Blockchain VS. Big data Part 3

Blockchain+Big data：Using big data technology in Blockchain

Blockchain is a distributed database storage technology with full history, the large Blockchain data set contains the whole history of each transaction. With the rapid development of blockchain technology, the scale of data will become increasingly large, the different business scenarios will futher expand the scale of data and rich the variety.

With the credibility, security and immutability of Blockchain, more data can be freed, to promote the massive growth of data. The traceability of Blockchain can record each step data from acquisition, exchange, circulation and calculation analysis on Blockchain, so that the quality of data can be comfirmed with the turst endorsement, then to ensure the correctness of data analysis results and the efficience of data mining.

Blockchain can further standardize the use of data, fining the authorized scope. After the desensitization of data transactions, it is conducive to break through the island of information, to establish the data flow mechanism, then to form the socialized large data. Based on the value transfer network of Blockchain, then to promote the formation of a global data trading scenario.

Blockchain can provide the integrity of data, and the statistical analysis for data is weak. But big data owns the massive data storage technology and flexible and efficient analysis techniques, then greatly enhance the value of Blockchain data and the use space.

By combining big data and Blockchain, to maximize the data value in Blockchain, then to allow the data forecast analysis become possible, all these will be the cornerstone of the digital economy era.