The article cites that a surge in low-level use cases: prostitution, drug sales, child pornography trades have all surged which was the inspiration for CipherTrace's Scout app. Apparently the app will flag bad addresses and ignore everyday users allowing users to know whether their token has a criminal past.
what are your thoughts on a mobile app that does this? Necessary?
Actually, this is just human need. Entrepreneurs want to bring apps and news to meet people's needs and they get a refund, that's fair.
Although I never use depraved apps, I think that society always has such components. we cannot separate or satirize them, because their ultimate goal is money, like us.