Topic: blockchain data or software service? (Read 144 times)
Not sure how other blockchain explorers handle this but my one allows a user to query transactions, addresses, blocks, embedded text etc with pattern expressions and wild cards to filter the blockchain. Users can then drill down further into the block. Is this something that other bitcoin/crypto users would want?
What are some features missing from other explorers?
There are some people that I heard looking for block explorer with auto-suggest addresses where you can able to see addresses when pasting an address with some missing characters I can't seem to find this yet on any of the explorers.
Or an advanced search tool where people can search hash or addresses with missing characters.
I have a large database of blockchain/cryptocurrency data
Aside from block explorer and analysis tool, you could create API services with specific pricing/tier.
and vendor neutral software that automatically consolidates/updates multiple sources of reference data (on-chain, price, transaction etc) into a central database which is then processed/analysed.
There are many ways to earn money from your software. For example,
1. Dual licensing system. 1st license is open source license (usually AGPL v3) while 2nd license is propriety/commercial license with customer support and optionally more feature.
2. Software as a service (SaaS) approach where you charge your customer based on subscription duration and their usage (e.g. personal, small company and enterprise company).
On paper it would seem that there are a number of ways of monetising the database/software. In practice it will be difficult. Creating API services could be a good way though. I guess data value or USP could then be improved by adding various related services:
- ML/AI to help predict/identify blockchain events
- Exchange proof of reserves/liabilities
- Bespoke delivery frequency/methods/formats/reliability
- Bespoke on-chain analysis
- Normalisation, modelling and consolidation of defi and transaction data
I'll take a look at glassnode etc and see if there are tools or areas not currently covered...
There are several ways you could potentially monetize a software tool that consolidates and updates reference data about cryptocurrencies. One option could be to use a software as a service (SaaS) model, in which users pay a subscription fee to access the software. You could also consider offering different pricing tiers or packages, with different levels of access or features available at different price points.
Another option could be to offer the software for free, but to monetize it through advertisements or sponsorships. Regardless of the monetization strategy you choose, it's important to ensure that the software is reliable, user-friendly, and provides value to your customers. By focusing on providing a high-quality product and excellent customer service, you can build a strong reputation and attract and retain customers for your business.
Another option could be to offer the software for free, but to monetize it through advertisements or sponsorships. Regardless of the monetization strategy you choose, it's important to ensure that the software is reliable, user-friendly, and provides value to your customers. By focusing on providing a high-quality product and excellent customer service, you can build a strong reputation and attract and retain customers for your business.
A SAAS approach would be an option although opening up a blockchain database online will require some serious infrastructure and cost. Aggregating, consolidating and adding value to cryptocurrency reference data would be the easier option though.
It is more likely a block explorer but the problem is there are already many explorers out there. You can create yours but it must be unique with some good tools and features to attract users.
For monetizing you can add some ads check the list of networks below
- List Advertising Networks
For monetizing you can add some ads check the list of networks below
- List Advertising Networks
The blockchain explorer currently has search and drill down functionality. What are some features missing from other explorers?
What chains? What time interval for data and how are you already representing it?
ALL of the monetisation imo will come from what you can make of the data (like in most cases).
You may be able to program something with machine learning that's able to turn the data into something useful (such as trading analysis or on-chain user tracking).
You might also be able to make charts or a website that contains information that could be useful (especially if you can get realtime updates).
Sites that already exist in this sort of area include: block explorers, chainalysis and tools like the fear and greed index (bitcoin - there are ones of these for stocks too).
ALL of the monetisation imo will come from what you can make of the data (like in most cases).
You may be able to program something with machine learning that's able to turn the data into something useful (such as trading analysis or on-chain user tracking).
You might also be able to make charts or a website that contains information that could be useful (especially if you can get realtime updates).
Sites that already exist in this sort of area include: block explorers, chainalysis and tools like the fear and greed index (bitcoin - there are ones of these for stocks too).
The software was developed to be flexible, allowing you to use your own data sources or blockchain node/vendors/exchanges and automatically schedules/updates price, transaction, trading account data over any time frame. It already has a vanilla blockchain explorer, advanced charting, flexible/configurable dashboards as well as real-time price charts. Have included the ability to download your own cryptocurrency investment accounts/transactions into your own accounting sub-ledger for full reporting and analysis etc. A simple scripting IDE was added as well for bespoke analysis or on-chain/pricing studies.
The database currently supports btc/eth/bch/ltc/doge and all digital asset price series as well as other asset types (ie equities, fx, commodities, futures etc). I think you are right that the monetisation will be what value can be added to this data. Creating new on-chain metrics or using ML/AI on the data would be one way of doing this...I would need to reach out somehow and engage others though to ensure that there was a demand.
There are several ways you could potentially monetize a software tool that consolidates and updates reference data about cryptocurrencies. One option could be to use a software as a service (SaaS) model, in which users pay a subscription fee to access the software. You could also consider offering different pricing tiers or packages, with different levels of access or features available at different price points.
Another option could be to offer the software for free, but to monetize it through advertisements or sponsorships. Regardless of the monetization strategy you choose, it's important to ensure that the software is reliable, user-friendly, and provides value to your customers. By focusing on providing a high-quality product and excellent customer service, you can build a strong reputation and attract and retain customers for your business.
Another option could be to offer the software for free, but to monetize it through advertisements or sponsorships. Regardless of the monetization strategy you choose, it's important to ensure that the software is reliable, user-friendly, and provides value to your customers. By focusing on providing a high-quality product and excellent customer service, you can build a strong reputation and attract and retain customers for your business.
It is more likely a block explorer but the problem is there are already many explorers out there. You can create yours but it must be unique with some good tools and features to attract users.
For monetizing you can add some ads check the list of networks below
- List Advertising Networks
For monetizing you can add some ads check the list of networks below
- List Advertising Networks
What chains? What time interval for data and how are you already representing it?
ALL of the monetisation imo will come from what you can make of the data (like in most cases).
You may be able to program something with machine learning that's able to turn the data into something useful (such as trading analysis or on-chain user tracking).
You might also be able to make charts or a website that contains information that could be useful (especially if you can get realtime updates).
Sites that already exist in this sort of area include: block explorers, chainalysis and tools like the fear and greed index (bitcoin - there are ones of these for stocks too).
ALL of the monetisation imo will come from what you can make of the data (like in most cases).
You may be able to program something with machine learning that's able to turn the data into something useful (such as trading analysis or on-chain user tracking).
You might also be able to make charts or a website that contains information that could be useful (especially if you can get realtime updates).
Sites that already exist in this sort of area include: block explorers, chainalysis and tools like the fear and greed index (bitcoin - there are ones of these for stocks too).
I have a large database of blockchain/cryptocurrency data and vendor neutral software that automatically consolidates/updates multiple sources of reference data (on-chain, price, transaction etc) into a central database which is then processed/analysed. Any ideas what markets or use cases this data/software might fit and how to go about monetising it?
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