3️⃣On-Chain & Off-Chain Analysis
Case study: on-chain and off-chain analysis using GoodDollar as an example:
GoodDollar is a project that aims to distribute unconditional basic income (UBI) to people around the world. The project uses the Celo blockchain to distribute the UBI, and it also collects off-chain data from users, such as their location and demographics.
GoodDollar uses on-chain analysis to track the distribution of the UBI. For example, they can track how many people have received the UBI, how much money they have received, and where they are located. This data can be used to understand the impact of the UBI and to make sure that it is being distributed fairly.
GoodDollar also uses off-chain analysis to collect additional data about users. For example, they collect data about the users' location, demographics, and social media activity. This data can be used to create a more complete picture of the users and to understand how they are using the UBI.
The combination of on-chain and off-chain analysis allows GoodDollar to get a more complete picture of the UBI distribution and its impact. This data can be used to improve the project and to make sure that it is reaching the people who need it most.
https://dapplooker.com/dashboard/celo-gooddollar-401
The dashboard that GoodDollar created on DappLooker is a great example of how on-chain and off-chain data can be combined to create a powerful analytics tool. The dashboard shows the distribution of the UBI by country, as well as other data such as the number of active users and the total amount of UBI distributed. This data can be used to track the progress of the project and to identify areas where the UBI could be improved.
The use of on-chain and off-chain analysis by GoodDollar is a valuable example of how blockchain technology can be used to improve the lives of people around the world. By combining these two types of data, GoodDollar is able to get a more complete picture of the UBI distribution and its impact. This data can be used to improve the project and to make sure that it is reaching the people who need it most.
Here are some of the benefits of combining on-chain and off-chain analysis:
It can provide a more complete picture of the activity on a blockchain.
It can help to identify patterns and trends that would not be possible to see with just on-chain data.
It can be used to track the impact of a blockchain project.
It can be used to improve the security of a blockchain project.
Overall, combining on-chain and off-chain analysis can provide a powerful tool for understanding and improving blockchain projects.
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