Open data is key for blockchain transparency and innovation, industry must prioritize collaboration and accessibility

From Nasdaq:

Blockchain technology has promised decentralization and transparency, but much data remains inaccessible to average users. Analytics platforms offer valuable insights from on-chain data, but are often behind paywalls. Open data benefits everyone, allowing for better decision-making and policy development. Collaboration and transparency are key to realizing blockchain’s potential.

Access to on-chain data is crucial for transparency and innovation in the blockchain industry. Making core data more accessible and collaborative can lead to better analysis and attract institutional players. Real-world examples show the benefits of blockchain technology in supply chain resilience and efficiency. Open data access is necessary for everyone to truly understand blockchain’s value.

The industry must prioritize open on-chain data access to fulfill blockchain’s promise of transparency and innovation. Unfettered access to data allows for critical analysis and can attract more players to the crypto space. Collaboration and transparency are essential for driving the industry forward and demonstrating the real-world benefits of blockchain technology.



Read more at Nasdaq: Open Data: The Unfulfilled Promise of Blockchain