A general framework for blockchain analytics

Citation

Bartoletti M, Bracciali A, Lande S & Pompianu L (2017) A general framework for blockchain analytics. In: SERIAL '17 Proceedings of the 1st Workshop on Scalable and Resilient Infrastructures for Distributed Ledgers. SERIAL '17 - 1st Workshop on Scalable and Resilient Infrastructures for Distributed Ledgers, Las Vegas, NV, USA, 11.12.2017-15.12.2017. New York: ACM, p. Article 7. https://doi.org/10.1145/3152824.3152831

Abstract
Modern cryptocurrencies exploit decentralised blockchains to record a public and unalterable history of transactions. Besides transactions, further information is stored for different, and often undisclosed, purposes, making the blockchains a rich and increasingly growing source of valuable information, in part of difficult interpretation. Many data analytics have been developed, mostly based on specifically designed and ad-hoc engineered approaches.We propose a general-purpose framework, seamlessly supporting data analytics on both Bitcoin and Ethereum — currently the two most prominent cryptocurrencies. Such a framework allows us to integrate relevant blockchain data with data from other sources, and to organise them in a database, either SQL or NoSQL. Our framework is released as an open-source Scala library. We illustrate the distinguishing features of our approach on a set of significant use cases, which allow us to empirically compare ours to other competing proposals, and evaluate the impact of the database choice on scalability.