Nansen CEO Alex Svanevik explained the intricate process of transforming raw blockchain transactions into actionable insights. This involves multiple data processing layers, with Nansen excelling in the crucial attribution layer that provides context to on-chain flows.
Svanevik highlighted that labeling blockchain addresses involves both algorithmic and human efforts, underscoring the paramount importance of quality assurance to maintain trust in data labeling. Every label within Nansen's database is substantiated by compiled evidence, ensuring accuracy. Public information on blockchains is utilized for labeling, with provisions for individuals to request label removal.
He noted that blockchains are inherently public and transparent, making information immutable. Labeling addresses requires studying user behaviors and deterministic smart contract events. Furthermore, Svanevik stressed that data harmonization across different blockchain chains is essential for deriving meaningful insights, a process that has evolved to incorporate agentic and algorithmic methods.
Nansen's robust labeling infrastructure delivers real-time insights for investors and traders. Svanevik concluded that understanding complex blockchain transactions necessitates a combination of inference and flow analysis, a challenge met by advanced data processing techniques.