Alethio: Lighting Up the Blockchain with Real Time Data
Alethio’s analytics platform helps users visualize, interpret, and react to blockchain data in real time.
Though Ethereum has become a household name, what’s actually happening on the network remains a mystery for many. Current blockchain explorers provide little clarity into the evolving ecosystem. They are often geared towards developers and leave average users in the dark. At the same time, seasoned and committed users, from individuals to enterprises, still don’t have the resources they need to really make sense of the blockchain — whether that’s accessing real time block data, analyzing the application layer, detecting anomalies, or monitoring the statistical signals that translate to larger KPIs.
At Alethio, we take issue with this. For Ethereum to realize its true potential, users’ interactions with the blockchain should be fully transparent and understandable. As Ethereum grows in size and complexity, we believe the tools that inform user’s decisions, large or small, should evolve as well.
Making Decisions on Ethereum
Think about the last decision you made. What factors did you consider? Your surroundings? Past experiences? Something you learned in school? Logic? Emotion?
Except for impulsive decisions, you most likely acted on some powerful combination of environmental, historical, and real time data. For the more consequential decisions in our lives (where to go to college, who to date, who to do business with), it’s wise to take into account as many meaningful inputs as possible. These inputs multiply as we grow older — we can marry information from our immediate surroundings with lessons we learned 15 years ago. Whether or not we attend to all these lifelong vectors and data points, we take comfort in the fact that they’re there.
Working with the blockchain should feel the same way. Just as we’re able to draw on an increasingly rich store of lessons and experiences, decision-making on the blockchain should improve as the network develops. Since its inception, the Ethereum blockchain has expanded in size (over 100,000 new users join the network daily), complexity (more than 700 tokens were launched in 2017 and more than 960 decentralized application are either live or in development), and memory (over 1 million transactions are processed per day).
Decisions we make on the network, especially as more meaningful applications launch, ought to incorporate the totality of the network’s experience to date — the whole picture, past and present. As the chain grows, however, one must ask: how accessible is this network information? And how effectively can we digest it? Can we quickly translate it into actionable insights? And how seamlessly can we look back in time and draw conclusions from past activity? Right now, the answer to these questions is “no,” or “not very.” Alethio is out to change all that.
Alethio and ETHStats: Lighting Up the Blockchain
On the blockchain, every interaction since the beginning of the network’s existence — every interaction between accounts, every balance of every account, every use of a smart contract — is recorded and immutable. These recorded interactions are artifacts of history that will likely outlive the very users to whom they originally belonged. However, while the blockchain itself endures as a collective memory, we, the users, live in a state of amnesia. The information from the past isn’t lost — we just can’t access it. Most importantly, we can’t act on it.
Alethio is creating a suite of analytics products designed to pull blockchain data out from the dark. We’re building a customizable platform that drives transparency forward and empowers users by making Ethereum, past and present, accessible and digestible for everyone. The Alethio EthStats platform is interactive and provides the most advanced analytics experience you can find on any blockchain, Ethereum or otherwise.
Fueled by data science, semantic modeling, and machine learning, our technology focuses on applications and smart contracts, not just blocks and transactions. Our products sit on top of a living index of the entire Ethereum blockchain and emphasize user experience, custom insights, and meaningful data visualizations. With our platform, users can clearly see the data points and patterns that matter to them most, and in real time. We believe our platform will help users unlock value not just from their own interactions with the blockchain, but from the entire ecosystem’s performance history. We built the EthStats platform at Alethio to unlock Ethereum for all.
We’re very excited for the journey ahead and we look forward to updating you on our progress. For past examples of analysis powered by our technology, check out our coverage of the Gnosis token launch. For a closer look at a key component of our underlying analytics technology, here’s a helpful overview of EthOn, a multi-purpose Ethereum ontology, from our data scientist and co-founder, Johannes Pfeffer. We’ll be releasing regular case studies as part of our Alethio Analytics series. Keep an eye out for our first piece in the coming week.
To learn more about our solutions, visit aleth.io, and check out ethstats.net for our first foray into Ethereum analytics. Transparency to the blockchain!
Disclaimer: The views expressed by the author above do not necessarily represent the views of Consensys AG. ConsenSys is a decentralized community with ConsenSys Media being a platform for members to freely express their diverse ideas and perspectives. To learn more about ConsenSys and Ethereum, please visit our website.
