MultiversX Blockchain Data Now Embedded in Global Internet Data Streams via Google BigQuery

One of the most significant contributions of blockchain technology to the internet was the introduction of simple ownership transfers for digital assets. Hence, the trilogy - read, write, own, referred to as the next evolutionary phase. The first and second properties are as important on the decentralization spectrum and for the openness nature that powers builders to touch upon almost every business vertical.

Some of the options to browse blockchain data are block explorers and APIs, but they can be limited in how deep you can look into the history and hardly useful for analysis that involve larger volumes.

This is why we are thrilled to announce that MultiversX is now available on Google BigQuery, which opens access to blockchain data in an easy manner. Basically, Google replicates what it has already done for the entire internet and makes information access on the MultiversX blockchain readily available. 

Google BigQuery is an enterprise-grade, petabyte-scale cloud data warehouse, with a cost-effective pay-as-you-go pricing model. Anyone with a Google Account can now get insights about the MultiversX network, such as the top 100 block producers, without running specialized software and waiting to sync the ledger.

Other quick-to-use sample queries available directly on the MultiversX dataset page are: details about the latest blocks, daily transaction count, largest EGLD transfers in a specific timeframe or top used smart contracts. And some examples of what else can be done:

Developers and projects using MultiversX for conducting and recording actions on-chain are now granted access to an important new instrument for their toolkit. With the help of Google BigQuery, they can perform in-depth product analysis to understand their users’ behavior, and evaluate what their product development priorities are.

“Analyzing and interpreting data to reveal useful insights and information about product usage is a science barely explored compared to its potential utility for the web3 space. Having Google resolve a big part of the hassle for MultiversX projects is an important step towards making dApps better, more useful, and more appealing to the masses.“ said Lucian Mincu, MultiversX Foundation CIO.

​​The service is provided through the MultiversX ETL, an open-source tool which extracts, transforms and feeds Google BigQuery with blockchain data at hourly intervals.

Google Cloud involvement in the MultiversX ecosystem extends beyond this important integration. The two leading technology companies are co-working on multiple initiatives to accelerate Web3, including a startup accelerator program, hackathons and developer initiatives, and joint business developments, such as the presence of MultiversX as partner in the Google Cloud booth at GITEX Global, Dubai 2023.

Resources

• MultiversX on-chain data on BigQuery: https://console.cloud.google.com/marketplace/product/bigquery-public-data/blockchain-analytics-multiversx-mainnet-eu
• MultiversX ETL: https://github.com/multiversx/multiversx-etl
• Technical documentation: https://docs.multiversx.com/sdk-and-tools/google-bigquery

About Google BigQuery

Google BigQuery is a Google Cloud Platform service that serves as a cloud-based and scalable enterprise data warehouse for rapid SQL queries and interactive analysis of massive datasets. The solution is known for its quick processing time and large data capabilities.

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