As you may be aware, blockchains generate enormous amounts of data due to their transactional nature. At the time of writing, the size of some of the prominent blockchain networks is as follows:
|Total size of the blockchain (approx. in GB)
Some experts in the industry have speculated that the size of blockchains will soar 10 times more, due to an increase in the number of users and the adoption of public networks in the business-to-business (B2B) landscape.
The growing size of blockchain data enables new avenues of growth for data science. The application of AI and analytical practices on this giant heap of transactional data in the blockchain can create a large impact on most of the current blockchain products. Analytics derived from qualified data sources such as blockchain can also lead to new digital transformation projects. In order to facilitate this, we need a secondary source of...