About the job
Exploring the Dual Nature of Blockchain
Permissionless architecture can lead to fragmented interpretations.
Decentralization results in a multitude of standards.
Immutability creates an exponential increase in data and query complexity.
Neutrality implies the absence of accountability for varied interpretations.
While blockchain data is publicly accessible, its utility at an institutional scale is hindered. The fragmented nature makes interpretation challenging, leading to difficulties in maintaining accurate records. Simple queries, such as identifying the largest Ethereum token holders over time, can necessitate extensive technical efforts including node operation, chain history ingestion, contract decoding, and complex SQL execution.
Blockchains are fundamentally designed for writes, not reads.
They focus on consensus and execution rather than on searchability or standardization. Each protocol comes with its own schema, leading to diverse encodings of similar economic actions, which results in:
Fragmented standards.
Increased complexity.
Lack of accountability in interpretation.
Economic events lacking meaning.
To function effectively, finance requires a robust system of record.
Join Allium in Revolutionizing On-chain Finance
Allium is pioneering the creation of a System of Record for On-chain Finance, standardizing and verifying data across 140+ blockchains and over 30 petabytes of historical data. We address four critical gaps that hinder the transition of blockchains into effective systems of record:
Semantic Gap: Transforming raw blockchain events into understandable financial concepts such as payments, trades, and staking income.
Standardization Gap: Consolidating various protocols into a unified cross-chain schema.
Infrastructure Gap: Providing read-optimized, globally distributed data at web scale.
Operational Gap: Ensuring accessibility and usability of blockchain data for financial institutions.

