Logically Launches Monitoring Platform To Indentify Disinformation

In order to tackle mis-and disinformation using combination of Artificial Intelligence and human expertise, Logically—a tech company has launched its monitoring platform which enables investors, institutional traders, regulators and exchange platforms involved in the cryptocurrency market, to identify inauthentic and fraudulent online activity, false narratives, and platform manipulation.

The cryptocurrency market is particularly susceptible to fraud, scams and inauthentic activity that can negatively impact investors, traders and members of the public. With cryptocurrency scammers having stolen over USD 1 billion from 46,000 people since 2021 according to the US Federal Trade Commission, those involved in the market need a solution that will help them navigate the world of cryptocurrency and get ahead of the challenges it presents.

LI: Crypto is the latest product offering from Logically which last year launched its flagship threat intelligence platform, Logically Intelligence (LI). LI brings together Logically’s capabilities in at-scale analysis, classification and detection to help organisations monitor the online media landscape for the spread of damaging activity and narratives.

The platform has been designed to identify narratives on all social platforms. It ingests millions of data sources across open and closed networks, including public channels on Telegram and Discord, to track developing narratives around cryptocurrencies.

It analyzes data from millions of sources and applies advanced natural language processing to provide a clearer understanding of true, unmanipulated, market sentiment. It also monitors all chatter from identified bots on social media to reveal coordinated activity which aims to manipulate coin prices.

Kyle Walker, Head of the US Open Source Intelligence (OSTIN) team at Logically said, “The relative anonymity offered by social media has resulted in platforms becoming the preferred environment for scammers to create false hype about cryptocurrencies, thereby distorting value and misleading investors. This activity can often drive some of the most harmful online narratives in the cryptocurrency space.”

Meanwhile, Joel Mercer, Global Head of Product, Logically said, “LI: Crypto is a valuable new offering that leverages the power of our flagship Intelligence platform to bring valuable insights into topics of public interest. The rise of crypto has impacted a multitude of industries. With LI: Crypto, we hope to help customers navigate the digital world of crypto and get ahead of its challenges.”

He further added, “By harnessing the full power of Logically Intelligence, from discovering networks of inauthentic promotion and influence, to threat signals detection, we believe that LI: Crypto will be a firm shield ensuring our customers keep ahead of the curve.”

LI: Crypto is the first in a series of themed monitoring spaces from Logically which will allow interested customers to track harmful online activity across an array of subject areas.

About Logically

Founded in 2017 by MIT and Cambridge alum Lyric Jain, Logically combines advanced AI with human intelligence and expertise to tackle harmful and problematic online content at scale. The company’s mission is to enhance civic discourse, protect democratic debate and process, and provide access to trustworthy information. In 2021, Logically was named one of the world’s most innovative artificial intelligence companies by Fast Company and won the Rising Star in Tech CogX Award. The company has offices in the UK, US and India.