Machine Learning for Blockchain Data Analysis: Progress and Opportunities

Fuente: arXiv
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Auteurs principaux: Azad, Poupak, Akcora, Cuneyt Gurcan, Khan, Arijit
Format: Preprint
Publié: 2024
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author Azad, Poupak
Akcora, Cuneyt Gurcan
Khan, Arijit
author_facet Azad, Poupak
Akcora, Cuneyt Gurcan
Khan, Arijit
contents Blockchain technology has rapidly emerged to mainstream attention, while its publicly accessible, heterogeneous, massive-volume, and temporal data are reminiscent of the complex dynamics encountered during the last decade of big data. Unlike any prior data source, blockchain datasets encompass multiple layers of interactions across real-world entities, e.g., human users, autonomous programs, and smart contracts. Furthermore, blockchain's integration with cryptocurrencies has introduced financial aspects of unprecedented scale and complexity such as decentralized finance, stablecoins, non-fungible tokens, and central bank digital currencies. These unique characteristics present both opportunities and challenges for machine learning on blockchain data. On one hand, we examine the state-of-the-art solutions, applications, and future directions associated with leveraging machine learning for blockchain data analysis critical for the improvement of blockchain technology such as e-crime detection and trends prediction. On the other hand, we shed light on the pivotal role of blockchain by providing vast datasets and tools that can catalyze the growth of the evolving machine learning ecosystem. This paper serves as a comprehensive resource for researchers, practitioners, and policymakers, offering a roadmap for navigating this dynamic and transformative field.
format Preprint
id arxiv_https___arxiv_org_abs_2404_18251
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle Machine Learning for Blockchain Data Analysis: Progress and Opportunities
Azad, Poupak
Akcora, Cuneyt Gurcan
Khan, Arijit
Cryptography and Security
Machine Learning
Blockchain technology has rapidly emerged to mainstream attention, while its publicly accessible, heterogeneous, massive-volume, and temporal data are reminiscent of the complex dynamics encountered during the last decade of big data. Unlike any prior data source, blockchain datasets encompass multiple layers of interactions across real-world entities, e.g., human users, autonomous programs, and smart contracts. Furthermore, blockchain's integration with cryptocurrencies has introduced financial aspects of unprecedented scale and complexity such as decentralized finance, stablecoins, non-fungible tokens, and central bank digital currencies. These unique characteristics present both opportunities and challenges for machine learning on blockchain data. On one hand, we examine the state-of-the-art solutions, applications, and future directions associated with leveraging machine learning for blockchain data analysis critical for the improvement of blockchain technology such as e-crime detection and trends prediction. On the other hand, we shed light on the pivotal role of blockchain by providing vast datasets and tools that can catalyze the growth of the evolving machine learning ecosystem. This paper serves as a comprehensive resource for researchers, practitioners, and policymakers, offering a roadmap for navigating this dynamic and transformative field.
title Machine Learning for Blockchain Data Analysis: Progress and Opportunities
topic Cryptography and Security
Machine Learning
url https://arxiv.org/abs/2404.18251