With the rapid development of the blockchain and cryptocurrency markets, the sources of on-chain data are increasing day by day, which has resulted in a massive amount of on-chain data. Coupled with the openness, transparency and traceability of the blockchain network, it is possible to mine the value of data information on various chains.
Just imagine that if all bank user business data are public, any commercial organization can analyze various characteristics of each user’s consumption habits, income, preferences and so on through these massive data. But since it violates the privacy of users, financial institutions are unlikely to disclose this data.
In the blockchain network, however, users’ on-chain activities are publicly available, which has a huge data mining value. For example, the most intuitive one is that individual investors can make asset allocation by tracking the investment behavior of famous people on the chain. Of course, this is just a simple application of on-chain data information, and the true value is far from being fully exploited.
So far, the overall source of data on the chain is wide, the information is complex, and the volume is rich. Although there are some data analysis platforms or Dapps, they are limited to some vertical fields. The data on the chain is still in a decentralized state. and has not been effectively classified. The messy information is difficult to show its value. Meanwhile, due to the limitation of computing power, institutions that can process on-chain data on a large scale are extremely rare. What’s more, on-chain data analysis shows the lack of relevant components or tool support, which also makes data processing more difficult and it is also expensive to obtain data.
ADAM has been exchanging data and information on-chain and off-chain for a long time during the Chinese New Year. ADAM not only has seen the huge market value of data, and is well aware of the pain points of data value development on the chain, but also first proposed the concept of “DataFi”. Based on its own advantages, ADAM will build the first Web3.0-based data encrypted computing network to mine the true value of data, so that every role involved in data circulation can benefit from it.
Based on the overall situation and multi-dimensional mining of the value of data on the chain, ADAM will develop a full-stack data service to empower the development of the blockchain industry.
On-chain Data Retrieval
There has already been a large number of blockchain market data query tools and websites in the industry currently, such as CMC, Opensea, etc., but they all belong to vertical development models, which focusing on Token or NFT project information respectively. What ADAM wants to create is an open blockchain industry search tool that is similar to Google. ADAM will input massive industry information, and the data provided is more than price, market value, trading volume, NVT ratio, ratio of total market value and daily on-chain trading volume, return volatility and ROI, etc. ADAM tags and categorizes data in the form of tags, and users can access the data through SQL queries or APIs.
This is a function that ADAM focused on in its early deployment. Currently, the oracle business is relatively mature. ADAM has built the first decentralized oracle that supports wide-area nodes, which have spread all over the Middle East, Europe, Asia and other major regions. The data link layer, network layer and transport layer of the chain ecology are constructed, which can effectively ensure the encryption security of data. The wide-area node network created by the ADAM oracle function can not only transmit off-chain data and information to the on-chain, but also aggregate on-chain information for off-chain processing, so as to reduce the cost of data using and computing.
A study has shown that the human eye is a high-bandwidth parallel GPU with a large number of visual signals, with a bandwidth of 2.339G/s, which is equivalent to a 20 Gigabit network card, and has super pattern recognition capabilities. What’s more, the processing speed of visual symbols is many orders of magnitude faster than numbers or texts. Data visualization is a powerful tool for people to gain insight into the connotation of data and understand the value of data in the era of Web 3.0. ADAM supports the visualization of various data types. For example, the user can portrait, visualize the transaction data and recognize the transaction pattern through the on-chain behavior of the user’s wallet address. It provides a variety of chart components so that the user can. grasp the key information quickly with the naked eyes.
On-chain Data Analysis Platform
ADAM will conduct statistics and analysis on the addresses on the chain, gain insight into the laws of user behavior, and provide individuals or enterprises with transaction analysis tools on the digital currency chain. Furthermore, ADAM has selected more than 100 indicators, 1000 charts with rich data types, and deep and detailed analysis. Based on a wide-area node network and distributed data source base, ADAM deploys multiple full nodes to ensure data stability and real-time. The introduction of the principle of the indicators can enable users to obtain the most cutting-edge data interpretation.
Data Monitoring Plug-in
The intelligent data service platform built by ADAM is equipped with a data monitoring plug-in. Users can choose the data service content they care about, and the platform will be able to conduct on-chain data monitoring and analysis: compliance assessment, entity identification, privacy leakage risk analysis, identification of illegal activities, and notify users as soon as possible. For example, in the notification of major market fluctuations, the user can set the data asset fluctuation threshold for the notification, and the system will automatically issue a reminder when the market fluctuation reaches the triggering condition.
On-chain Integrated Marketing
ADAM will take full advantage of the platform built to accurately match data service packages for institutions or individual users, and select target users through sorting algorithms to carry out the best marketing activities based on the open and authorized on-chain data. With the data on the chain as the carrier, the fragmented marketing methods are combined into a whole, and the precise multi-channel promotion method enables users to invest in lower operating costs to maximize the final revenue.
ADAM is a new generation of blockchain data service provider, with the function of batch data encrypted transmission, which can not only connect the real world and the blockchain system, but also realize the barrier-free flow of ecological data information on chains such as ETH, BSC, OKexchain, and Solana. ADAM has spawned powerful off-chain computing capabilities by building a global wide-area node network, enabling millisecond-level encrypted computing to realize real commercial-level “DataFi” applications, so that every role involved in data circulation can benefit from it. Different from Filecoin’s distributed storage network, ADAM aims to build the first data encrypted computing network in the Web3.0 era.