Early adopters of blockchain technology, particularly financial institutions that are among the first to wring out the distributed, encrypted and immutable ledgers, are being force to analyze data offline, not 'on-chain.'
George Leopold writes in
"The primary reason is a paucity of standard query languages, data access latency and a general lack of interoperability between analytics and data visualization tools with multiple blockchain protocols.
That's the conclusion of an analysis of early blockchain rollouts by capital marker firms released this week by TABB Group. Is 'data - the lifeblood of capital markets - literally locked up in new data paradigm?' the report asks.
The study found that blockchain proof-of concept efforts are handling analytics 'off-chain' after extracting data from enterprise deployments. 'This is neither ideal nor sustainable. Required will be an on-chain approach to extract full value and competitive advantage of enterprise blockchain,' the authors note..."
Read More ...