Blockchain analytics: insight into blockchains

Blockchain analytics involves the analysis and interpretation of data stored on a blockchain. It uses specialised software and techniques to extract information from the blockchain and so gain insights into user behaviour, transactions and other aspects of a blockchain’s ecosystem. Undeniably, data is precious in our digital society, often likened to the importance of oil. Large companies such as Google, Meta, Amazon, Tencent, etc, collect and effectively use vast data as a core aspect of their business models. And certainly the employment of blockchain technology is on the increase, promising a future where information and data becomes more open and accessible; a future which would break down the barriers created by conglomerates and minimise the information gap between individuals and institutions. Utilising the transparency and availability of blockchain data is a challenge for many users, but analytics platforms enable more accessible access to blockchain data insights for a wider…