Google Launches Tools for Ethereum (ETH) Blockchain And Smart Contract Analytics

Search giant Google has launched an Ethereum dataset in BigQuery for smart contract analytics.

0

Alphabet Inc.’s Google has expanded its big data analytics with the addition of tools to explore the Ethereum blockchain.

Google BigQuery, Google Cloud’s Petabyte-scale data warehousing solution has now made the Ethereum dataset available. This will enable users to smart contracts analytics. This announcement was made by Google in a blog post.

BigQuery enables Ethereum data exploration

With the help of BigQuery, users will now be able to explore the historical data of Ethereum.

Google revealed that it is making the Ethereum blockchain data accessible on Google Cloud as it aims to make data store on the blockchain easily accessible to the public.

Google in its blog post stated that:

Ethereum and other cryptocurrencies have captured the imagination of technologists, financiers, and economists. Digital currencies are only one application of the underlying blockchain technology. Earlier this year, we made the Bitcoin dataset publicly available for analysis in Google BigQuery. Today we’re making the Ethereum dataset available.

Even though Ethereum’s software contains APIs for functions that can be accessed randomly, including checking wallet balances, the API endpoints cannot be accessed easily for all data stored on the blockchain.

Chrome users are now capable of accessing and reading all of the data stored on Ethereum’s blockchain.

Google further stated that this kind of visualization is useful for making business decisions, such as prioritizing improvements to the Ethereum architecture itself to balance sheet adjustments.

Google Launches Tools for Ethereum (ETH) Blockchain And Smart Contract AnalyticsGoogle explains use cases

Google has also installed a software system on its Google Cloud which can synchronize the Ethereum blockchain to computers equipped with Parity. The software will also be able to extract data daily from the Ethereum blockchain ledger.

Google went further to explain how the extracted data could be used. The smart contract for the CryptoKitties game is the most popular ERC-21 smart contract by transaction count.

Where the contract source code logs a birth event to the Ethereum blockchain, the table allows users to query instances of this event.

If a person is interested in finding games similar to CryptoKitties, it can be done by making use of the Jaccard similarity coefficient. The statistics are used for comparing the differences and similarities of samples with the help of a JavaScript UDF.

Google also gave another example as it looked at the top ten most popular ERC20 contracts. Data from the fifth one, OmiseGo shows that its airdrops have a high number of OMG receivers but no increase in senders.

Google Launches Tools for Ethereum (ETH) Blockchain And Smart Contract AnalyticsFinally, Google tested the ability of its plugin to compare smart contracts with each other graphically. This function would make it possible for users to analyze multiple aspects visually rather than searching through Ethereum’s ledger data.

Most of the smart contract source code is available to users for free. Google users can now be able to know what functions contracts perform based on the name. Functions without source can also be known since the common function names carry a common signature.

Leave A Reply

Your email address will not be published.