Google Adds Ethereum (ETH) Blockchain Dataset on Cloud Platform

Published on 04 September 2018 by Cryptovest Staff

Ethereum is the second blockchain after the Bitcoin (BTC) network whose data has become publicly available on the BigQuery platform of Google Cloud.

US tech giant Google has put the Ethereum blockchain dataset on its cloud platform, which will help companies, scientists, and crypto enthusiasts with interest in the Ethereum ecosystem to easily analyze the large network information.

The Ethereum data is available on BigQuery, the Google Cloud solution for Big Data analysis. The platform uses an online analytical process (OLAP) that enables ad-hoc and general analysis without the need for additional API implementations.

“While the Ethereum blockchain peer-to-peer software has an API for a subset of commonly used random-access functions (for example: checking transaction status, looking up wallet-transaction associations, and checking wallet balances, for example), API endpoints don’t exist for easy access to all of the data stored on-chain. Perhaps more importantly, API endpoints also don’t exist for viewing the blockchain data in aggregate,” Google explained in a blog post.

The company has built a software system that allows synchronization of the Ethereum blockchain with computers that have Google Cloud’s Parity installed. The tech giant also makes daily graphics and analyses of the blockchain data, including token transfers during smart contract transactions on the Ethereum network.

“A visualization like this (and the underpinning database query) is useful for making business decisions, such as prioritizing improvements to the Ethereum architecture itself (is the system running close to capacity and due for an upgrade?) to balance sheet adjustments (how quickly can a wallet be rebalanced?),” Google said.

Earlier this year, Google added the Bitcoin (BTC) dataset to the BigQuery platform.

The company has a different approach towards virtual coins and their underlying technology, blockchain. In June, co-founder Sergey Brin said Google had missed out on the early adoption of blockchain and “failed to be on the bleeding edge” of this technology. Several days later, the company banned digital coin mining applications on Play Store.