Chapter 19
Ten Uses for Blockchain Analytics
IN THIS CHAPTER
Examining financial transactions and product movement
Bringing the Internet of Things together
Making real-time predictions
Sharing data
Managing document integrity
A common question from management when first considering data analytics and again in the specific context of blockchain is “Why do we need this?” Your organization will have to answer that question in general, and you’ll need to explain why building and executing analytics models on your blockchain data will benefit your organization. Without an expected ROI (return on investment), management probably won't authorize and fund any analytics efforts.
The good news is that you aren’t the pioneer in blockchain analytics. Other organizations of all sizes have seen the value of formal analysis of blockchain data. Examining what other organizations have done can be encouraging and insightful. You’ll probably find some fresh ideas as you familiarize yourself with what ...
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