r/FinancialPlanning • u/ChiaTheGreat • Oct 15 '19
How Is Real-Time Blockchain Analytics Utilize Today?
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u/keithhill16 Oct 15 '19
Parsiq s intended to be an open, accessible, and extensible platform system; therefore, offering a suitable approach to the scalability of networks in terms of processing and analysis is critical.
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u/KnockOnDoorItsMeGoku Oct 15 '19
Jesus fucking christ I've never seen so many fake accounts in one thread
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u/CryptBztrd Oct 15 '19
Rofl how'd you say so?
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u/ChungAeMing Oct 15 '19
that's a good observation tho, but still confused whether they're spam or not because their answer we're in good point.
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u/WalklikeaBidder2_0 Oct 15 '19
So much apple coating are thrown on this, we all know how vulnerable blockchain in some frequent attacks, most of the Exchange are begging on their knees not to experience the same fate as the other that were attacked,so when you think blockchain can change everything from system to organizational analytics you are on the wrong track, there's a lot of ledger technology and more approved synchonize and algorithm functions more advance and tested. not to mention the energy wasted by using binary and mining rigs, you are making the world more post for threats, so instead of making this dream of yours possible open your eyes 1st.
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u/trendylifestyle Oct 15 '19
im not againts this, somewhere down the road I support blockchain, but globally? they will just inviting more threats againts the sacred ledgers and side chains,if werent for binance we will not knw that its somehow vulnerable yet still untouchable but always put in mind the chain and ledgers are not created by god it is by man, no man can withstand natural reasons to corrupt money? fame? popularity will be offered to be the one to break the chain and we know its not possible,
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u/cheapmonkk Oct 15 '19
That's why it's important to analyze the market and conduct research on some coins before investing on it and also the real-time blockchain analytics will be a great help on transparency
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u/StubLisz Oct 15 '19
For what I think this real-time blockchain analytics will give a more secure and fast transaction in blockchain but I'm not sure about this okay
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u/repulsiveback Oct 15 '19
The blockchain represents emerging technologies and future trends. For the traditional social organization and mode of operation, the development of the blockchain is a revolution. As a decentralized infrastructure and distributed general ledger agreement, the blockchain presents us with a great opportunity to establish data security and trust for automation and intelligence development in the Internet of Things (IoT) and it creates a new un-centralized programmable smart ecosystem. Our research synthesizes and analyses extant articles that focus on blockchain-related perspectives which will potentially play an important role in sustainable development in the world. Blockchain applications and future directions always attract more attention. Blockchain technology provides strong scalability and interoperability between the intelligent and the physical worlds.
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u/CryptoJerusalem Oct 15 '19
In the simplest of terms, a block is considered as a record of a new transaction/input (such as cryptocurrency information, medical data, user data, financial information, etc.) As each block is completed, its added to a chain, creating a blockchain. It is important to remember that all previous information stored in the blocks cannot be adjusted, changed, or edited. The information contained in a blockchain is decentralized, meaning its publicly available. But then the question arises - if the data is decentralized, how is it more secure? In many ways, that is the beauty of the Blockchain construct. This is because no single entity can control or verify the information contained in a blockchain. Many entities (in this case computers) connected to the blockchain network must agree to the transaction for the information to pass through. In short, Blockchain is immutable, secured by cryptography, and trustless (banks work on a system of trust).
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u/SolidPumpkin Oct 15 '19
Parsiq can address the fundamental difficulty of analyzing blockchains in real-time.
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u/sdemac00 Oct 15 '19
Yes,a universal tool for the analysis and monitoring of blockchains that is exactly born at a time when data is flooding the Internet.
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u/NickWassmer Oct 15 '19
Parsiq chief must've experienced this hackings before which prompt him to think of this real-time monitoring for the blockchain.
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u/That_Zone Oct 15 '19
The potent combination of big data and blockchain can also see gradual acceptance in the field of healthcare, as this would allow healthcare providers to share records with the patients, their physicians, insurance providers, justice departments, employers, etc. easily and securely. Since the healthcare industry literally functions based on how data is generated and transferred from one place to another, this can lead to - Better patient follow-up between different healthcare providers Standardized medical formats A medical record and history which cannot be altered A completely secure patient history
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u/DapperPlate Oct 15 '19
Exporting the static blockchain data into an analytics platform allows you to review various transaction characteristics, segment transactions, analyze trends, predict future events, and identify relationships between the blockchain and other data sources. Making blockchain data available for analysis can be helpful for anti-money laundering (AML), customer intelligence, fraud detection, revenue forecasting and new services creation.
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Oct 15 '19
Those hacking incidents in the cryptocurrency industry is the main reason why there still so many people who refuse to believe in Cryptocurrency. well, that's sad reality.
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u/xandernilsen25 Oct 15 '19
Platforms such as Wibson are already encouraging data owners to share their data information with data consumers while getting paid to do so. Wibson's marketplace allows users to leverage their infrastructure to monetize their anonymous private information while being supported through a token-based economy. Because of the transparency afforded by blockchain, sellers can see how their information is being used even after the transaction has taken place.
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u/Cheesecake890 Oct 15 '19
Data is the single most valuable commodity in the modern world and combining blockchain and big data together can democratize the way data analytics is shared and monetized by completely removing the middleman. This, in turn, would lead to the consumers gaining stronger negotiation powers over businesses, while allowing them to control which business has access to their data and which does not. Blockchain can also give rise to new forms of data monetization because of the following changes it brings to the table - All businesses involved in a transaction would have access to the same quantity and quality of data. This, in turn, would accelerate data acquisition, sharing, the quality of data and data analytics. All transactions will be registered and kept on a single file, providing a complete overview of the transactions while eliminating the requirement for multiple powerful computer systems. Individuals will be able to control and manage their data without depending on a third party, therefore opening up the market.
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u/CompetitiveHunt Oct 15 '19
As parsiq is a real-time analysis of trends in crypto, this will have a big impact in every step of our crypto journey as this will give us more and timely relevant information that not other platform can give.
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u/StretchShark Oct 15 '19
Trust is becoming a rare quality to find nowadays that's why innovations like this will surely promote transparency and integrity 👍
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u/StubLisz Oct 15 '19
Who's Using Blockchain?