Abstracting data in distributed ledger systems for higher level
analytics and visualizations
- URL: http://arxiv.org/abs/2102.10133v1
- Date: Fri, 19 Feb 2021 19:34:12 GMT
- Title: Abstracting data in distributed ledger systems for higher level
analytics and visualizations
- Authors: Leny Vinceslas, Hirsh Pithadia, Safak Dogan, Srikumar Sundareshwar,
Ahmet M. Kondoz
- Abstract summary: This article proposes an abstraction layer architecture that enables the design of high-level analytics of distributed ledger systems.
Based on the analysis of existing initiatives and identification of the relevant user requirements, this work aims to establish key insights and specifications.
- Score: 1.5381930379183162
- License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
- Abstract: By design, distributed ledger technologies persist low-level data which makes
conducting complex business analysis of the recorded operations challenging.
Existing blockchain visualization and analytics tools such as block explorers
tend to rely on this low-level data and complex interfacing to provide enriched
level of analytics. The ability to derive richer analytics could be improved
through the availability of a higher level abstraction of the data. This
article proposes an abstraction layer architecture that enables the design of
high-level analytics of distributed ledger systems and the decentralized
applications that run on top. Based on the analysis of existing initiatives and
identification of the relevant user requirements, this work aims to establish
key insights and specifications to improve the auditability and intuitiveness
of distributed ledger systems by leveraging the development of future user
interfaces. To illustrate the benefits offered by the proposed abstraction
layer architecture, a regulated sector use case is explored.
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