolice empowers the community to get hands on with the fight against scam.” While the platform is non-governmental, it is open for collaboration with enterprises that wish to societal issues through correct implementation of modern technology.

The importance of blockchain technology

The main tool of CrytoPolice is the blockchain technology. It ensures the highest rate of safety, scam prevention and corruption elimination in the field, and its dedication to further improvements pictures a bright future for all involved. Blockchain also ensures the validity of the information given and processed. The platform focuses on taking swift action against scam by developing and improving safe tools for their clients. Its focus on interaction with society is aimed specifically to decrease any potential damage. Its decentralised algorithm of multi-level verification allows for objective scam identification and quick decision-making. The algorithm itself is designed to verify the information by going through a complex verification process of three CryptoPolice approved Officers. Such process not only eliminates the potential for corruption within the verification itself, but also provides a high-level of fairness from the Officers of the assigned task. To make CryptoPolice more accessible, all users have access to the results of the finished work.


“The power of CryptoPolice lies in the community, that is given the opportunity to participate in the global fight against scams. The community is a decentralized force that will make objective and independent decisions.” Juan Otero, CryptoPolice adviser. One of the main goals of CryptoPolice is to ensure an active community by offering a chance to not only participate in the process of creating a safe environment, but also earn rewards based on performance of users. The rewards are designed to encourage the users not only to participate in the community, but also to submit information regarding activities of sensitive nature. The community itself is divided into two parts — one consists of users that provide information, while the other consists of users that verify provided information.

Importance of CryptoPolice

The emergence of CryptoPolice is evaluated not just by the necessity of solving topical issues related to frauds, but also to the blockchain technology that motivates implementation of different projects in the way it can be as useful to the society as possible. CryptoPolice implements its own independent internal economics, which creates conditions for efficient implementation of the CryptoPolice business model and for conducting business aimed at gaining profit.

Join CryptoPolice in the global fight against scam! The Whitelisting for upcoming CryptoPolice Token Sale is open. The whitelisted participants will receive the opportunity to register as future buyers and allow them to become the first owners of the OfficerCoin and join the Closed Pre-Sale at a special price! On May 15, 2018, CryptoPolice will start its Public Pre-Sale and from that day on, anyone will be able to buy the OfficerCoin. More info you can find here.

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Learn more about CryptoPolice

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This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.