Development of Application Model for Blockchain Data Analysis

Blockchain was introduced in the White Paper written by Satoshi Nakamoto in 2008 and in a short time it found multiple applications in modern society. It is fundamental technology for almost all cryptocurrencies. Nowadays it is used in various areas, especially in the financial sector. If properly analysed, blockchain can be important source of information. This was motivation to start development of application which would represent blockchain data in a form suitable for statistical analysis. With this application, analysing blockchain data will be much easier. Also, application would provide synthesized data for various purposes. In this paper, blockchain data structure is described, statistical methods that could be applied in blockchain analysis are suggested, and design of application model is presented.