One of the largest IT tech giant Google has announced a daily import of the Ethereum blockchain into its BigQuery service which will also going to allow its users to conduct some of the major analysis.
The move follows a similar one at the start of the year 2018 that pulled the bitcoin blockchain into one of the largest BigQuery.
The Ethereum ETL project which is used to extract data from the blockchain notes that current disadvantages are: Contracts created by message calls are not included, around 10 percent of overall contract metadata is getting missing, and the need to cast token vales due to BigQuery storing them as strings.
It is to be noted that inspite of the fact that Ethereum is also the creator of cryptocurrency ‘Ether’, Google backing Ethereum in its platform is big step towards encouraging global acceptance of Blockchain vis-a-vis Cryptocurrency as there’s an ongoing reluctance towards cryptocurrencies of all kinds among several countries where India, in particular, has banned the trading of cryptocurrencies in the country.
In a blog post last week, Google stated, “Ethereum and other cryptocurrencies have captured the imagination of technologists, financiers, and economists. Digital currencies as of now are just only one application of the which is underlying under the blockchain technology. Just before this year we made the Bitcoin dataset publicly available for analysis in Google BigQuery. Today we’re making the Ethereum dataset available.”
According to the google post blog post explained the primary differences between the Ethereum blockchain and Bitcoin’s. These also include some of a token based smart contract principle, precise and direct Ether value transfer resembling accounting ledger debits and credits, and the virtual machine that can execute arbitrary code. It added that Ethereum blockchain data was now available for viewing with BigQuery, Google’s web service which will also enables interactive analysis of massively large data-sets working in conjunction with Google Storage.
With addition of Ethereum Blockchain information available in Google Cloud, Google aims to make all the information stored in the chain easily accessible.