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Blockchain ETL: How to Google the Bitcoin Blockchain makes it searchable

the Internet stalwart Google is looking apparently in the direction of the Blockchain. With the software tool Blockchain ETL, it should be possible in the futu

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Blockchain ETL: How to Google the Bitcoin Blockchain makes it searchable
the Internet stalwart Google is looking apparently in the direction of the Blockchain. With the software tool Blockchain ETL, it should be possible in the future to browse the Bitcoin Blockchain.

By Phillip Horch
On 7. February 2019BTC$3.408,56 , and 0.26%part Facebook Twitter LinkedIn xing mail

from the looks of it, a Internet giant and legend, on the way to explore the Blockchain. With the Tool "Blockchain ETL" from the house of Google, it should be possible to explore the blockchains of cryptocurrencies such as Ethereum or Bitcoin is better. This should ultimately help to understand the Potential of the technology.

Google Analyst discovered suspicious Bots

As the business magazine Forbes reported, Google. a Tool in the Sleeve to help the Blockchain industry is in the tire So, Google-data analyst work All Day in a program to make Blockchain transactions more transparent. He could already seeing results. Thus, he had become the "Autonomous agents" – especially Bots – aware of each other individual units of crypto-currencies - and-forth. The obvious assumption, which can be found in the report: The agent to manipulate (for example, "in order" of crypto-exchanges), the prices of the individual crypto-currencies.

These findings, the Tool Blockchain ETL allowed for ultimately. To develop this, fed to the developer, however, Google's Analytics tool, BigQuery with data from the Bitcoin and Ethereum Blockchain. In collaboration with other researchers, he designed a Tool that automatically analyzes the data.

The expectations of the Blockchain ETL are high: If it is developed to its entirety, it shall not be possible any manipulation to track down. Rather, the developer team hopes to be able to explore how the Potential of the technology actually is. So it was mainly the traceability of transactions on the Blockchain, the enabling of the Tool. The field of the analysis better to expand, to be fed the Tool with other data. Accordingly, the data of Litecoin, ZCash, Dash, Bitcoin, Cash, Ethereum Classic and Dogecoin on the menu of the Tools are next.

Read also: Google prohibits security features to Bitcoin Wallet Samourai

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